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بررسی رابطه بین چرخه عمر شرکت و هزینه حقوق صاحبان سهام در شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران | ||
| حسابداری و منافع اجتماعی | ||
| مقاله 6، دوره 9، شماره 1 - شماره پیاپی 32، فروردین 1398، صفحه 101-120 اصل مقاله (1.52 M) | ||
| نوع مقاله: مقاله پژوهشی | ||
| شناسه دیجیتال (DOI): 10.22051/ijar.2019.10874.1164 | ||
| نویسندگان | ||
| سید محمد مشعشعی* 1؛ ساره میرزاجانی2 | ||
| 1استادیار گروه حسابداری، مؤسسه آموزش عالی شفق، تنکابن، ایران | ||
| 2کارشناس ارشد حسابداری، مؤسسه آموزش عالی شفق، تنکابن، ایران | ||
| چکیده | ||
| ماهیت تئوری چرخه عمر شرکت نشان می‌دهد که سرمایه‌گذاری و تصمیمات تأمین مالی و راهبرد عملیاتی شرکت تا حد زیادی توسط متغیرهای مختلف و قابلیت‌های سازمانی شرکت (مراحل چرخه عمر) تحت تأثیر قرار می‌گیرد. هدف پژوهش حاضر، بررسی رابطه بین چرخه عمر شرکت و هزینه حقوق صاحبان سهام در شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران است. در راستای این هدف، 105 شرکت برای دوره 6 ساله مورد پژوهش در بازه زمانی 1388 الی 1393 مورد بررسی قرار گرفتند. برای آزمون فرضیه‌ها از روش رگرسیون چند متغیره بر مبنای داده‌های ترکیبی و آزمون t مستقل استفاده شده است. نتایج پژوهش نشان داد که بین چرخه عمر شرکت و هزینه حقوق صاحبان سهام رابطه مثبت و معناداری وجود دارد. همچنین نتایج پژوهش حاکی از آن است که تفاوت معناداری بین هزینه حقوق صاحبان سهام در مرحله بلوغ نسبت به مرحله افول و مرحله رشد نسبت به مرحله افول وجود ندارد. | ||
| کلیدواژه‌ها | ||
| چرخه عمر شرکت؛ هزینه سرمایه؛ هزینه حقوق صاحبان سهام | ||
| عنوان مقاله [English] | ||
| The relationship between corporate life cycle and cost of equity in listed firms on Tehran Stock Exchange | ||
| نویسندگان [English] | ||
| Mohammad Moshashaie1؛ Sareh Mirzajani2 | ||
| 1Assistant Professor in Accounting Shafagh Institute of Higher Education, Tonekabon, Iran | ||
| چکیده [English] | ||
| The nature of the life-cycle theory shows that investment and financing decisions and the company's operating strategy largely will be affected by different variables and organizational capabilities (life cycle). The purpose of this research is to examine the relationship between corporate life cycle and cost of equity in listed firm on Tehran stock exchange. For this purpose, 105 firms from our statistical society for the period of 2009-2014 were chosen. Multivariate regression method based on panel data and independent T test was used to test the research hypotheses. The result shows that there is a positive relationship between the firm life cycle and cost of equity. Also, there is no significant difference between cost of equity in mature stage with compare decline stage and also between growth stage with compare decline stage. | ||
| کلیدواژه‌ها [English] | ||
| Corporate Life cycle, Cost of Capital, Cost of equity | ||
| مراجع | ||
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