Asian Journal of Research in Banking and Finance

The purpose of this study was to investigate the relationship between stocks expected returns and systematic competitiveness between individual investor companies. This research study is based on causal-analytical library and panel data analysis (panel data). In this study, the financial data of 103 listed companies in Tehran Stock Exchange during the period 2007 to 2012 were reviewed. To analyze the results of the study program 20 Spss, 7 Eviews and 16 Minitab is used. The results in relation to the first hypothesis of the present study suggest there is a direct relationship between the expected returns of individual investors and individual investors systematically competitiveness and also according to the analysis made in relation to the second hypothesis, we determined there is a direct relationship between expected return and market competitiveness of individual investors systematically.