1
Accounting Department , Islamic Azad University , Karaj Branch , Iran
2
Master Student of Accounting, Islamic Azad University , Alborz Science and Research Branch , Iran
Abstract
This paper categorize institutional investors in two category as a theoretical view. First, investors which have a business relationship with the companies in which they hold shares and second vice versa. Investment firms are existing in second category. Hence ,this study investigate relationship between ownership of investment firms and share price in107 listed firms of Tehran Stock Exchange (TSE) during a six-year period from 2006 to 2011. Using correlation method and multiple regression technique, the results of this study indicate that there is a negative relation between ownership of investment firms and investee firms share price.
Banimahd,B. , Moradzadehfard,M. and Naseh,Y. (2014). Ownership of Investment Firms and Share Price of The Listed Firm. Journal of Investment Knowledge, 3(بهار 1393), 157-168.
MLA
Banimahd,B. , , Moradzadehfard,M. , and Naseh,Y. . "Ownership of Investment Firms and Share Price of The Listed Firm", Journal of Investment Knowledge, 3, بهار 1393, 2014, 157-168.
HARVARD
Banimahd B., Moradzadehfard M., Naseh Y. (2014). 'Ownership of Investment Firms and Share Price of The Listed Firm', Journal of Investment Knowledge, 3(بهار 1393), pp. 157-168.
CHICAGO
B. Banimahd, M. Moradzadehfard and Y. Naseh, "Ownership of Investment Firms and Share Price of The Listed Firm," Journal of Investment Knowledge, 3 بهار 1393 (2014): 157-168,
VANCOUVER
Banimahd B., Moradzadehfard M., Naseh Y. Ownership of Investment Firms and Share Price of The Listed Firm. Journal of Investment Knowledge, 2014; 3(بهار 1393): 157-168.