The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms
Abstract In recent years, with the expansion of family-owned companies in emerging economies, carrying out numerous studies is necessity. To this purpose, the present study investigates financial structure relationship in such firms. We try to compare the cash holdings, financing through long-term-d...
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| Format: | Article |
| Language: | fas |
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Alzahra University
2018-04-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_3226_89f199feb0c1a1b7f9108bccb86b0150.pdf |
| _version_ | 1819157384782675968 |
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| author | Mohammad Hossein Vadieei Mostafa Ghannad Hengameh Nazari |
| author_facet | Mohammad Hossein Vadieei Mostafa Ghannad Hengameh Nazari |
| author_sort | Mohammad Hossein Vadieei |
| collection | DOAJ |
| description | Abstract In recent years, with the expansion of family-owned companies in emerging economies, carrying out numerous studies is necessity. To this purpose, the present study investigates financial structure relationship in such firms. We try to compare the cash holdings, financing through long-term-debts and dividends paid in family firms and comparison them with non-family firms. The sample of this study includes 27 family firms and 105 non-family firms in a 10-year-priod from 2005 to 2014 in Tehran Stock Exchange Market. The results show that a part of a firm's equity owned by the founder or a member of the family affects the usage of cash, debt structure and dividend policy. In other words, family firms usually less depend on funding through long-term-debts, pay less dividend and hold more cash. |
| first_indexed | 2024-12-22T16:07:55Z |
| format | Article |
| id | doaj.art-2d17994b3170403381c6b3318e1aec0f |
| institution | Directory Open Access Journal |
| issn | 2345-3214 2538-1962 |
| language | fas |
| last_indexed | 2024-12-22T16:07:55Z |
| publishDate | 2018-04-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj.art-2d17994b3170403381c6b3318e1aec0f2022-12-21T18:20:33ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622018-04-0161255210.22051/jfm.2018.12094.11633226The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family FirmsMohammad Hossein Vadieei0Mostafa Ghannad1Hengameh Nazari2Associate Professor of Accounting, Ferdowsi University of Mashhad, IranPh.D Student of Accounting, Shahid Beheshti University of Tehran, IranMA of Accounting, Ferdowsi University of Mashhad, Mashhad, IranAbstract In recent years, with the expansion of family-owned companies in emerging economies, carrying out numerous studies is necessity. To this purpose, the present study investigates financial structure relationship in such firms. We try to compare the cash holdings, financing through long-term-debts and dividends paid in family firms and comparison them with non-family firms. The sample of this study includes 27 family firms and 105 non-family firms in a 10-year-priod from 2005 to 2014 in Tehran Stock Exchange Market. The results show that a part of a firm's equity owned by the founder or a member of the family affects the usage of cash, debt structure and dividend policy. In other words, family firms usually less depend on funding through long-term-debts, pay less dividend and hold more cash.http://jfm.alzahra.ac.ir/article_3226_89f199feb0c1a1b7f9108bccb86b0150.pdfCash HoldingFundingLong Term DebtDividend PayFamily Firms |
| spellingShingle | Mohammad Hossein Vadieei Mostafa Ghannad Hengameh Nazari The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms راهبرد مدیریت مالی Cash Holding Funding Long Term Debt Dividend Pay Family Firms |
| title | The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms |
| title_full | The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms |
| title_fullStr | The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms |
| title_full_unstemmed | The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms |
| title_short | The Comparison of the Structure of Liquidities, Funding via Long-Term-Debts and Dividends in Family & Non Family Firms |
| title_sort | comparison of the structure of liquidities funding via long term debts and dividends in family non family firms |
| topic | Cash Holding Funding Long Term Debt Dividend Pay Family Firms |
| url | http://jfm.alzahra.ac.ir/article_3226_89f199feb0c1a1b7f9108bccb86b0150.pdf |
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