1. The Impact of Capital Structure on Corporate Performance
- Author
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Mina Tehranypour, Mohammadreza Aala, Mahdi Sadeghi Kashkoueyeh, Mohammadmahdi Talezadeh, Mahdi Ebrahimpour, and Abolfazl Ghadiri Moghaddam
- Subjects
Debt-to-equity ratio ,Financial economics ,Return on equity ,Debt-to-GDP ratio ,Equity value ,Economics ,Debt ratio ,Monetary economics ,Internal debt ,Debt levels and flows ,Capital structure, Corporate Performance and Debts ,Gearing ratio - Abstract
The present study was designed to gather evidence about the relationship between short-term debt, long-term debt with variables such as EPS, return on equity, return on assets and the ratio Q/B. This research was conducted in companies listed in Tehran Stock Exchange. Multiple linear regressions were used to test the hypothesis. In this study, 3 dependent variables, 4 control variables and 3 independent variables are used. Also, 12 hypotheses were provided for this study. The sample of the study consisted of 50 participate in a 5-year period of 2008 to 2012. The findings suggest that there is negative relationship between short-term debt, longterm debt and total debt with returns on equity. Also about four to six hypothesis it became clear that short-term debt and total debt to equity returns are negatively related. In testing hypotheses 7 and 9 showed that short-term debt, long-term debt and total debt is negatively associated with ROA. Also worth noting that in 10 to 12 hypothesis it is showed that there is negative relationship between short-term debt and total debt by Tobin's q.
- Published
- 2015