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Explanation of the capital structure with an emphasis on the life cycle in Iranian companies admitted to the Tehran Stock Exchange
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Mirjavad Seydanejad1   , Saeed Jabarzadeh Kangar Loui2 , Jamal Bahri Sales3 , Manije Ramshe4 |
1- Doctoral student of accounting department, Urmia Branch, Islamic Azad University, Urmia, Iran
2- Associate Professor, Department of Accounting, Urmia Branch, Islamic Azad University, Urmia, Iran , s.jabbarzadeh@iaurmia.ac.ir
3- Associate Professor, Department of Accounting, Urmia Branch, Islamic Azad University, Urmia, Iran
4- Assistant Professor, Department of Accounting, Faculty of Economic and Administrative Sciences, University of Qom, Qom, Iran |
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Abstract: (261 Views) |
In economics and management, the life cycle of companies and institutions is divided into stages. In the literature of these sciences, models with several stages have been presented for the life cycle, in the framework of these models, institutions and companies follow a specific policy and policy according to each stage of their economic life. These policies are reflected in the accounting information of companies. In the field of accounting, some researchers have investigated the effect of the company's life cycle on accounting information. The purpose of this article was to investigate and explain the capital structure with an emphasis on the life cycle of Iranian companies admitted to the Tehran Oraqeb Bahadar Stock Exchange. For this purpose, the statistical information of the companies admitted to the Tehran Stock Exchange in the period of 1390-1401 and the panel data method were used. The results of this study showed that the life cycle had a negative and significant effect on the capital structure of the company.
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Article number: 8 |
| Keywords: capital structure, life cycle, financing, leverage, panel data |
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Full-Text [PDF 1058 kb]
(79 Downloads)
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Article type: Research |
Subject:
Special
Received: 2024/04/9 | Accepted: 2024/05/18 | Published: 2024/12/30
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