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مقالات فارسیISIکنفرانسهاژورنالها

The Relationship between Product Market Competition and Cost Of Capital of the Industries of the Tehran Stock Exchange

Publish place: The 9th International Conference on Economics and Management
Publish Year: 1395
نوع سند: مقاله کنفرانسی
زبان: English
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لینک ثابت به این Paper:
https://civilica.com/doc/599636

شناسه ملی سند علمی:

ICOEM03_012

تاریخ نمایه سازی: 19 خرداد 1396

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 82 companies of the TSE during 2009 to 2014; 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:

Product Market Competiti , Cost of Equity Capital , Herfindahl-Hirschman indexes

Authors

Hamid Reza Imany

Department of Accounting,College Of Economic And Management,Shiraz Branch, Islamic Azad University ,Shiraz,Iran Km5, Sadra Road, Shiraz, Iran

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