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dc.contributor.authorSina, Sheykhbaglou
dc.contributor.authorMehdi, Heydari
dc.contributor.authorFarzad, Ghayour
dc.date.accessioned2019-10-11T09:05:47Z
dc.date.available2019-10-11T09:05:47Z
dc.date.issued2019-10
dc.identifier.citationInternational Journal of Business and Technopreneurship, vol.9(3), 2019, pages 309-320en_US
dc.identifier.issn2231-7090
dc.identifier.issn2232-1543 (online)
dc.identifier.urihttp://dspace.unimap.edu.my:80/xmlui/handle/123456789/62404
dc.descriptionLink to publisher's homepage at http://ijbt.unimap.edu.myen_US
dc.description.abstractThe purpose of this study was to investigate the relationship between stock liquidity and stock returns with a focus on the moderating role of financial constraints. Methodology/Technique – A structural equation modeling approach is applied in this research. The sample of this study consists of companies that were consistently listed on the Tehran Stock Exchange from 2009 to 2017. Findings – The results indicated that the financial constraints associated with stock liquidity and stock returns play a moderating role, and in particular, the relationship of these variables in firms with no financial constraints is much stronger than those with limited constraints. The results indicate that the effect of stock liquidity on stock returns in companies with financial constraints is different from that of the companies without financial constraints in a way that the effect of stock liquidity on stock return in health companies is stronger than that of the companies with financial constraint. Novelty - it is suggested that capital market activists, financial analysts and potential and actual investors of stock exchanges, take into consideration the conditions and financial constraints of the companies.en_US
dc.language.isoenen_US
dc.publisherSchool of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)en_US
dc.subjectStock returnsen_US
dc.subjectStock liquidityen_US
dc.subjectFinancial constraintsen_US
dc.subjectStructural equationsen_US
dc.titleStock liquidity and stock return: The moderating role of financial constraint using structural equation modeling approachen_US
dc.typeArticleen_US
dc.contributor.urlm.heydari@urmia.ac.iren_US


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