Investigation of the Relationship between Currency Rate Fluctuations and Stock Returns in Companies Listed on the Stock Exchange
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In this research, the relationship between currency rate fluctuations and stock returns in companies listed on the stock exchange has been investigated. Also, in this study, the effect of currency rate fluctuations, firm size, book-to-par value ratio, stock market risk premium and stock price movements on stock returns of companies listed on the stock exchange has been investigated. In order to answer the research questions, five hypotheses were formulated and 94 selected companies from among the companies listed on the Tehran Stock Exchange were studied at a 5-year interval, 2011-2016. Finally, the data was analyzed using Excel and then EVIEWS. The results of the data analysis showed that the amount of currency rate fluctuations, the firm size, the book-to-par value ratio, stock market risk premium and stock price movements affects stock returns of companies listed on the stock exchange.
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