The Impact of Institutional Ownership on the Relationship between Tax and Capital Structure
Publish Year: 1395
نوع سند: مقاله ژورنالی
زبان: English
View: 114
This Paper With 11 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_AMFA-1-2_005
تاریخ نمایه سازی: 7 مهر 1400
Abstract:
One of the reasons that companies avoid paying their taxes is that they choose to use debts for their funding. In other words, tax saving, an activity of companies to avoid taxpaying, can be used to finance corporate projects. Furthermore, since institutional owners are more inclined to supervise, they may shrink managerial behaviors to avoid taxpaying. In this study, institutional owners’ supervisory role about tax efficiency on corporate capital structure was investigated. For this purpose, a sample of ۹۸ companies from ۲۰۰۵ to ۲۰۱۴ was selected from companies listed on Tehran Stock Exchange (TSE). Following the research conducted by Kramer, multiple linear regression based on panel data and the econometric software Eviews were used for testing the research hypotheses. The results show that tax has a negative and significant impact and institutional ownership has a positive and significant impact on capital structure. In addition, the institutional ownership in corporate companies impacts and adjusts the relationship between tax and capital structure.
Keywords:
Authors
Allah Karam Salehi
Islamic Azad university, Masjed-soleiman Branch, Khouzestan, Iran
Abbas Baharipour
Islamic Azad University, Khorramshar-Persian Gulf International Branch, Khouzestan, Iran.
Sajjad Mohammadi
Islamic Azad University, Khorramshar-Persian Gulf International Branch, Khouzestan, Iran.
مراجع و منابع این Paper:
لیست زیر مراجع و منابع استفاده شده در این Paper را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود Paper لینک شده اند :