A Study on the Relationship between the Presence of Institutional Shareholders, Bank Shareholders and the Cost of Financing Firms
Academic Journal of Accounting and Economic Researches
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Title |
A Study on the Relationship between the Presence of Institutional Shareholders, Bank Shareholders and the Cost of Financing Firms
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Creator |
Khoshnood, Samin
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Description |
http://dx.doi.org/10.20286/ajaer-0502239The present study seeks to obtain evidence regarding the relationship between the presence of institutional investors, bank shareholders and financial costs of listed firms in Tehran Stock Exchange. To achieve this goal, the information of 188 firms is collected through the financial statements of firms listed in the stock market, and analyzed through R and spss statistical software and combined data. In this study, the presence of institutional investors and shareholders of the bank is evaluated as the independent variable and financial costs as the dependent variable. Based on Albring Model (2014), two indices are studied as the variables of financing. According to the results of research hypotheses, the existence of a significant relationship between the variables of institutional investors’ presence and firm growth, due to the reduction of financial costs, debt-to-asset ratio and dividends on assets ratio, taking into account internal growth rate, has been approved. In addition, the presence of this relationship is confirmed about debt-to-asset ratio with regard to the variable of short-term growth rate.
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Publisher |
Academic Journal of Accounting and Economic Researches ISSN 2333-0783
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Contributor |
—
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Date |
2016-05-18
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/239
10.20286/ajaer-0502239 |
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Source |
Academic Journal of Accounting and Economic Researches ISSN 2333-0783; Vol 5, No 2 (2016): April 2016
2333-0783 2375-7493 |
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Language |
eng
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Relation |
http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/239/170
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Rights |
Copyright (c) 2016 Academic Journal of Accounting and Economic Researches ISSN 2333-0783
http://creativecommons.org/licenses/by-nc/4.0 |
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