The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange

This study is an attempt to investigate the reciprocal effects of economic growth and financial structure on one hand, and economic growth and ownership structure of companies on the other. The study aim is to identify and clarify the implications of the aforementioned relationships in order to util...

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Main Authors: Mehdi Taghavi, Seyyed Yousef Ahadi Serkani
Format: Article
Language:fas
Published: Allameh Tabataba'i University Press 2007-06-01
Series:Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī
Online Access:https://joer.atu.ac.ir/article_3258_213ec16949250368fd7a0f11f3b99227.pdf
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author Mehdi Taghavi
Seyyed Yousef Ahadi Serkani
author_facet Mehdi Taghavi
Seyyed Yousef Ahadi Serkani
author_sort Mehdi Taghavi
collection DOAJ
description This study is an attempt to investigate the reciprocal effects of economic growth and financial structure on one hand, and economic growth and ownership structure of companies on the other. The study aim is to identify and clarify the implications of the aforementioned relationships in order to utilize the results in decision making policies and in implementing laws constraining financial as well as ownership structures of companies in the process of development. The analysis of the percentage of debt and capital variations with the assumption of compound growth revealed that by financing through increasing debt, companies failed to have an impact on economic growth. This finding is an indication of the significance of financing through increasing the capital and its role on the process of development. No significant result has been found between economic growth and other structural variables. Meanwhile, by utilizing the second and third assumptions to determine structural indices, no significant causal relationship has been found between economic growth and structural variables.
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spelling doaj.art-d6f4fb59544e472d8885696182fde02a2023-12-26T07:56:09ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532007-06-017251972353258The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock ExchangeMehdi Taghavi0Seyyed Yousef Ahadi Serkani1عضو هیأت علمی دانشگاه علامه طباطبائیعضو هیأت علمی دانشگاه آزاد اسلامی- واحد فیروزکوهThis study is an attempt to investigate the reciprocal effects of economic growth and financial structure on one hand, and economic growth and ownership structure of companies on the other. The study aim is to identify and clarify the implications of the aforementioned relationships in order to utilize the results in decision making policies and in implementing laws constraining financial as well as ownership structures of companies in the process of development. The analysis of the percentage of debt and capital variations with the assumption of compound growth revealed that by financing through increasing debt, companies failed to have an impact on economic growth. This finding is an indication of the significance of financing through increasing the capital and its role on the process of development. No significant result has been found between economic growth and other structural variables. Meanwhile, by utilizing the second and third assumptions to determine structural indices, no significant causal relationship has been found between economic growth and structural variables.https://joer.atu.ac.ir/article_3258_213ec16949250368fd7a0f11f3b99227.pdf
spellingShingle Mehdi Taghavi
Seyyed Yousef Ahadi Serkani
The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī
title The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
title_full The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
title_fullStr The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
title_full_unstemmed The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
title_short The Impact of Economic Growth on Ownership and Financial Structures of Companies Active in Tehran Stock Exchange
title_sort impact of economic growth on ownership and financial structures of companies active in tehran stock exchange
url https://joer.atu.ac.ir/article_3258_213ec16949250368fd7a0f11f3b99227.pdf
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