The Momentum Return and the Liquidity at the Tehran Stock Exchange

reza tehrani, hojatollah ansari, alireza saranj
2013 راهبرد مدیریت مالی  
Behavioral finance is a new field in financial theories that seeks to explain stock market anomalies by putting aside the assumptions of modern financial theories about rationality of the economic agents and efficiency of the markets. The effect of the momentum that is the continuation of price trend in medium term is one of these anomalies. To explain this subject, as stated above, there have been many investigations conducted on behavioral finance and the related influencing variables. The
more » ... g variables. The present article investigates the relationship between the momentum return and liquidity at the Tehran stock exchange. The findings of the study reveal that there is no specific pattern to affirm
doi:10.22051/jfm.2014.963 doaj:2e16339b980a4fc2b06f55ab6efb7ad6 fatcat:jjyksjg2gvdlpkn7kqu2ar4ggq