1.
Saeid Jabbarzadeh Kangarlouei
– Islamic Azad University, West Azarbyjan Science And Research Branch, Iran
2.
Morteza Motavassel
– Islamic Azad University, West Azarbyjan Science And Research Branch, Iran
3.
Majid Babakhani
– Islamic Azad University, West Azarbyjan Science And Research Branch, Iran
Abstract
This study investigates the relationship between stock liquidity and board compensation listed in Tehran Stock Exchange (TSE)
during the period between 2004 and 2010. The population of study includes 74 firms and fourteen hypotheses are developed for purpose of
study. The results show that there is a positive relationship between trading days, trading quantity, trading volume, trading value, percentage
of floating stock, turnover ratio, stock flow ratio, liquidity ratio, stock market depth, absolute bid-ask spread and board compensation and there
is a negative relationship between waiting period, illiquidity ratio, relative bid-ask spread and board compensation spread. Moreover, there is
no relationship between floating stock flow and board compensation.
