Debt costs during life cycles of listed companies in the Tehran stock exchange / Zahra Hajiha and Mohammad S. Bazaz

Hajiha, Zahra and S. Bazaz, Mohammad (2020) Debt costs during life cycles of listed companies in the Tehran stock exchange / Zahra Hajiha and Mohammad S. Bazaz. Asia-Pacific Management Accounting Journal (APMAJ), 15 (1). pp. 116-132. ISSN 1675-3194 (Print) ; 2550-1631 (Online)

Abstract

The main goal of this research was to study the relationship between life cycles and debt costs of listed companies in the Tehran Stock Exchange. Intended to be an applied research, this study used a correlational method. The statistical sample consisted of 107 listed companies for a ten-year period from 2005 to 2014, which were examined by regression models. Life cycle was the dependent variable and debt cost the independent variable. The Dickinson’s Model (2011) was used to measure life cycle. This research found that debt cost was not lower during the slow stage of the life cycle than during the maturity and emergence stages, but debt cost was lower in the growth and decline stages.

Metadata

Item Type: Article
Creators:
CreatorsEmail / ID. Num
Hajiha, ZahraUNSPECIFIED
S. Bazaz, MohammadUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking > Bank stocks. Banking as an investment
H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Asia-Pacific Management Accounting Journal (APMAJ)
Journal: UiTM Journal > Asia-Pacific Management Accounting Journal (APMAJ)
ISSN: 1675-3194 (Print) ; 2550-1631 (Online)
Volume: 15
Number: 1
Page Range: pp. 116-132
Official URL: https://apmaj.uitm.edu.my
Item ID: 41869
Uncontrolled Keywords: Life cycle, Debt cost, Cost of capital
URI: http://ir.uitm.edu.my/id/eprint/41869

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