A survey on the effects of the exchange rate changes and financial flexibility on the usage of financial leverage in accepted companies of Tehran stock exchange

Hamid Mahmoodabadi, Hoda Kiafar, Reza Zare and Moslem Gheisari
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Hamid Mahmoodabadi: Assistant Professor, Shiraz University,Shiraz, Iran
Hoda Kiafar: Accounting Department, Lar Branch, Lar Usage Scientific General University, Marvdasht, Iran
Reza Zare: Accounting Department, Marvdasht Branch, Islamic Azad University, Marvdasht, Iran
Moslem Gheisari: Accounting Department, YasougeBranch, Islamic Azad University, Yasouge, Iran

International Journal of Finance & Banking Studies, 2013, vol. 2, issue 2, 32-40

Abstract: In the present study we try to examine the exchange rate changes and financial flexibility as the economic stable indexes on the financial leverage use in the companies so the main issue in this study is to define the financial leverage relation with exchange rate changes and financial flexibility. That is why 88 companies of the companies listed in Tehran stock exchange in 2005–2011. The study type is descriptive–correlative and the multivariable linear regression was used to analyze the data. The findings from the hypotheses test state there is a significant relation between financial leverage and financial flexibility while there isn't relation between financial leverage and exchange rate changes.

Keywords: Growth opportunities; Exchange rate changes; Financial flexibility; financial leverage (search for similar items in EconPapers)
Date: 2013
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