International Journal of Management, Accounting and Economics
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Volume 2, No. 2, February 2015 Pages: 149 - 152
Capital Structure and Firms Performance in Tehran Stock Exchange
Morteza Kazempour , Mohammad Ali Aghaei
Corresponding author:
kazempourmorteza[at]yahoo[dot]com
Abstract:
This study investigated the relationship between capital structure and firm performance in firms operating on the Tehran Stock Exchange (TSE). Capital structure was measured by debt leverage. Firm performance was measured using the Tobin’s Q. The sample size was 100 companies operating on the exchange during 2008-2013. The results showed a significant positive relationship between capital structure and firm performance.
Keywords:
Capital structure, Debt leverage, Tobin’s Q, Firm performance
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