M.A. Thesis:

Expenditure Corporate investment and stock liquidity

In every financial market, due to the breadth and depth of the market, there are various tools for investing. One of the key issues in investing is the liquidity of assets, since some investors may need to quickly invest in their financial resources. The rate of liquidity is also related to the appreciation of stock trading Securities are funded by investors. In this study, the relationship between capital expenditures and stock liquidity of the company, in a sample of 142 companies, has been investigated from the companies listed in the Tehran Stock Exchange between 2011 and 1394. Independent variable includes expense expense and dependent variable including stock liquidity. The results of this research indicate that there is a significant positive relationship between capital expenditures and the index of the difference between the purchase price and the sale of shares. Also, the results indicate that the relationship between capital expenditures and Amihud index is statistically significant. Finally, the results of the control variables indicate that there is a positive and significant relationship between the turnover of the previous year and the turnover of transactions with the liquidity and have a significant relationship with the price difference index between the purchase and sale price of the shares of the company. The findings of this research can be used as a valuable reference in scientific research and thinking behind sustainable trade

Keywords: Investment Expense, Stock Liquidity, Company Size, Stock Price, Volume of Trades, Fluctuations