The Relationship Between Capital Structure and Ownership Structure

This research studies the relationship between capital structure and ownership arrangements in companies listed in Tehran Stock Exchange in a descriptive-correlative inquiry. Using panel data method, four models have been devised for hypotheses testing in a sample consisting of 90 selected firms wit...

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Autores principales:	Gholam Hosein Asadi, Shapoor Mohammadi, Esmaeil Khorram
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	leverage capital structure institutional investors ownership arrangements Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/81b8d801fec54c539e142cf40aab7c71
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id	oai:doaj.org-article:81b8d801fec54c539e142cf40aab7c71
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spelling	oai:doaj.org-article:81b8d801fec54c539e142cf40aab7c712021-11-04T19:40:24ZThe Relationship Between Capital Structure and Ownership Structure2008-89142476-292X10.22103/jak.2011.32https://doaj.org/article/81b8d801fec54c539e142cf40aab7c712011-03-01T00:00:00Zhttps://jak.uk.ac.ir/article_32_63e5f2add05ad0cb62e6632f3a7edb3b.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research studies the relationship between capital structure and ownership arrangements in companies listed in Tehran Stock Exchange in a descriptive-correlative inquiry. Using panel data method, four models have been devised for hypotheses testing in a sample consisting of 90 selected firms within 1382-87. The findings are indicative of an inverse significant relationship between capital structure and ownership arrangements. The relationship may reduce agency costs as institutional investors play a substantial role in transferring information and influencing the firm value. In this relationship, while it is not clear that the capital structure is the source of change in the ownership arrangements or vice versa, it seems necessary for investors and creditors to consider both of them in their decisions, concerning investment in the firm.Gholam Hosein AsadiShapoor MohammadiEsmaeil KhorramShahid Bahonar University of Kermanarticleleveragecapital structureinstitutional investorsownership arrangementsAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 4, Pp 29-48 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	leverage capital structure institutional investors ownership arrangements Accounting. Bookkeeping HF5601-5689
spellingShingle	leverage capital structure institutional investors ownership arrangements Accounting. Bookkeeping HF5601-5689 Gholam Hosein Asadi Shapoor Mohammadi Esmaeil Khorram The Relationship Between Capital Structure and Ownership Structure
description	This research studies the relationship between capital structure and ownership arrangements in companies listed in Tehran Stock Exchange in a descriptive-correlative inquiry. Using panel data method, four models have been devised for hypotheses testing in a sample consisting of 90 selected firms within 1382-87. The findings are indicative of an inverse significant relationship between capital structure and ownership arrangements. The relationship may reduce agency costs as institutional investors play a substantial role in transferring information and influencing the firm value. In this relationship, while it is not clear that the capital structure is the source of change in the ownership arrangements or vice versa, it seems necessary for investors and creditors to consider both of them in their decisions, concerning investment in the firm.
format	article
author	Gholam Hosein Asadi Shapoor Mohammadi Esmaeil Khorram
author_facet	Gholam Hosein Asadi Shapoor Mohammadi Esmaeil Khorram
author_sort	Gholam Hosein Asadi
title	The Relationship Between Capital Structure and Ownership Structure
title_short	The Relationship Between Capital Structure and Ownership Structure
title_full	The Relationship Between Capital Structure and Ownership Structure
title_fullStr	The Relationship Between Capital Structure and Ownership Structure
title_full_unstemmed	The Relationship Between Capital Structure and Ownership Structure
title_sort	relationship between capital structure and ownership structure
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/81b8d801fec54c539e142cf40aab7c71
work_keys_str_mv	AT gholamhoseinasadi therelationshipbetweencapitalstructureandownershipstructure AT shapoormohammadi therelationshipbetweencapitalstructureandownershipstructure AT esmaeilkhorram therelationshipbetweencapitalstructureandownershipstructure AT gholamhoseinasadi relationshipbetweencapitalstructureandownershipstructure AT shapoormohammadi relationshipbetweencapitalstructureandownershipstructure AT esmaeilkhorram relationshipbetweencapitalstructureandownershipstructure
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The Relationship Between Capital Structure and Ownership Structure

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