The impact on the ownership structure and capital structure of listed companies in Tehran Stock Exchange

Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 12

Abstract

The aim of this study was to evaluate the impact of the ownership structure and capital structure of listed companies on the Stock Exchange in Tehran. Thus, during the years 1385 to 1393 , 186 companies as samples, were tested using a multiple regression model hypotheses. The Tobin's Q ratio (Tobins Q) and return on assets (ROA) has been used as an indicator of the performance of companies. Ownership structure were examined through the mechanisms of institutional shareholders, shareholder equity and capital structure of modules and focus on indicators of long-term debt-to-equity ratio and the ratio of equity debts. In general, hypothetical test results showed that among the mechanisms of ownership structure, institutional shareholders has a significant positive correlation with Tobin's Q ratio and shareholder block has a significant positive correlation with the rate of return on assets. Results also showed that the capital structure has a significant negative correlation with the performance of firms. Keywords: ownership structure, capital structure, institutional shareholders, shareholder block, focus stock

Authors and Affiliations

Abazar Mahmoudy, Yosef Asadzadeh, Farhad Moradpour, Somayeh Safdariyan

Keywords

Related Articles

The applicability evaluation and countermeasures of the Law of the People's Republic of China on Product Quality

Good order is the foundation of all good things”, “Product Quality Law” is a regulator to establish good and competitive order.By combing the development process within and outside the Product Quality Law, this paper con...

A Literature Review of China's Aging Finance - Based on Service Perspective

Abstract:The number of the elderly is growing rapidly in China's population structure, has more than 212 million (data from the China Aging Research Center), china is becoming a country that has the oldest people. Faced...

Stratigraphic Division and Comparative Study of Yanchang Formation in Pingbei Exploration Area

Abstract:The extension of the Pingbei exploration area is an important oil and gas replacement area of Xingzichuan oil production plant.The drilling and logging, logging and logging analysis are used to select the Shijia...

The Future of the Tourism Industry in the Wake of Terrorism: An Analysis

Abstract:Terrorism, and its attendant effects, has become a global concern with both developed and developing countries experiencing an exponential increment in terrorist-related incidents. Due to the strength of the ind...

How Are Welfare Levels Affected by Changing Transaction Efficiencies? -A Theoretical Model for Dual Opening up and Unbalanced Development

Abstract: In this theoretical study, we revisit the old Ricardian model of comparative advantage. Following an inframarginal methodology, we build an extended theoretical model based on the concepts of comparative advant...

Download PDF file
  • EP ID EP383248
  • DOI -
  • Views 76
  • Downloads 0

How To Cite

Abazar Mahmoudy, Yosef Asadzadeh, Farhad Moradpour, Somayeh Safdariyan (2015). The impact on the ownership structure and capital structure of listed companies in Tehran Stock Exchange. Scholars Journal of Economics, Business and Management, 2(12), 1198-1203. https://europub.co.uk/articles/-A-383248