Authors : Leila Rezaei and Amirhoushang Jangi
Abstract: Stock return is one of the effective factors in stock selection among those who are active in capital market. In any type of investment, the investor tries to get more return. Many factors affect stock return. Also assets growth rate has been used as a variable to predict stock return. The goal of the present research is to investigate about the relationship between asset growth and cross-sectional return of stocks in firms enlisted in Tehran Stock Exchange. Assets’ return rate was calculated by the ratio of total assets at the end of the period minus total assets at the start of the period divided by assets at the start of the period. The research period was between 2009 and 2014. To test the hypotheses we have used annual cross-sectional regression. By using systematic deletion method 162 firms were chosen as the sample n this research.
Leila Rezaei and Amirhoushang Jangi, 2016. The Relation Between Asset Growth and the Cross-Section of Stock Return in Tehran Stock Exchange. International Business Management, 10: 2355-2363.