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Investigating the Relationship between Capital Structure and Company Value in Iranian Stock Market
Journal: Iranian Journal of Business and Economics
Issue: Iranian Journal of Business and Economics (Volume: 5, Issue: 4)
Author: Kimia Mansoorian , Abdol Karim Moghaddam
Keywords : assets , company value , debt , Capital structure
Abstract:

The capital structure represents the ratio of capital to different sources. One of the duties of financial managers is the increase of shareholders' wealth, and one of the major concerns of managers is to determine the composition of the company's capital structure. The discussion of capital structure refers to how the company finances sources of finance, such as short-term debt, bonds, long-term debt, preferred shares and ordinary shares. This research investigates the relationship between capital structure and company value in the Iranian stock market. The statistical population of this research is all active companies in Tehran Stock Exchange between2012-2017. The purpose of this research is to investigate "applied" and "descriptive". The results of the research showed that there is a significant and inverse relationship between the total debt to assets and the value of the company in the Iranian stock market. Also, there is a significant relationship between the price to book value and the value of the company in the stock market in Iran. Finally, there is a meaningful relationship between the price to earnings ratio and the value of the company in the stock market in Iran.

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