Relationship of Capital Structure Choice, Information Asymmetry, and Debt Capacity in Tehran Stock Exchange Listed Companies

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Behbahaninia Parisa Saadat; Akbarian Shurkaei Reza; HOSSEINZADEH FATEMEH

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE Year:2019 | Volume:8 | Issue:4 (24) Page(s): 9-34

Download Full-Text

Persian Verion

View:

344

Download:

Cites:

Information Journal Paper

Title

Relationship of Capital Structure Choice, Information Asymmetry, and Debt Capacity in Tehran Stock Exchange Listed Companies

Author(s)

Behbahaninia Parisa Saadat | Akbarian Shurkaei Reza | HOSSEINZADEH FATEMEH | Issue Writer Certificate

Keywords

Pecking order theoryQ1

Adverse selection costsQ1

Debt capacityQ1

Trade off theoryQ1

Abstract

Information asymmetry costs are the most important driver for firms’ financing decisions that our understanding of this issue will lead to identifying the firms’ behavior. Hence, this study seeks to investigate the predictions of Pecking order theory among companies listed in the Tehran Stock Exchange. In this research, the sample includes 141 companies listed the Tehran Stock Exchange and is during 1390 – 1394 years that is used for testing hypothesis. Evidence show that listed companies do not follow the Pecking order theory, and small firms compared to large firms, use more stock issuance for financing. In addition, performing of Pecking order theory among firms without Debt capacity concerns is better. In addition, results show that explanatory power of Pecking order theory is more than trade-off theory, but it is not remarkable. Overall, result shows that hat the Pecking order theory fails to explain sample firms’ financing choices.

Cites

No record.

References

No record.

Cite

APA: Copy

Behbahaninia, Parisa Saadat, Akbarian Shurkaei, Reza, & HOSSEINZADEH, FATEMEH. (2019). Relationship of Capital Structure Choice, Information Asymmetry, and Debt Capacity in Tehran Stock Exchange Listed Companies. JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE, 8(4 (24) ), 9-34. SID. https://sid.ir/paper/402432/en

Vancouver: Copy

Behbahaninia Parisa Saadat, Akbarian Shurkaei Reza, HOSSEINZADEH FATEMEH. Relationship of Capital Structure Choice, Information Asymmetry, and Debt Capacity in Tehran Stock Exchange Listed Companies. JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE[Internet]. 2019;8(4 (24) ):9-34. Available from: https://sid.ir/paper/402432/en

IEEE: Copy

Parisa Saadat Behbahaninia, Reza Akbarian Shurkaei, and FATEMEH HOSSEINZADEH, “Relationship of Capital Structure Choice, Information Asymmetry, and Debt Capacity in Tehran Stock Exchange Listed Companies,” JOURNAL OF FINANCIAL MANAGEMENT PERSPECTIVE, vol. 8, no. 4 (24) , pp. 9–34, 2019, [Online]. Available: https://sid.ir/paper/402432/en

Related Journal Papers