Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models
Reviewing trend and forecasting the debt ratio is one of the attractive topics for investors, managers, financial analysts and creditors. In this research, in order to forecasting debt ratio for listed companies in Tehran Stock Exchange, target leverage and speed of adjustment to the target leverage...
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2017-04-01
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doaj-d4044975307c4d9d8a4ead72e93c68062020-11-25T00:28:40ZfasUniversity of Tehranتحقیقات مالی1024-81532423-53772017-04-0119112210.22059/jfr.2017.212219.100625264227Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating modelsMohammad Osoolian0Aijamal Kor1Assistant Prof. of Financial Management Faculty of Economic and Political Sciences, Shahid Beheshti University, Tehran, IranMSc. Student in Financial Management, Faculty of Management &Accounting Shahid Beheshti University, Tehran, IranReviewing trend and forecasting the debt ratio is one of the attractive topics for investors, managers, financial analysts and creditors. In this research, in order to forecasting debt ratio for listed companies in Tehran Stock Exchange, target leverage and speed of adjustment to the target leverage were used in four simulation models. first, The process and the stability of the capital structure were investigated on a seasonal period of 11 years from the first quarter of 1383 to the third quarter of 1393. The results indicate that, If the review period of stability regime is prolonge, sustainable regime will be less. Often, sustainable regime occured in debt ratios higher than 4.0. The results of the simulation indicate that Time-varying Target Ratios Models and Flexible Target Zone Models have best function in debt ratio simulation in real data.https://jfr.ut.ac.ir/article_64227_f1eb6501ee6d37ef66293993c1f5d474.pdfleverage simulationstability of target capital structuretarget leveragetime-varying target ratios models |
collection |
DOAJ |
language |
fas |
format |
Article |
sources |
DOAJ |
author |
Mohammad Osoolian Aijamal Kor |
spellingShingle |
Mohammad Osoolian Aijamal Kor Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models تحقیقات مالی leverage simulation stability of target capital structure target leverage time-varying target ratios models |
author_facet |
Mohammad Osoolian Aijamal Kor |
author_sort |
Mohammad Osoolian |
title |
Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models |
title_short |
Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models |
title_full |
Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models |
title_fullStr |
Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models |
title_full_unstemmed |
Forecasting the leverage listed companies in Tehran Stock Exchange with the help of simulating models |
title_sort |
forecasting the leverage listed companies in tehran stock exchange with the help of simulating models |
publisher |
University of Tehran |
series |
تحقیقات مالی |
issn |
1024-8153 2423-5377 |
publishDate |
2017-04-01 |
description |
Reviewing trend and forecasting the debt ratio is one of the attractive topics for investors, managers, financial analysts and creditors. In this research, in order to forecasting debt ratio for listed companies in Tehran Stock Exchange, target leverage and speed of adjustment to the target leverage were used in four simulation models. first, The process and the stability of the capital structure were investigated on a seasonal period of 11 years from the first quarter of 1383 to the third quarter of 1393. The results indicate that, If the review period of stability regime is prolonge, sustainable regime will be less. Often, sustainable regime occured in debt ratios higher than 4.0. The results of the simulation indicate that Time-varying Target Ratios Models and Flexible Target Zone Models have best function in debt ratio simulation in real data. |
topic |
leverage simulation stability of target capital structure target leverage time-varying target ratios models |
url |
https://jfr.ut.ac.ir/article_64227_f1eb6501ee6d37ef66293993c1f5d474.pdf |
work_keys_str_mv |
AT mohammadosoolian forecastingtheleveragelistedcompaniesintehranstockexchangewiththehelpofsimulatingmodels AT aijamalkor forecastingtheleveragelistedcompaniesintehranstockexchangewiththehelpofsimulatingmodels |
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1725334938644905984 |