THE STUDY ON THE EFFECT OF ADJUSTED DUPONT RELATION AND ITS COMPONENTS ON HERDING BEHAVIOR OF INVESTORS

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ZANJIRDAR MAJID; KHALEGHI KASBI PARVANEH

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Journal: FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES) Year:2014 | Volume:7 | Issue:21 Page(s): 1-14

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Title

THE STUDY ON THE EFFECT OF ADJUSTED DUPONT RELATION AND ITS COMPONENTS ON HERDING BEHAVIOR OF INVESTORS

Author(s)

ZANJIRDAR MAJID | KHALEGHI KASBI PARVANEH | Issue Writer Certificate

Keywords

ADJUSTED DUPONT ANALYSISQ3

RETURN ON NET OPERATING ASSETSQ3

BEHAVIORAL FINANCEQ2

HERDING BEHAVIORQ3

Abstract

In this study the effect of adjusted Dupont and its components on HERDING BEHAVIOR of investors have been investigated. The aim of this study was to finding the answer of this question that does the use of ADJUSTED DUPONT ANALYSIS and its components have ability to forecasts of future profitability and explanation of stock returns and can be effective on investors behavior? Data research were belong to one sample which consisted of five industries and included eighty five components that accepted on Tehran Stock Exchange in period of six years (from 2006 to 2011). Regarding market index, Beta herding has been used in order to measuring behavior of investor. Research hypothesis have been analyzed by SPSS and linear regression model with several variables have been used. The results of this study have shown that RETURN ON NET OPERATING ASSETS had enough ability to forecasts of future profitability and among the adjusted Dupont components, it's the asset turnover operating had impact on forcasting result and also adjusted DuPont relation and profit margin component had explicability in stock returns of components. In addition, the researchers detected that the relation of adjusted Dupont, two components of profit margin & asset turnover operating had impact on behavior and investors decision and active people in market but the reaction of market on profit margin was more than asset turnover operating.

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APA: Copy

ZANJIRDAR, MAJID, & KHALEGHI KASBI, PARVANEH. (2014). THE STUDY ON THE EFFECT OF ADJUSTED DUPONT RELATION AND ITS COMPONENTS ON HERDING BEHAVIOR OF INVESTORS. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 7(21), 1-14. SID. https://sid.ir/paper/200365/en

Vancouver: Copy

ZANJIRDAR MAJID, KHALEGHI KASBI PARVANEH. THE STUDY ON THE EFFECT OF ADJUSTED DUPONT RELATION AND ITS COMPONENTS ON HERDING BEHAVIOR OF INVESTORS. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)[Internet]. 2014;7(21):1-14. Available from: https://sid.ir/paper/200365/en

IEEE: Copy

MAJID ZANJIRDAR, and PARVANEH KHALEGHI KASBI, “THE STUDY ON THE EFFECT OF ADJUSTED DUPONT RELATION AND ITS COMPONENTS ON HERDING BEHAVIOR OF INVESTORS,” FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), vol. 7, no. 21, pp. 1–14, 2014, [Online]. Available: https://sid.ir/paper/200365/en

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