Free Cash Flow, Capital Structure and the Value of Listed Companies in Tehran Stock Exchange
Publish place: International Journal of Management, Accounting and Economics (IJMAE)، Vol: 2، Issue: 2
Publish Year: 1393
Type: Journal paper
Language: English
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Document National Code:
JR_IJMAE-2-2_005
Index date: 5 September 2016
Free Cash Flow, Capital Structure and the Value of Listed Companies in Tehran Stock Exchange abstract
The current research attempts to investigate the relationship between thefree cash follow and capital structure and value of listed companies in TehranStock Exchange. For this reason, 80 companies were investigated during 2009-2013. Lehn. & poulsen and debt leverage models were used to measure the freecash flow and capital structure respectively. The firm value was also calculatedby Tobin’s Q. Findings showed that free cash flow and capital structure havesignificant and positive effects on firm value.
Free Cash Flow, Capital Structure and the Value of Listed Companies in Tehran Stock Exchange Keywords:
Free Cash Flow, Capital Structure and the Value of Listed Companies in Tehran Stock Exchange authors
Roya Mansourlakoraj
Ms Student of Accounting, Islamic Azad University, Nour Branch, Nour, Iran
Sahar Sepasi
Assistant Prof., Faculty of Management & Economics, Tarbiat Modares University (TMU), Tehran, Iran