Surveying the Relation between Financing Methods and Future Stock Return
One of the most important fields of management decision making that has important effect on the wealth of stockholders is financing methods of the firm. Companies need financial resources for their current operation & future growth. For financing, companies usually face some limitations; therefo...
| Główni autorzy: | , |
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| Format: | Artykuł |
| Język: | fas |
| Wydane: |
Allameh Tabataba'i University Press
2010-03-01
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| Seria: | مطالعات تجربی حسابداری مالی |
| Hasła przedmiotowe: | |
| Dostęp online: | https://qjma.atu.ac.ir/article_4311_31b38bb196d331bdfb474c5dc067ef63.pdf |
| _version_ | 1827400620160581632 |
|---|---|
| author | Gholamhossein Asadi Alireza Pourbagherian |
| author_facet | Gholamhossein Asadi Alireza Pourbagherian |
| author_sort | Gholamhossein Asadi |
| collection | DOAJ |
| description | One of the most important fields of management decision making that has important effect on the wealth of stockholders is financing methods of the firm. Companies need financial resources for their current operation & future growth. For financing, companies usually face some limitations; therefore company should use its current funds in a way that creates value for both investors & company.
This research intends to investigate whether companies financing methods have an impact on their future returns or not.
We examined 111 firms over the period 1381-1385 selected from Tehran stock exchange.
This research is an empirical study, which investigates the relation between accounting and financial variables by using regression method & Pearson’s correlation coefficient. The methodology of this research is post event study.
Results indicate that there is reverse relation between cash flows from financing activities (cash flows form borrowing) and future stock return. We also find that there is no significant relation between cash flows from issuing bonds and the future stock return.
Overall, the results show that companies were not successful in generating return for their stockholders by using different financing methods. |
| first_indexed | 2024-03-08T20:05:57Z |
| format | Article |
| id | doaj.art-4c95010a8ec44329b749b592076288d0 |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:57Z |
| publishDate | 2010-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-4c95010a8ec44329b749b592076288d02023-12-23T10:34:30ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192010-03-018291391534311Surveying the Relation between Financing Methods and Future Stock ReturnGholamhossein Asadi0Alireza Pourbagherian1استادیار گروه حسابداری دانشگاه شهید بهشتیکارشناس ارشد دانشگاه شهید بهشتیOne of the most important fields of management decision making that has important effect on the wealth of stockholders is financing methods of the firm. Companies need financial resources for their current operation & future growth. For financing, companies usually face some limitations; therefore company should use its current funds in a way that creates value for both investors & company. This research intends to investigate whether companies financing methods have an impact on their future returns or not. We examined 111 firms over the period 1381-1385 selected from Tehran stock exchange. This research is an empirical study, which investigates the relation between accounting and financial variables by using regression method & Pearson’s correlation coefficient. The methodology of this research is post event study. Results indicate that there is reverse relation between cash flows from financing activities (cash flows form borrowing) and future stock return. We also find that there is no significant relation between cash flows from issuing bonds and the future stock return. Overall, the results show that companies were not successful in generating return for their stockholders by using different financing methods.https://qjma.atu.ac.ir/article_4311_31b38bb196d331bdfb474c5dc067ef63.pdffinancing activitiesstock issueborrowingstock return |
| spellingShingle | Gholamhossein Asadi Alireza Pourbagherian Surveying the Relation between Financing Methods and Future Stock Return مطالعات تجربی حسابداری مالی financing activities stock issue borrowing stock return |
| title | Surveying the Relation between Financing Methods and Future Stock Return |
| title_full | Surveying the Relation between Financing Methods and Future Stock Return |
| title_fullStr | Surveying the Relation between Financing Methods and Future Stock Return |
| title_full_unstemmed | Surveying the Relation between Financing Methods and Future Stock Return |
| title_short | Surveying the Relation between Financing Methods and Future Stock Return |
| title_sort | surveying the relation between financing methods and future stock return |
| topic | financing activities stock issue borrowing stock return |
| url | https://qjma.atu.ac.ir/article_4311_31b38bb196d331bdfb474c5dc067ef63.pdf |
| work_keys_str_mv | AT gholamhosseinasadi surveyingtherelationbetweenfinancingmethodsandfuturestockreturn AT alirezapourbagherian surveyingtherelationbetweenfinancingmethodsandfuturestockreturn |