The Effect of Different Financing Methods of Firms Accepted in Tehran Stock Exchange, on Their Share Yield


  •  Mehdi Zeinali    
  •  Mostafa Zareii    
  •  Behnam Samadiyan    
  •  Seyed Reza Musavi    

Abstract

In this research has been tried to review the effect of various methods of financing on share yield of accepted firms
in the stock exchange of Tehran during 2005-2009. For this reason, the firms which financed through loan or
increased capital have been selected and based on noted data on financial statements of them. the effect of two
given financing methods (loan & increased capital) on return of their equities following recognition normality of
studied variables by Kolmogorov-Smirnov test, correlation analysis and regression analysis. The state of accepted
firms in stock exchange of Tehran compared to effect of various financing methods on return rate of equalities
during given years has been reviewed. The results of research show that it isn’t possible to claim that the financing
through increased capital has positive influence on share yield of accepted firms in the stock exchange of Tehran.
On the other hand, could be claimed that, financing through loan has positive influence on share yield of accepted
firm in the Tehran stock exchange.


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