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Information Asymmetry and Financing Decisions: Evidence from Iran Stock Exchange

  • Mehdi Elhaei Sahar

    ()

    (Islamic Azad University)

  • Seyed Ali Vaez

    (Shahid Chamran University)

Registered author(s):

    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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    File URL: http://hrmars.com/hrmars_papers/Article_12_Information_Asymmetry_and_Financing_Decisions1.pdf
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    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

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    14. Bradley, Michael & Jarrell, Gregg A & Kim, E Han, 1984. " On the Existence of an Optimal Capital Structure: Theory and Evidence," Journal of Finance, American Finance Association, vol. 39(3), pages 857-78, July.
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    17. Myers, Stewart C, 1984. " The Capital Structure Puzzle," Journal of Finance, American Finance Association, vol. 39(3), pages 575-92, July.
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