The effect of the Structure of Sources Financing on Operating Performance with an Emphasis on the Role of Strategic Ownership and Financial Restatements of Corporate Admitted to the Tehran Stock Exchange
Subject Areas : Stock Exchange
Hossein Eslami Mofid Abadi
1
(Department of Accounting and Management, Shahryar Branch, Islamic Azad University, Shahryar, Iran)
Soniya Maraghe
2
(Masters Student in Financial Management, Department of Accounting and Management, Shahryar Branch, Islamic Azad University, Shahryar, Iran)
Marzieh Ebrahimi Shaghaghi
3
(Department of Accounting and Management, Shahryar Branch, Islamic Azad University, Shahriar, Iran)
Keywords: operational performance, Capital Structure, statements of financial statements, strategic finance,
Abstract :
This research was conducted with the aim of investigating the effect of the structure of financing sources on operational performance with a focus on the role of strategic ownership and re-presentation of financial statements of companies admitted to the Tehran Stock Exchange. The research method was descriptive-survey, the time period studied was from 2013 to 2018 and the statistical sample of the research included 171 companies. The data and information of the research has been collected through library sources and referring to the financial statements of the companies admitted to the Tehran Stock Exchange in the form of (field). Multivariate regression and statistical tests (Durbin-Watson (D-W) test, Kolmogorov-Smirnov, Dickey-Fuller (DF), Augmented Dickey-Fuller (ADF), Phillips-Perron (PP), and LM-ARCH) using EViews software version 9. Finally, to determine the significance of the linear regression equation, the Fisher test (F-test) and for the significance of the coefficients, the T-student (T-test) were employed. Therefore, the findings of this research show that due to the role of strategic ownership and re-presentation of financial statements, the structure of financing sources has a significant effect on the operational performance of companies accepted in Tehran Stock Exchange.
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