چکیده:
The present research has been conducted with the aim of determining the relationship between the stock returns of investment companies and macroeconomic variables including: non-oil exports, liquidity volume, imports, and the consumer price index; determining the extent of the impact of macroeconomic variables (non-oil exports, liquidity volume, imports, consumer price index); and finally, contributing to the formulation of macroeconomic policies using the research results. The main question is: Do macroeconomic variables have a significant effect on the stock returns of investment companies listed on the Tehran Stock Exchange? Given the hypotheses stated in this research and the results obtained from their testing, it is concluded that non-oil exports and liquidity volume have a positive impact on the stock returns of investment companies, while the consumer price index and imports have a negative impact on their returns.
خلاصه ماشینی:
Given the hypotheses stated in this research and the results obtained from testing them, it is concluded that non-oil exports and liquidity volume have a positive impact on the stock returns of investment companies, while the consumer price index and imports have a negative impact on their returns.
In this research, an attempt has been made to examine and evaluate macroeconomic variables such as: liquidity volume, consumer price index, imports, and non-oil exports on the returns of these companies.
Determining the relationship between the return on shares of investment companies and macroeconomic variables, which include liquidity volume, consumer price index, imports, and non-oil exports; 2.
Specifying the extent of the impact of macroeconomic variables (liquidity volume, consumer price index, imports, non-oil exports) on the return on shares of investment companies; 3.
RR Stock return of investment companies listed on the Tehran Stock Exchange Cash Liquidity volume CPI Consumer Price Index Nonoil Non-oil exports CIF Imports MA(1) First-order moving average a Intercept a Coefficient of independent variables Model: Using the model, the following hypotheses are tested: Hypothesis 1: Liquidity has a direct effect on the stock returns of investment companies listed on the stock exchange.
2. There is an inverse relationship between the consumer price index and the stock returns of investment companies listed on the Tehran Stock Exchange; consequently, the second hypothesis of the research is rejected.
The impact of macroeconomic variables (non-oil exports, imports, consumer price index, and liquidity volume) on the stock returns of investment companies listed in the Tehran Stock Exchange using the Ordinary Least Squares (OLS) method Chart No. 1.
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