Investigating the Effect of Companies’ Characteristics on Share Price Crash Risk(Companies listed in Tehran Stock Exchange)
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

Investigating the Effect of Companies’ Characteristics on Share Price Crash Risk(Companies listed in Tehran Stock Exchange)

Authors
chief editor chief editor
Keramatollah Heydari Rostami
Mohammad Javad Zare Bahnamiri
Abstract
This study is investigating the relationship between some companies’ characteristics, including assets returns, equity returns, company’s size, company’s leverage, market to book value of the company, Q Tobin and stock price crashes for the period of 2007 to 2013 (for the 7 years period). Hutton et. al (2009) model is used for measuring stock price crash. Results show that there is a negative and significant relationship between ROA, SIZE, MTB and Q Tobin but two other variables ROE and financial leverage have no significant relationship with stock price crash for the companies listed in Tehran Stock Exchange.
Keywords
Companies’ Characterizes
Company’s size
Q Tobin
Stock Price Crash.