The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms
The objective of this study is to examine the effect of mispricing on firm’s investment behavior and capital structure. It also tests the role of the level of financial constraints in the relationship between mispricing , investment and capital structure. Using data of 110 firms of Tehran stock exch...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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University of Tehran
2014-09-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_51177_7ac8aa5ea0431965722b6993f7d48a74.pdf |
| _version_ | 1818421353856892928 |
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| author | Ebrahim Abbasi Maryam Sharifi |
| author_facet | Ebrahim Abbasi Maryam Sharifi |
| author_sort | Ebrahim Abbasi |
| collection | DOAJ |
| description | The objective of this study is to examine the effect of mispricing on firm’s investment behavior and capital structure. It also tests the role of the level of financial constraints in the relationship between mispricing , investment and capital structure. Using data of 110 firms of Tehran stock exchang from 1384-1389, results indicated that mispricing has negative impact to firms investment. However, this effect only slightly different whether on high financial constraint firms (financially constraint) or on low financial constraint firms (less constraint). Moreover, this research also find that mispricing influence firm’s capital structure. Based on the finding in study, it has positive impact to firm’s capital structure. However, mispricing has negative impact to firm’s capital structure in high financial constraint firms. In this study is used of statictical method panel data. |
| first_indexed | 2024-12-14T13:09:01Z |
| format | Article |
| id | doaj.art-1b4bbdf9e40f406190a2a5c0f85d2160 |
| institution | Directory Open Access Journal |
| issn | 1024-8153 2423-5377 |
| language | fas |
| last_indexed | 2024-12-14T13:09:01Z |
| publishDate | 2014-09-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | تحقیقات مالی |
| spelling | doaj.art-1b4bbdf9e40f406190a2a5c0f85d21602022-12-21T23:00:14ZfasUniversity of Tehranتحقیقات مالی1024-81532423-53772014-09-0116228930810.22059/jfr.2014.5117751177The Effect of Mispricing on Investment and Capital Structure of Financial Constraints FirmsEbrahim Abbasi0Maryam Sharifi1Assistant Prof. Financial Management, Faculty of Social Sciences & Economics, Alzahra University, Tehran, IranMSc. in Accounting, Faculty of Management and Economics , Science and Research Islamic Azad University,Tehran, IranThe objective of this study is to examine the effect of mispricing on firm’s investment behavior and capital structure. It also tests the role of the level of financial constraints in the relationship between mispricing , investment and capital structure. Using data of 110 firms of Tehran stock exchang from 1384-1389, results indicated that mispricing has negative impact to firms investment. However, this effect only slightly different whether on high financial constraint firms (financially constraint) or on low financial constraint firms (less constraint). Moreover, this research also find that mispricing influence firm’s capital structure. Based on the finding in study, it has positive impact to firm’s capital structure. However, mispricing has negative impact to firm’s capital structure in high financial constraint firms. In this study is used of statictical method panel data.https://jfr.ut.ac.ir/article_51177_7ac8aa5ea0431965722b6993f7d48a74.pdfpanel datamispricinginvestmentcapital structurefinancial constraints |
| spellingShingle | Ebrahim Abbasi Maryam Sharifi The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms تحقیقات مالی panel data mispricing investment capital structure financial constraints |
| title | The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms |
| title_full | The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms |
| title_fullStr | The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms |
| title_full_unstemmed | The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms |
| title_short | The Effect of Mispricing on Investment and Capital Structure of Financial Constraints Firms |
| title_sort | effect of mispricing on investment and capital structure of financial constraints firms |
| topic | panel data mispricing investment capital structure financial constraints |
| url | https://jfr.ut.ac.ir/article_51177_7ac8aa5ea0431965722b6993f7d48a74.pdf |
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