The Effect of Product Market Competition on the Relationship between Capital Structure and Financial Performance of Companies

Mahmoud Mahmoudzadeh and Ali Seyfi
Additional contact information
Mahmoud Mahmoudzadeh: Firoozkooh Branch, Islamic Azad University, Iran,
Ali Seyfi: Firoozkooh Branch, Islamic Azad University, Iran,

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 3, 523-526

Abstract: Investors and stakeholders are the two groups to which information about the company's financial performance is important. Given the importance of good financial performance of the companies to investors and stakeholders for maximizing their wealth, it is essential to identify and study the factors affecting financial performance. Therefore, the present study aims to examine the effect of product market competition on the relationship between capital structure and financial performance of the companies listed in Tehran stock exchange during 2009-2013. Panel data model and Eviews software were used for data analysis and hypotheses test. General conclusion of the research hypotheses shows that financial leverage, level of competition, and mutual effect of financial leverage have significant effect on the sample companies' financial performance. Thus, all research hypotheses are confirmed

Keywords: Financial Leverage; The Level of Competition; Financial Performance (search for similar items in EconPapers)
JEL-codes: G2 G31 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/4807/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/4807/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-03-67

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().