The Relationship between Product Market Competition and Cost of Capital of the Industries of the Tehran Stock Exchange
Publish place: 2nd International Conference on Challenges and New Solutions in Industrial Engineering and Management and Accounting
Publish Year: 1400
نوع سند: مقاله کنفرانسی
زبان: English
View: 308
This Paper With 12 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
CSIEM02_457
تاریخ نمایه سازی: 27 تیر 1400
Abstract:
The purpose of this research is to study The Relationship Between Product Market Competition and the Cost of Equity Capital in the Companies Listed in Tehran Stock Exchange (TSE). Hence, an attempt will be made to answer the following question: “Is there a significant relationship between Product Market Competition and Cost of Equity Capital?”. To find the answer, this research utilizes the the Herfindahl-Hirschman, Lerner and Modified Lerner indexes as proxies for product market competition. The statistical sample of the study consists of ۸۲ companies of the TSE during ۲۰۱۵ to ۲۰۲۰; E- views are used for testing hypothesis. The results suggest that there is a negetive relationship between criteria of Product Market Competition (i.e. Herfindahl-Hirschman, Lerner and Modified Lerner indexes) and Cost of Equity Capital.
Keywords:
Authors
Arvin Roozitalab
Arvin Roozitalab, MSc in executive-strategic management; Islamic Azad University, Saveh, Iran