Explaining the role of ownership decisions on the influence of industrial factors on stock prices

Document Type : Original Article

Authors
Reza Hosseinpour 1
sina Kheradyar 1
Mojtaba Maleki Chubari 2
1 Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran
2 Department of Accounting, Lahijan Branch, Islamic Azad University, Lahijan, Iran
10.22034/jik.2025.24032
Abstract
The advantage of capital increase for shareholders is that if the share price increases, we will also profit. If the company can invest the attracted capital successfully, the final profit in the stock price can lead to the growth of the company and thus increase the stock price. The purpose of this research is to investigate the impact of ownership decisions such as capital increase on the relationship between industrial factors caused by technological developments and competition in the product market on stock prices at the three levels of high, medium and low using multivariable regression following Lollen's research. It is in 2004.
The research sample includes 143 companies listed in the Tehran Stock Exchange, which covers a seven-year period from the beginning of 2015 to the end of 2021. Capital increase has a significant effect on the relationship between technological developments and stock prices in each of the three levels. And this interaction has the greatest increasing effect on the stock price at the high and low levels, respectively Also, the results showed that the increase in capital has a significant effect on the relationship between the competition in the product market and the stock price in each of the three levels. And this interaction has the greatest increasing effect on the stock price at the high, low and medium levels respectively.
Keywords
Ownership decisions
industry factors
stock prices
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