نوع مقاله : مقاله پژوهشی
نویسندگان
1 عضو هیئت علمی دانشگاه آزاد اسلامی
2 عضو هیئت علمی دانشگاه پیام نور
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
In Tehran Stock Exchange, the flow of information is delayed and the information in financial reports does not immediately affect the stock price; therefore, the purpose of this study was to investigate the effect of high-order moments on market pricing efficiency in listed companies. It has been on the Tehran Stock Exchange. The statistical population is the companies listed on the Tehran Stock Exchange during the years 1393 to 1397, which based on the method of systematic elimination sampling, 115 companies have been selected as a statistical sample. The present study is among the applied researches and is considered as a correlational research in terms of method. For data collection, reference to financial statements, explanatory notes and stock exchange monthly has been used. In order to analyze the data, first the variance heterogeneity pre-tests, F-Limer test, Hausman test and Jark-Bra test were used and then multivariate regression test was used to confirm or reject the research hypotheses (Eviews software). The results showed that the effect of high-order torques on market pricing efficiency, including stock price delays and market allocation efficiency in companies with high levels of executive power and information quality, is different from other companies.
کلیدواژهها [English]
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