The relation between firm growth and stock returns of nonfinancial firms in Egyption stock exchange

Abstract EN

The main purpose of the research is to investigate whether there is a relation between firm growth and stock returns in Egyptian Stock Exchange.

Sample size of the study is 77 firms of nonfinancial firms listed on Egyptian Stock Exchange.

The required data were collected from firms ' financial statements from 2010 - 2014.

Firm growth is calculated by two measures ich are: Total asset growth, and sales Weighted fixed asset growth.

Stock return is calculated using the appreciation in stock price divided by the original price for each period.

Panel model estimation was used in the analysis.

Results of the analysis revealed that there is no association between total asset growth and stock returns, there is positive association between sales weighted fixed asset growth and stock returns.