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Information Asymmetry and Financing Decisions: Evidence from Iran Stock Exchange

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Author Info

  • Mehdi Elhaei Sahar

    ()
    (Islamic Azad University)

  • Seyed Ali Vaez

    (Shahid Chamran University)

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    Abstract

    This study aims to investigate the relations of information asymmetry and financing decisions in Tehran Stock Exchange (TSE) during 2009 to 2011. Our statistical simple consist 170 firms and stepwise regression method has been used. We found that the relationship between information asymmetry and stock issuing is negative. Other results refer to positive relation between financing deficit and stock issuing.

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    Bibliographic Info

    Article provided by Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences in its journal International Journal of Academic Research in Accounting, Finance and Management Sciences.

    Volume (Year): 3 (2013)
    Issue (Month): 3 (July)
    Pages: 105-110

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    Handle: RePEc:hur:ijaraf:v:3:y:2013:i:3:p:105-110

    Contact details of provider:
    Web page: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal

    Related research

    Keywords: Information Asymmetry; Pecking Order Theory; Capital Structure Tehran Stock Exchange (TSE);

    References

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    14. Myers, Stewart C., 2003. "Financing of corporations," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 4, pages 215-253 Elsevier.
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