Information Asymmetry and Financing Decisions: Evidence from Iran Stock Exchange

Mehdi Elhaei Sahar () and Seyed Ali Vaez
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Mehdi Elhaei Sahar: Islamic Azad University
Seyed Ali Vaez: Shahid Chamran University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2013, vol. 3, issue 3, 105-110

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.

Keywords: Information Asymmetry; Pecking Order Theory; Capital Structure Tehran Stock Exchange (TSE) (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:3:y:2013:i:3:p:105-110

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