International Business Management
ISSN: OnlineISSN: Print 1993-5250
Abstract
The purpose of this study is to investigate the effect of accounting variables and firm-specific factors on capital structure accepted companies in Tehran Stock Exchange (TSE) during the years of 2009-2013. For this purpose, the systematic elimination method was used and 142 companies have been selected as sample. This type of research is descriptive-correlation and in this study, panel data is used. For testing hypotheses, we have used multivariate regression model and for selecting the most appropriate model among panel data, we have used Chow and Hausman test. The results show that there is a significant positive relationship between the size, dividend payout ratio and earnings volatility and capital structure of accepted companies in TSE and there is a significant negative relationship between profitability, age, growth opportunities, tangible assets and liquidity and capital structure the accepted companies in TSE. But, there is no significant relationship between the non-debt tax shield and capital structure of the accepted companies in TSE.
How to cite this article:
Zabihi Ali and Ramezanzadeh Zeidi Abbas. The Effect of Accounting Variables And Firm-Specific Factors on
Capital Structure: The Accepted Companies in Tehran Stock Exchange.
DOI: https://doi.org/10.36478/ibm.2016.4059.4068
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2016.4059.4068