1
Department of Accounting, Science and research Branch, Islamic Azad University, Tehran, Iran
2
Department of Program and Plan of Hekmat Iranian Bank, Iran
Abstract
The aim of the present study is to investigate the effect of capital structure on the cost of capital, net cash flow and market value in accepted banks in Tehran stock exchange, at 2010-2014 timeframe.. In order to test the study hypothesis used of ordinary linear regression model (OLS) and method for review of data is panels (combination). The first hypothesis in this research is: the capital structure of bank has a significant effect on the cost of capital of the Bank. The second hypothesis in this research is: the capital structure of bank has a significant effect on the Bank's net cash flows. The third hypothesis in this research is: the capital structure of bank has a significant effect on the Bank's market value. The empirical findings related to research hypothesis tests indicate that, the Bank's capital structure has an direct effect on the cost of capital and has a inverse effect on the market value and net cash flows.
Vakilifard,H. R. , Sanaei,G. R. and Looyeh,A. A. (2018). The effect of capital structure on the cost of capital, net cash flows and market value in accepted banks in Tehran stock exchange. Accounting and Auditing Studies, 7(25), 35-48.
MLA
Vakilifard,H. R. , , Sanaei,G. R. , and Looyeh,A. A. . "The effect of capital structure on the cost of capital, net cash flows and market value in accepted banks in Tehran stock exchange", Accounting and Auditing Studies, 7, 25, 2018, 35-48.
HARVARD
Vakilifard H. R., Sanaei G. R., Looyeh A. A. (2018). 'The effect of capital structure on the cost of capital, net cash flows and market value in accepted banks in Tehran stock exchange', Accounting and Auditing Studies, 7(25), pp. 35-48.
CHICAGO
H. R. Vakilifard, G. R. Sanaei and A. A. Looyeh, "The effect of capital structure on the cost of capital, net cash flows and market value in accepted banks in Tehran stock exchange," Accounting and Auditing Studies, 7 25 (2018): 35-48,
VANCOUVER
Vakilifard H. R., Sanaei G. R., Looyeh A. A. The effect of capital structure on the cost of capital, net cash flows and market value in accepted banks in Tehran stock exchange. Accounting and Auditing Studies, 2018; 7(25): 35-48.
