Volume 17, Issue 4 (2009)
J Tax Res 2009, 17(4): 31-44 |
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Izadinia N, Rasaiian A. The Relationship between Tax and Capital Structure in Iran. J Tax Res 2009; 17 (4) :31-44
URL: http://taxjournal.ir/article-1-145-en.html
URL: http://taxjournal.ir/article-1-145-en.html
1- Assistant Professor of Accounting at The University of Isfahan
2- M.A. in Accounting; a Tax Expert at INTA
2- M.A. in Accounting; a Tax Expert at INTA
Abstract: (8945 Views)
The capital structure of a firm plays an important role in its investment decision-making and, as result, in its overall performance outcome. The effect of taxes on the capital structure has already been studied by some researchers. The present paper is aimed at studying the relationship between the capital structure and taxes imposed on the Iranian companies listed on Tehran Stock Exchange. A sample of 48 companies whose data of a thirteen-year period (1995-2007) was available has been selected. Cross-sectional and panel data regressions have been used in order to test the research hypotheses. A distributed-lag model, too, has been used for hypothesis-testing purposes. The signification level of the model has been calculated through T and F statistics. The obtained results show that there are no relationships between capital structures of the companies listed on the TSE and their taxes. The findings resulted from the hypothesis-testing through the distributed-lag model have also indicated that there is not a very significant relationship between capital structures of the companies listed on the TSE and their taxes.
Type of Study: Research |
Received: 2008/11/23 | Accepted: 2009/04/15 | Published: 2014/03/14
Received: 2008/11/23 | Accepted: 2009/04/15 | Published: 2014/03/14
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