the Effect of Macroeconomic Variables on Management Financing Decision
In this study we evaluate the effects of macroeconomic factors on managements financing decision. Inflation rate, exchange rate, economic growth, interest rate and the amount of bank credits are considered as proxies of macroeconomic factors, furthermore the ratio of debt to equity is appointed as t...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2016-09-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_7102_8faee3fbdd4fc0a8b7475e8aef866836.pdf |
| _version_ | 1797378339548168192 |
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| author | Javad Shekarkhah Shekarkhah Keivan Ghasedi Dizaji |
| author_facet | Javad Shekarkhah Shekarkhah Keivan Ghasedi Dizaji |
| author_sort | Javad Shekarkhah Shekarkhah |
| collection | DOAJ |
| description | In this study we evaluate the effects of macroeconomic factors on managements financing decision. Inflation rate, exchange rate, economic growth, interest rate and the amount of bank credits are considered as proxies of macroeconomic factors, furthermore the ratio of debt to equity is appointed as the proxy of managements financing decision. We gather the required data from published information by listed companies in Tehran stock exchange during the period of 1375 to 1390. In order to analyze the data we apply multiple variableregressions based on panel data. Our results show that inflation rate, economic growth rate and interest rate have significant negative relation with managements financing decision. In contrast, our findings show that exchange rate and amount of bank credits have no significant relation with managements financing decision. |
| first_indexed | 2024-03-08T20:06:26Z |
| format | Article |
| id | doaj.art-caa0b7df7fa54820bab94ee75fe87851 |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:06:26Z |
| publishDate | 2016-09-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-caa0b7df7fa54820bab94ee75fe878512023-12-23T10:36:29ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192016-09-0113518712010.22054/qjma.2016.71027102the Effect of Macroeconomic Variables on Management Financing DecisionJavad Shekarkhah Shekarkhah0Keivan Ghasedi Dizaji1استادیار گروه حسابداری دانشگاه علامه طباطباییکارشناس ارشد حسابداری دانشگاه علامه طباطباییIn this study we evaluate the effects of macroeconomic factors on managements financing decision. Inflation rate, exchange rate, economic growth, interest rate and the amount of bank credits are considered as proxies of macroeconomic factors, furthermore the ratio of debt to equity is appointed as the proxy of managements financing decision. We gather the required data from published information by listed companies in Tehran stock exchange during the period of 1375 to 1390. In order to analyze the data we apply multiple variableregressions based on panel data. Our results show that inflation rate, economic growth rate and interest rate have significant negative relation with managements financing decision. In contrast, our findings show that exchange rate and amount of bank credits have no significant relation with managements financing decision.https://qjma.atu.ac.ir/article_7102_8faee3fbdd4fc0a8b7475e8aef866836.pdfmanagements financing decisionmacroeconomic factorsinflation rateeconomic growth rateinterest rateexchange ratebank credits. ∗ |
| spellingShingle | Javad Shekarkhah Shekarkhah Keivan Ghasedi Dizaji the Effect of Macroeconomic Variables on Management Financing Decision مطالعات تجربی حسابداری مالی managements financing decision macroeconomic factors inflation rate economic growth rate interest rate exchange rate bank credits. ∗ |
| title | the Effect of Macroeconomic Variables on Management
Financing Decision |
| title_full | the Effect of Macroeconomic Variables on Management
Financing Decision |
| title_fullStr | the Effect of Macroeconomic Variables on Management
Financing Decision |
| title_full_unstemmed | the Effect of Macroeconomic Variables on Management
Financing Decision |
| title_short | the Effect of Macroeconomic Variables on Management
Financing Decision |
| title_sort | effect of macroeconomic variables on management financing decision |
| topic | managements financing decision macroeconomic factors inflation rate economic growth rate interest rate exchange rate bank credits. ∗ |
| url | https://qjma.atu.ac.ir/article_7102_8faee3fbdd4fc0a8b7475e8aef866836.pdf |
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