Accounting and Auditing Research

Accounting and Auditing Research

The relationship between gross domestic production (GDP) growth and the capital risk factors in the companies accepted in Tehran’s securities exchange market

Document Type : Original Article

Authors
Zahra Lashgari 1
Saeed Samimi 2
Abbas Asadpour 3
Rasa Asadpour 2
1 Assistant Prof, Faculty of Economic and Accounting, Islamic azad University Tehran, Iran
2 Young Researchars And Ellit club, Tabriz Branch, Islamic Azad Universiti, Tabriz, Iran
3 MSc, in Faculty Economic and Accounting Islamic azad University, Tabriz, Iran
Abstract
Gross domestic production as one of the macroeconomic variables is considered as an economical information indicator in money and capital markets. Such a component stems from the important financial sector underlying premises of the social economy and it is usually applied in the financial economy evaluations and analysis in every country. The objective of the current study is to survey the relationship between the gross domestic production and capital risk factors (value, size, debt to assets ratio, stock return and market risk premium). To do so, the study variables have been evaluated by taking advantage of a multivariate regression model based on the seasonal data and a portfolio consisting of the data for 42 seasons. The results obtained in the hypothesis rests section of the study show that there is a very weak and faint correlation between the independent and dependent variables growth; also, based on p-test it has been found that there is no significant relationship between gross domestic production growth and the output obtained from the risk factors, including value, size, debt-assets ratio, market risk premium and the seasonal return.
Keywords
Gross Domestic production (GDP) Growth
Value and Size
Debts to Assets Ratio
Market Risk Premium
Stock Return
Accounting and Auditing Research
Volume 10, Issue 38
Summer 2018
Pages 95-108