Analyzing the Impacts of Credit Development on Exporting Probability of Companies Listed In Tehran Stock Exchange (Test)
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 6
Abstract
In modern world of industry and trades, exports and competitive powerare crucial to manufactures while credit development is essential to exports.This research, via the adoption of Logit model, attempted to analyze the impacts of financialdevelopment on the probability of exports by companies listed in Tehran Stock Exchange (TSE) during 2008 -2014 time period. The statistical population covered 102 companies listed in Tehran Stock Exchange (TSE). Considering the analyses, findings and the research results, it is held that the impacts of the independent indicator of financial development (which in turn is computed from base capital ratio to risky assets) on virtual dependent indicator of 0 and 1 of export probability would be 1 in case of export probability and 0 if proved otherwise are positive and significant. Considering the fact that improved capital adequacy results in increased base capital of firms or lowered risky assets,it could be concluded thatfinancial development enhances investments in production and consequently the volume of exports in the sample companies. The findings could greatly contribute to description and analyses of financial reporting settings that may provide shareholders and investors with correct and accurate information for selection of outperforming firms.
Authors and Affiliations
Maryam Fahmideh
Keywords
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- EP ID EP411669
- DOI 10.9790/487X-2006047381.
- Views 64
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