• Corpus ID: 17701217

A Study of the Relationship Between Liquidity and Stock Returns of Companies Listed in Tehran Stock Exchange

@inproceedings{Salehi2011ASO,
  title={A Study of the Relationship Between Liquidity and Stock Returns of Companies Listed in Tehran Stock Exchange},
  author={Mahdi Salehi and Ghodratallah Talebnia and Behzad Ghorbani},
  year={2011}
}
3 Abstract: Liquidity is the ability to convert shares to cash at any time and into market price and is one of the main functions of capital markets. Financial literature indicates that rational investors who think they hold shares in exchange for lower returns with higher degree of liquidity they claim. Several studies about the relationship between stock returns and liquidity indicate a negative relationship between them. In current study, the relationship between stock returns and its… 

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