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Investigating the Relationship between Debt Maturity Structure and Future Performance Volatility in Companies Listed on the Tehran Stock Exchange
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Mohammadreza Abbaszadeh   , Mohsen Maftounian * |
| Azad university of Mashhad |
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Abstract: (277 Views) |
At present, the environment in which companies operate is a growing and competitive environment, and companies have new investments to make progress in developing their activities. New investments require financing and cash. In this regard, companies are forced to use financing mechanisms. Therefore, it can be said that financing is one of the most important decision-making areas of company managers for sustainable growth and development. Managers must decide how to raise the funds they need and how to spend the available resources. Companies finance themselves in a variety of ways, part of which is financing with short-term and long-term debt. The purpose of this study is to investigate the relationship between debt maturity and fluctuation of the company's future performance with respect to company size and growth opportunities in the Iranian stock market. For this purpose, three hypotheses were developed and data related to 143 member companies of Tehran Stock Exchange in the period 2019 to 2023 were analyzed using three regression models. The results showed that there is a significant negative relationship between debt maturity and fluctuations in the future performance of the company. Also, the size of the companies did not affect this relationship; But growth opportunities reduce this negative relationship.
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| Keywords: Debt maturity, Company performance fluctuation, Company size, Growth opportunity, Stock Exchange |
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Full-Text [PDF 650 kb]
(35 Downloads)
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Type of Study: Research |
Subject:
Special
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