Volume 9, Issue 33 (12-2018)                   jemr 2018, 9(33): 7-42 | Back to browse issues page

XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Abdi E, Khodadad kashi F, Mosavi Jahromi Y. The Effect of Financial Development on the Investment of the Companies Listed on the Tehran Stock Exchange. jemr. 2018; 9 (33) :7-42
URL: http://jemr.khu.ac.ir/article-1-1688-en.html
Abstract:   (196 Views)
The present study examined the impact of financial development on the investment of the companies listed on the Tehran Stock Exchange. To achieve this goal, data gathered from 258 companies during 2005 to 2016 and the dynamic generalized method of moments were utilized to formulate the investment model with financial constraints. The results of the study showed that these companies faced financial constraints on investment and financial development has increased their investment by reducing the financial constraints. The results also indicated that the positive effect of financial development on investment has been bigger in the case of larger companies than in smaller companies. It was further revealed that during the economic boom, financial constraints on companies were reduced and financial development led to the reinforcement of the positive effect of the boom on reduction of the companies’ financial constraints
Full-Text [PDF 960 kb]   (154 Downloads)    
Type of Study: Applicable | Subject: پولی و مالی
Received: 2018/04/4 | Accepted: 2018/07/25 | Published: 2018/12/19

Add your comments about this article : Your username or Email:
CAPTCHA code

Send email to the article author


© 2019 All Rights Reserved | Journal of Economic Modeling Research

Designed & Developed by : Yektaweb