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آلودگی هوا و بازده سهام در بورس اوراق بهادار تهران | ||
حسابداری سلامت | ||
مقاله 4، دوره 4، شماره 4 - شماره پیاپی 14، دی 1394، صفحه 61-76 اصل مقاله (284.3 K) | ||
نوع مقاله: مقاله پژوهشی | ||
شناسه دیجیتال (DOI): 10.30476/jha.2015.39273 | ||
نویسندگان | ||
دکتر شهناز مشایخ1؛ بهاره شفیعزاده* 2 | ||
1دانشیار حسابداری دانشگاه الزهرا (س). | ||
2دانشجوی دکتری حسابداری دانشگاه الزهرا (س). | ||
چکیده | ||
مقدمه: پژوهشهای مرتبط با سلامت نشان میدهد که آلودگی هوا تأثیر منفی بر حالات روانی اشخاص دارد. پژوهشهای تجربی در روانشناسی نیز نشانگر این است که حالات روانی بد باعث افزایش خطرگریزی افراد میشود. مطالعات انجام شده در زمینه مالی و اقتصادی در دنیا حاکی از اثر حالات روانی بد بر نرخ بازده سهام است. روش پژوهش: پژوهش حاضر به لحاظ هدف، کاربردی و بر مبنای ماهیت و محتوا از نوع همبستگی است. این پژوهش به بررسی اثر حالات روانی ناشی از آلودگی هوا و ارتباط بین آلودگی هوا و بازده سهام در بازار بورس اوراق بهادار تهران در بازه زمانی 1392-1390 با بکارگیری اطلاعات روزانه شاخص آلودگی هوا و اطلاعات بازده سهام میپردازد. از رگرسیون سری زمانی و نرمافزار Eviews نسخه 7 برای تجزیه و تحلیل دادهها استفاده شده است. یافتهها: نتایج حاصل از آزمون فرضیه پژوهش بیانگر این است که آلودگی هوا رابطه منفی با نرخ بازده کل سهام بورس اوراق بهادار تهران دارد. نتیجهگیری: تصمیمهای سرمایهگذاران تا حد زیادی تحت تأثیر حالات روحی آنان است و آلودگی هوا از جمله عواملی است که میتواند بر خلق و خوی و حالات روانی انسانها اثر بگذارد. یافتههای پژوهش نشاندهنده رابطه منفی و معنادار بین آلودگی هوا و بازده سهام است. این امر مؤید نظریههای مالی رفتاری است. اگر چه با توجه به ضریب تعیین تعدیل شده بدست آمده حاصل از الگوی رگرسیون، آلودگی هوا مقدار کمی از تغییرات بازده اوراق بهادار را تبیین میکند. | ||
کلیدواژهها | ||
آلودگی هوا؛ بازده سهام؛ نظریههای رفتاری | ||
مراجع | ||
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