aFaculty Members, Department of Accounting, Allameh Tabatabai University, Tehran, Iran
bM.S. Student, Department of Accounting, Allameh Tabatabai University, Tehran, Iran
Online published on 4 December, 2014.
This study examines the impact of stock market volatility on firm performance that desired measures for performance are net income and EVA and desired measure for stock market volatility is monthly share return of stockexchange. Furthermore, in this study we also examine the relationship between GDP growth and firm size with firm performance. To achieve this goal, available data for cement companies in Tehran Stock Exchange has been used for the period of 2005 to 2013. We use GMM method to analyze the data and following results were obtained:
Stock market volatility has a significant relationship with firm performance.
GDP Growth has a significant relationship with firm performance.
Firm size has a significant relationship with Net Income but in terms of EVA, the relationship is insignificant.
Stock market volatility, Performance, EVA, Net income, GDP Growth, Firm Size, GMM method
