The Effect of Political Relevance on the Rate of Adjustment of Financial Leverage in Listed Companies of Tehran Stock Exchange
الموضوعات :
Negar Baygan
1
(Master of Accounting, Department of Accounting, Payame Noor University, Tehran, Iran.)
Seyed Mahmoud Mousavi Shiri
2
(Associate Professor, Department of Accounting, Payame Noor University, Tehran, Iran.)
الکلمات المفتاحية: Adjustment Speed, Financial Leverage, Political Communication.,
ملخص المقالة :
Objective: The main purpose of this study is to investigate the effect of political communication on the speed of adjustment of financial leverage . Method: In order to achieve the research objectives, a sample of 130 listed companies in the stock exchange that were selected according to systematic exclusion pattern was collected for a 7-year period from 2016 to 2022. To test the research hypotheses, a linear multivariate regression model was used. Findings: testing the research hypotheses¬showed that the financial leverage of the firm depends on the speed of its adjustment during its periods, but political communication does not affect the speed of adjustment of the financial leverage. Conclusion:Current research provided evidence that the political relations of managers could not¬ help them¬to develop financial leverage.
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