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
The Effect of Targeted Subsidies on Energy Consumption in Selected Teaching Hospitals of Mashhad University of Medical Sciences, Iran
The energy is one of main factor of production in the world; However, we observe wasting energy in public sections and specially hospitals. Regarding to economical reform's implementation of targeted subsidies, the res...
Technology-Based Self Service and Performance of Banks Listed in the Nairobi Securities Exchange, Kenya
Abstract:The objective of the study was to assess the effect of Technology-based self service (TBSS) on performance of banks quoted in the Nairobi Securities Exchange. The relevant primary data were gathered from Informa...
International Business Negotiations: Structures and Principles
Abstract:This articleat issuethe structure ofthe negotiation, negotiationparametersandprinciples. Specialliteratureexamines a number ofbargainingmodels, in this workthe author presentsa typology ofnegotiationmodels(elect...
Forensic Accounting Education in Nigeria: The Perspectives of Academics
Abstract:This study examined forensic accounting education in Nigeria from the perspective of accounting academics. Nine (9) federal universities offering accounting programmes were selected for the study. Data were coll...
Assessing the Relationships between Transformational Leadership and Employees’ Engagement in North Gondar Zone Public Preparatory School Teachers, Ethiopia
Abstract: In the unpredictable futures, in which the war for talent is endemic, organizations are increasingly taking interest in how not only to retain their talent, but also to optimize their leadership and engagement...