International Science Community Association Research Journal of Recent Sciences 2277 - 2502 4 8 2015 August 2 Relationship between Financial Characteristics of Companies in Cement Industry and Their Stock Returns in Tehran Stock Exchange 77 83 EN H. Saleem 1 Department of Management Sciences, Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad, PAKISTAN Khan M.A. 2 Alireza Miremadi 1 Sharif University of Technology, International Campus, IRAN EtemadolesllamiBakhtiyari Ali 2 Arash Dorvash 3 Mohammad Aghania 1 Department of management Limkokwing University, Limkokwing Cyberjaya, Malaysia Peyman Attariani 2 Babak Afshar 3 Behnaz Torabi 4 Mohammad Aghaei 1 Department of Business Management, Branch, Tarbiat Moddares University (TMU), Tehran, IRAN Abdolmaleki Sobhan 2 Institute for Management and Planning Studies, IMPS, Tehran, IRAN Amin Asadollahi 3 Department of Business Management, Science and Research Branch, Islamic Azad University, Tehran, IRAN MahinEslami Shahrbabaki 1 Psychiatry Department, Shahid Beheshti hospital, Kerman University of Medical Sciences, Kerman, IRAN Hassan Ziaaddini 2 Institue of Neuropharmachology, Psychiatry Department, Shahid Beheshti hospital, Kerman University of Medical Sciences, Kerman, IRAN Saeedi Hamed 3 Neurology Research Center, Kerman University of Medical Sciences, Kerman, IRAN Khorasani Farshid 4 Neuroscience Research Center, Institue of Neuropharmachology, Kerman University of Medical Sciences, Kerman, IRAN Moghaddam Pourhassan 1 Khorasgan branch, Islamic Azad University, Esfahan, IRAN Mahmud 2 LotfiAhmad Reza 3 Yaghoubi Yaghoub 1 Department of Mechanical Engineering, Khomeinishahr Branch, Islamic Azad University, Khomeinishahr, Isfahan, IRAN Karimian Majid 2 Department of Engineering, Tiran Branch, Islamic Azad University, Tiran, IRAN Kamran Amini 3 Shah RajeshKumar 1 Deptt. of Zoology, D.H.S.K. College, Dibrugarh, Assam, INDIA Das Loveleena 2 Deptt. of Life Sciences, Dibrugarh University, Assam, INDIA Bakhtyarabaslo 1 Islamic Azad University Central Tehran Branch, Faculty of Law, Tehran, IRAN Leila Noroozi 2 MohammadAli Abdolv 1 Department of Business Management, Science and Research Branch, Islamic Azad University (I.A.U), Tehran, IRAN MohammadJavad Taghipourian 2 HarishM.A. Nayaka 1 Department of Sugar Technology, Sir. M. Visvesvaraya Post Graduate Centre, University of Mysore, Mandya, 571 402, Karnataka, INDIA Chandrakanth Vinutha 2 Department of Biochemistry, Adichunchanagiri Biotechnology and Cancer Research Institute, Balagangadharanatha Nagara, 571 448, Nagamangala Taluk, Mandya, Karnataka, INDIA M.S.Lingaiah Prabhu 3 Shivalingaiah Sudarshan 4 Parikh KinjalV. 1 Division of Marine Biology, Department of Zoology, Faculty of Science, The M. S. University of Baroda, Vadodara-390002, Gujarat, INDIA D. ShahPinal 2 Pandya Khushali M. 3 Mankodi PradeepC. 4 Arezoo Momenian 1 Faculty of Art and Architecture, University of Zabol, IRAN Meysam Zekavat 2 Zaheri Fahimeh 1 Department of Management, Hormozgan University, IRAN Barkhordary Shokat 2 Department of Managementand Accounting,Sistan and Baluchestan University, IRAN > Research Article 2013 11 29 2015 August 2 The aim of investors for investment is gaining returns. To this end and for maximizing the return, investors seek for identifying factors effective on return so that they can use them for predicting their investment's return. In the current work, relationship between financial characteristics of the companies and stock return in Tehran Stock Exchange in 2004-2011 is investigated. Financial characteristics include firm size, return on equity (ROE), return on assets (ROA), price-earnings ratio, book – market equity ratio, profit margin, profitability and financial leverage. Panel data method was used for data analysis and the results showed that the variables of firm size, book- market equity ratio, return on assets, and return on equity are significantly related to stock returns, but no relationship was observed between margin profit, financial leverage, and price-earnings ratio with stock returns. Copyright@ International Science Community Association