Evaluation of the financial performance of the companies listed in the capital market of Iran

The capital market, is in charge of equipping, attracting financial resources and directing funds toward productive and employment activities, also plays the role of financing for enterprises and economic institutions. Listing new companies brings numerous benefits to them. Therefore, in this research, the financial performance of the companies listed in Tehran Stock Exchange and Iran Fara Bourse was evaluated using the financial ratios index. For this purpose, the average of each of the financial ratios for the three-years period before the initial offering and the three-years period after the initial offering in the capital market was calculated and then using the paired comparison test(T test), we measured the changes in each of the financial ratios during the periods mentioned. In order to study each group of financial ratios, a hypothesis was developed and a pair comparison test(T test) was applied to each of the existing financial ratios. The results of this test did not substantiate any changes in financial ratios during the periods considered.