Research Article | OPEN ACCESS
The Impact of Capital Structure and Ownership Structure on Firm Performance: A Case Study of Iranian Companies
1Hossein Nabiei Boroujeni, 2Mohammad Noroozi, 3Massoud Nadem and 2Arezoo Aghaei Chadegani
1Department of Accounting, Farsan Branch, Islamic Azad University, Farsan, Iran
2Department of Accounting, Mobarakeh Branch, Islamic Azad University, Mobarakeh, Isfahan, Iran
3Department of Accounting, Payame Noor University, P.O. Box 193953697, Tehran, Iran
Research Journal of Applied Sciences, Engineering and Technology 2013 22:4265-4270
Received: March 05, 2013 | Accepted: March 29, 2013 | Published: December 05, 2013
Abstract
This study examines the effect of capital structure and ownership structure on Firm’s performance using sample of 123 companies listed on Tehran Stock Exchange (TSE) during eight-year period, 2001-2008. We adopt rate of return on assets as a measure of firm’s performance. The research results show that capital structure and ownership structure have a positive impact on the performance of companies listed on TSE. This study indicates consistency with prior empirical researches and also all research subsidiary hypotheses are consistent with the theoretical assumptions and all of them have been approved.
Keywords:
Capital structure, firm, ownership structure, rate of return on assets, Tehran stock exchange,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
|
|
 |
ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
 |
| Information |
|
|
|
|
| Sales & Services |
|
|
|
|
