the Reason of Different Capital Structure in Iran in Comparison with Asia Pacific Countries

Subject Areas :

Rassol Naeempoor ¹ , ALI Nemati ² , Maasomeh Alavi ³

1 - مدرس دانشگاه ازاد اسلامی واحد شهر ری
2 - عضو هئیت علمی دانشگاه آزاد اسلامی واحد تهران مرکزی
3 - عضو هئیت علمی دانشگاه آزاد اسلامی واحد تهران مرکزی

Received: 2015-05-09 Accepted : 2015-05-09 Published : 2012-05-21

Keywords: Tehran Stock Exchange Market, Investment Structure (Financial Leverage), Circulation of Assets, Current ratio, Size of Organization, Return on investment,

Abstract :

Investment structure of companies (financial leverage), doubtlessly, has a significant role to make decision for investment. The studies show that there is a relation between investment structure (financial leverage) and other factors such as rate of return of assets, profit of shares, changes of profit, profit division percent, size of company, and capital market value than value volume of the rights of share holders. The target to consider investment market is to define the structure of financial resources in order to maximize wealth of share holders. Theoretical framework of this research and also other researches is an appropriate database for such this purpose. There is no doubt that there will be a lot of problems in practice because the investment of shareholders is affected by too many factors among which we can mention investment structure (financial leverage).So financial managers of companies pay their attention to the effects of various methods to provide financial resources and evaluate the effect of different financial structures on investment of share holders. The aim of this research is to consider defining factors and the relation between investment structure and above-mentioned factors in the companies which are accepted in Tehran Stock Exchange Market. According to this target, we have ed 88 companies among the statistical society which provide our required data for an 8-year period of research (2002 to 2009). "Compound Regression" method is used to test research theories and "Significant Test Patterns" is done by F and t parameters. 

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