Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange

This paper investigates the effects of economic and accounting variables on capital structure of the firms accepted in the Tehran Stock Exchange (TSE), using seemingly unrelated regression equations. In this study, the macroeconomic variables of inflation rate, exchange rate, gross domestic product,...

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Autores principales:	Farzad Karimi, Dariush Foroughi, Mohammad Noroozi, Sayyed Mohsen Madine
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	capital structure macroeconomic variables accounting variables seemingly unrelated regression (sur) Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/4a1227e23d9d4f17a17f78f492717dec
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spelling	oai:doaj.org-article:4a1227e23d9d4f17a17f78f492717dec2021-11-04T19:47:05ZEffects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2014.728https://doaj.org/article/4a1227e23d9d4f17a17f78f492717dec2014-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_728_9742c31d9ee4678240e7da45c47e0c8a.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis paper investigates the effects of economic and accounting variables on capital structure of the firms accepted in the Tehran Stock Exchange (TSE), using seemingly unrelated regression equations. In this study, the macroeconomic variables of inflation rate, exchange rate, gross domestic product, interest rate and bank loans, along with the accounting variables of dividend payout and the short-term and long-term debt rates were considered the variables affecting capital structure of the firms accepted in the TSE, using data from 143 firms during 1380 to 1389. The results show that the hypotheses of positive effects of exchange rate, bank loans, dividend payout, short-term debt and long-term debt rates, and of negative effects of inflation rate, gross domestic product, and the interest rate on capital structure of companies in the TSE have been correctly expectedFarzad KarimiDariush ForoughiMohammad NorooziSayyed Mohsen MadineShahid Bahonar University of Kermanarticlecapital structuremacroeconomic variablesaccounting variablesseemingly unrelated regression (sur)Accounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 17, Pp 141-162 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	capital structure macroeconomic variables accounting variables seemingly unrelated regression (sur) Accounting. Bookkeeping HF5601-5689
spellingShingle	capital structure macroeconomic variables accounting variables seemingly unrelated regression (sur) Accounting. Bookkeeping HF5601-5689 Farzad Karimi Dariush Foroughi Mohammad Noroozi Sayyed Mohsen Madine Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
description	This paper investigates the effects of economic and accounting variables on capital structure of the firms accepted in the Tehran Stock Exchange (TSE), using seemingly unrelated regression equations. In this study, the macroeconomic variables of inflation rate, exchange rate, gross domestic product, interest rate and bank loans, along with the accounting variables of dividend payout and the short-term and long-term debt rates were considered the variables affecting capital structure of the firms accepted in the TSE, using data from 143 firms during 1380 to 1389. The results show that the hypotheses of positive effects of exchange rate, bank loans, dividend payout, short-term debt and long-term debt rates, and of negative effects of inflation rate, gross domestic product, and the interest rate on capital structure of companies in the TSE have been correctly expected
format	article
author	Farzad Karimi Dariush Foroughi Mohammad Noroozi Sayyed Mohsen Madine
author_facet	Farzad Karimi Dariush Foroughi Mohammad Noroozi Sayyed Mohsen Madine
author_sort	Farzad Karimi
title	Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
title_short	Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
title_full	Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
title_fullStr	Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
title_full_unstemmed	Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange
title_sort	effects of economic and accounting variables on capital structure of firms in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/4a1227e23d9d4f17a17f78f492717dec
work_keys_str_mv	AT farzadkarimi effectsofeconomicandaccountingvariablesoncapitalstructureoffirmsintehranstockexchange AT dariushforoughi effectsofeconomicandaccountingvariablesoncapitalstructureoffirmsintehranstockexchange AT mohammadnoroozi effectsofeconomicandaccountingvariablesoncapitalstructureoffirmsintehranstockexchange AT sayyedmohsenmadine effectsofeconomicandaccountingvariablesoncapitalstructureoffirmsintehranstockexchange
_version_	1718444589904297984

Effects of Economic and Accounting Variables on Capital Structure of Firms in Tehran Stock Exchange

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