The relationship between capital structure and business cycle in companies listed on Tehran Stock Exchange
DOI:
https://doi.org/10.24200/jmas.vol5iss02pp29-32Abstract
The aim of this study was to investigate the relationship between the business cycle and capital structure of the company is listed on the Tehran Stock Exchange. Methodology: In this study, data collection and information you need, the library and documentary methods used Accordingly, theory and literature of Latin books and professional journals and selected explanatory notes Companies, CDs, video archives and statistical Tehran Stock Exchange Persian be collected. Results: Then the data necessary to test hypotheses by reference to the financial statements, website, stock securities and other related databases and software management of the mining process. Mansour to the relationship between the variables of the software Eviews is used. Conclusion: The results of this study indicate that the business cycle and the capital structure of listed companies in Tehran Stock Exchange is significant.References
Afza, T., & Hussain, A. 2011. Determinants of capital structure: A case study of automobile sector of Pakistan. Interdisciplinary Journal of Contemporary Research in Business, 2(10), 219-230.
Alavinasab, S. M., & Davoudi, E. 2013. Studying the relationship between working capital management and profitability of listed companies in Tehran stock exchange. Business Management Dynamics, 2(7), 1.
Alti, A. 2006. How persistent is the impact of market timing on capital structure?. The Journal of Finance, 61(4), 1681-1710.
Baker, M., &Wurgler, J. 2002. Market timing and capital structure. The journal of finance, 57(1), 1-32.
Bradshaw, M. T., Richardson, S. A., & Sloan, R. G. 2006. The relation between corporate financing activities, analysts’ forecasts and stock returns. Journal of Accounting and Economics, 42(1-2), 53-85.
Brennan, M. J., & Schwartz, E. S. 1984. Optimal financial policy and firm valuation. The journal of finance, 39(3), 593-607.
Cadsby, C. B., Frank, M., &Maksimovic, V. 1990. Pooling, separating, and semiseparating equilibria in financial markets: Some experimental evidence. The Review of Financial Studies, 3(3), 315-342.
Chen, J., & Strange, R. 2005. The determinants of capital structure: Evidence from Chinese listed companies. Economic Change and Restructuring, 38(1), 11-35.
Fallahi, S., Abbaszadeh, M. R., VadieiNowghabi, M. H., &JabbariNooghabi, M. 2013. An Investigation of Intellectual Capital Changes during Company s Life Cycle: Evidence from Tehran Stock Exchange. Interdisciplinary journal of contemporary research in business, 5.
Fazlzadeh, A., Hendi, A. T., &Mahboubi, K. 2011. The examination of the effect of ownership structure on firm performance in listed firms of Tehran stock exchange based on the type of the industry. International Journal of Business and Management, 6(3), 249.
Maradi, M., Salehi, M., &Arianpoor, A. 2012. A comparison of working capital management of chemical and medicine listed companies in Tehran Stock Exchange. International Journal of Business and Behavioral Science, 2(5), 62-78.
Mwangi, L. W., Makau, M. S., &Kosimbei, G. 2014. Relationship between capital structure and performance of non-financial companies listed in the Nairobi Securities Exchange, Kenya. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics, 1(2), 72-90.
