Accounting and Auditing Studies

Accounting and Auditing Studies

Evaluation the Relationship between Free Float Volume and Financial Statements Structure in Tehran Securities Exchange (TSE)

Document Type : Original Article

Authors
1 Assistant Professor of Islamic Azad University, Firozkoh Branch
2 Faculty Member of Islamic Azad University, Bandar Abbas Branch
10.22034/iaas.2012.105367
Abstract
The aim of this study is to evaluating the role of financial statements structure in determination the volume of free float stock. We use multiple regression models and data of 134 selected companies in TSE for a four year period. (2004-2007). So each year financial statements structure indexes with Balance Sheet and Income Statement approaches the next year free float are tested in a multiple regression model for double hypothesis.                
The results show that there is a significant relationship between free float stock volume in each year and financial statement structure of previous year.