ﺪ از ﻣﺎﻟﻴﺎت ﺑﻪ داراﻳﻲ (incasst) و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ راﺑﻄﻪ اي وﺟﻮد ﻧﺪارد.
H0: β = 0
H1: β ≠ 0
۵۶
ﻧﺘﺎﻳﺞ ﺑﺮرﺳﻲ ﺑﺎ اﺳﺘﻔﺎده از ﻧﺮم اﻓﺰار spss ﻧﺸﺎن ﻣﻲ دﻫﺪ ﻛﻪ، ﻧﺴﺒﺖ ﺳﻮد ﺑﻌﺪ از ﻣﺎﻟﻴﺎت ﺑﻪ داراﻳﻲ ﻫﺎ، ﻓﺎﻗﺪ ﻫﺮﮔﻮﻧﻪ
ارﺗﺒﺎط آﻣﺎري ﻣﻌﻨﺎدار ﺑﺎ ارزان ﻓﺮوﺷﻲ ﺳﻬﺎم IPO ﻣﻲ ﺑﺎﺷﺪ؛
Model Summary
Std. Error
of the
Adjuste
R
Mo
Estimate
d R Square
Square
R
del
10205.605
-.008
.002
.049(a)
1
87
Predictors: (Constant), INCASST
a
ANOVA(b)
Mean
Sum of
M
Sig.
F
Square
df
Squares
odel
.626(a)
.240
24959974.
1
249599
Regressio
1
471
74.471
n
10415439
100
104154
Residual
1.200
39120.048
101
104403
Total
99094.520
INCASST
Predictors: (Constant),
a
b Dependent Variable: VAR00002
Coefficientsa
Standardized
Unstandardized
Coefficients
Coefficients
Sig.
t
Beta
Std. Error
B
Model
.001
3.489
1832.281
6393.707
(Constant)
1
.626
.490
.049
9106.492
4457.942
INCASST
a. Dependent Variable: VAR00002
ﺑﺎ ﺗﻮﺟﻪ ﺑﻪ ﺟﺪول 3، از آﻧﺠﺎ ﻛﻪ ﻣﻘﺪار sig ﺑﻪ دﺳﺖ آﻣﺪه (0.626) ﺑﺰرﮔﺘﺮ از 0.05 اﺳﺖ، ﭘﺲ ﻓـﺮض ﺻـﻔﺮ رد و
ادﻋــــﺎي ﻃــــﺮح ﺷــــﺪه در ﻣــــﻮرد ﻋــــﺪم وﺟــــﻮد ارﺗﺒــــﺎط ﻣﻴــــﺎن دو ﻣﺘﻐﻴــــﺮ ﺗﺎﻳﻴــــﺪ ﻣــــﻲ ﮔــــﺮدد.
۶۶
.2-1-2 ﺑﻴﻦ وﺟﻪ ﻧﻘﺪ (currency) و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ راﺑﻄﻪ اي وﺟﻮد ﻧﺪارد.
H0: β = 0
H1: β ≠ 0
Model Summary
Std. Error
of the
Adjuste
R
Mod
Estimate
d R Square
Square
R
el
10160.117
-.008
.002
.041(a
1
53
(
CURRENCY
(Constant),
a Predictors:
ANOVA(b)
Mean
Sum of
Sig.
F
Square
df
Squares
Model
.677(a)
.174
17977662.
1
179776
Regre
1
811
62.811
ssion
10322798
101
104260
Residu
8.225
26810.743
al
102
104440
Total
04473.553
CURRENCY
a Predictors: (Constant),
b Dependent Variable: VAR00002
Coefficientsa
Standardized
Unstandardized
Coefficients
Coefficients
Sig.
t
Beta
Std. Error
B
Model
.000
6.945
1050.059
7292.695
(Constant)
1
.677
-.417
-.041
.009
-.004
CURRENCY
a. Dependent Variable: VAR00002
ﺑﺎ ﺗﻮﺟﻪ ﺑﻪ ﺑﻴﺸﺘﺮ از 0.05 ﺑﻮدن ﻣﻘﺪار sig ﻣﺤﺎﺳﺒﻪ ﺷﺪه (0.677)، ﻟﺬا دﻟﻴﻠﻲ ﺑﺮ رد ﻓﺮض ﺻﻔﺮ ﻳﺎﻓﺖ
ﻧﻤﻲ ﺷﻮد و ادﻋﺎي ﻃﺮح ﺷﺪه در ﺧﺼﻮص ﻋﺪم وﺟﻮد ارﺗﺒﺎط ﻣﻴﺎن وﺟﻪ ﻧﻘﺪ و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ ﺗﺎﻳﻴﺪ
ﻣﻲ ﮔﺮدد.
٧۶
.2-1-3 ﺑﻴﻦ ﻧﺴﺒﺖ داراﻳﻲ ﺟﺎري ﺑﻪ ﺑﺪﻫﻲ ﺟﺎري (casstcli) و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ راﺑﻄﻪ اي وﺟﻮد
ﻧﺪارد.
H0: β = 0
H1: β ≠ 0
Model Summary(b)
Std. Error
Durbin-
of the
Adjuste
R
Mo
Watson
Estimate
d R Square
Square
R
del
1.871
10117.304
.008
.018
.134(a)
1
54
Predictors: (Constant), CASSTCLI
a
b Dependent Variable: VAR00002
ANOVA(b)
Mean
Sum of
Sig.
F
Square
df
Squares
Model
.180(a)
1.827
18701769
1
187017
Regre
1
1.639
691.639
ssion
10235985
100
102359
Residu
1.205
85120.528
al
101
104230
Total
02812.167
CASSTCLI
Predictors: (Constant),
a
b Dependent Variable: VAR00002
a
Coefficients
Standardized
Unstandardized
95% Confidence Interval for B
Coefficients
Coefficients
Upper Bound
Lower Bound
Sig.
t
Beta
Std. Error
B
Model
14287.796
5478.572
.000
4.452
2220.098
9883.184
(Constant)
1
969.602
-5115.209
.180
-1.352
-.134
1533.492
-2072.804
CASSTCLI
a. Dependent Variable: VAR00002
ﺑﺎ ﺗﻮﺟﻪ ﺑﻪ اﻳﻦ ﻛﻪ ﻣﻘﺪار sig ﻣﺤﺎﺳﺒﻪ ﺷﺪه (0.180) ﺑﻴﺸﺘﺮ از 0.05 اﺳﺖ، ﻟﺬا دﻟﻴﻠﻲ ﺑﺮ رد ﻓﺮض ﺻﻔﺮ ﻳﺎﻓﺖ
ﻧﻤﻲ ﺷﻮد و ادﻋﺎي ﻃﺮح ﺷﺪه در ﺧﺼﻮص ﻋﺪم وﺟﻮد ارﺗﺒﺎط ﻣﻴﺎن دو ﻣﺘﻐﻴﺮ ﻳﺎد ﺷﺪه ﺗﺎﻳﻴﺪ ﻣﻲ ﺷﻮد.
٨۶
.2-1-4 ﺑﻴﻦ ﻧﺴﺒﺖ ﻛﻞ ﺑﺪﻫﻲ ﺑﻪ ﻛﻞ داراﻳﻲ (tlitass) و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ راﺑﻄﻪ اي وﺟﻮد ﻧﺪارد.
H0: β = 0
H1: β ≠ 0
Model Summary(b)
Std. Error
Durbin-
of the
Adjuste
R
Mo
Watson
Estimate
d R Square
Square
R
del
1.909
10120.523
.005
.015
.123(a)
1
31
a Predictors: (Constant), TLITASS
b Dependent Variable: VAR00002
ANOVA(b)
Mean
Sum of
Sig.
F
Square
df
Squares
Model
.219(a)
1.527
15643923
1
156439
Regre
1
0.046
230.046
ssion
10242499
100
102424
Residu
2.127
99212.709
al
101
103989
Total
38442.755
TLITASS
a Predictors: (Constant),
b Dependent Variable: VAR00002
a
Coefficients
Standardized
Unstandardized
95 % Confidence Interval for B
Coefficients
Coefficients
Upper Bound
Lower Bound
Sig.
t
Beta
Std. Error
B
Model
9800.111
-2788.507
.272
1.105
3172.580
3505.802
(Constant)
1
15643.479
-3634.673
.219
1.236
.123
4858.475
6004.403
TLITASS
a. Dependent Variable: VAR00002
ﺑﺎ ﺗﻮﺟﻪ ﺑﻪ اﻳﻦ ﻛﻪ ﻣﻘﺪار sig ﻣﺤﺎﺳﺒﻪ ﺷﺪه (0.219) ﺑﻴﺸﺘﺮ از 0.05 اﺳﺖ، ﻟﺬا دﻟﻴﻠﻲ ﺑﺮ رد ﻓﺮض ﺻﻔﺮ ﻳﺎﻓﺖ
ﻧﻤﻲ ﺷﻮد و ادﻋﺎي ﻃﺮح ﺷﺪه در ﺧﺼﻮص ﻋﺪم وﺟﻮد ارﺗﺒﺎط ﻣﻴﺎن دو ﻣﺘﻐﻴﺮ ﻳﺎد ﺷﺪه ﺗﺎﻳﻴﺪ ﻣﻲ ﺷﻮد.
٩۶
.2-1-5 ﺑﻴﻦ درآﻣﺪ ﻓﺮوش (revenues) و ارزش ﮔﺬاري زﻳﺮ ﻗﻴﻤﺖ راﺑﻄﻪ اي وﺟﻮد ﻧﺪارد.
H0: β = 0
H1: β ≠ 0
Model Summary(b)
Std
