Investors respond differently over the environmental and economic effective factors to earn good returns. That these reactions can affect the volatility of the price per share and the number of transaction and volume number of transactions so the effects of each investor behavior causes Changes in the yield per share. so the goal of this research is checking Factors based on behavioral finance approach on expected yield per share. The sample of research consists of 89 accepted offices In Tehran Stock Exchange during the period 1386-1392 that were chosen by Screening. Hypothesis tests were done through multiple regression and Generalized Least Squares (GLS) with panel data layout. The results show that Approaches to financial investors, including fluctuations in the price per share, Number of transactions repeat ion, volume and number of transactions has significant effect on expected share yield and each one of them can affect each share expected yield separately.
کلید واژگان :Expected returns, volatility of share price,the number of transactions, turnover
ارزش ریالی : 600000 ریال
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