Open AccessCapital Structure and (internal and external) Financing in Corporations of Accepted in Tehran Stock Exchange
Author(s) -
Bahareh Jamshidi,
Mohammad Nazaripour
Publication year - 2020
Publication title -
journal of management and accounting studies
Language(s) - English
Resource type - Journals
ISSN - 2693-8448
DOI - 10.24200/jmas.vol6iss03pp12-16
Subject(s) - stock exchange , external financing , capital structure , finance , business , leverage (statistics) , internal financing , sample (material) , panel data , corporate finance , economics , econometrics , information asymmetry , debt , chemistry , chromatography , machine learning , computer science
Objective: Companies’ managements have various resources and different methods of financing at their disposal to provide required cash for capital expenses and company operations. The main purpose of this research is investigating the relationship between capital structure and financing in Corporations. Methodology: Statistical sample size of the research included 147 Corporations of Accepted in Tehran Stock Exchange between 2009 and 2015 (A 7-year period). To test the hypotheses of the research we used panel data method. Results: Research findings show that financial leverage and internal and external financing have a positive and direct relationship. Conclusion: Despite this, findings show a direct and significant relationship of capital structure and reverse and significant relationship of internal and external financing in active companies in Iran`s capital market.