Asset and systematic risk

摘要

In?financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset). The study and understanding of risk is of paramount importance to any discussion of the value of a particular firm or enterprise. Most of the basic financial management addresses risk from the perspective of a portfolio or the financial and operating characteristics of the firm.?Systematic risk and asset for 58 companies?(2006 to 2009) from Tehran Stock Exchange is calculated?within a?12-month financial period?by?using the statistic software programs of SPSS and Excel.?In this study,?asset?is considered as an independent variable, and systematic risk (β) is considered as a dependent variable.?According to the results, asset has effect on the systematic risk of listed companies in Tehran Stock Exchange.