video

sound

Persian Version

View:

235

Download:

0

Cites:

Information Journal Paper

Title

ANALYSIS OF THE RELATIONSHIPS BETWEEN CAPITAL STRUCTURE AND CUMULATIVE ABNORMAL RETURNS (CASE STUDY: TEHRAN SECURITIES EXCHANGE)

Pages

 Start Page 53 | End Page 65

Abstract

 The main purpose of this article is to analyze the effects of the CAPITAL STRUCTURE on the CUMULATIVE ABNORMAL returns to reach such a goal we select information of 44 firms in the years 1376-1386. Multiple regressions (stepwise method) were used to test the hypothesis and their meaning fulness was reached by using t and F statistics. On the other hand, the Durbin-Watson test was applied to examine the autocorrelation of the model. The results showed that: Leverage doesn’t have a meaningful impact on the CUMULATIVE ABNORMAL returns; Systematic risk, P/E ratio, BM ratio and the size of the firm would significantly affect the CUMULATIVE ABNORMAL returns.

Cites

  • No record.
  • References

  • No record.
  • Related Journal Papers

    Related Seminar Papers

  • No record.
  • Related Plans

  • No record.
  • Recommended Workshops






    File Not Exists.