Abazari, Iran, Pifeh, Ahmad, Mansouri, Fardin, Haghparast, Abbas Ali. (1403). The pattern of capital increase and its role on abnormal stock returns in Tehran Stock Exchange member companies using the structural equation model. هنرهای کاربردی, 15(9), 129-140. doi: 10.22075/ijnaa.2023.30720.4473
Iran Abazari; Ahmad Pifeh; Fardin Mansouri; Abbas Ali Haghparast. "The pattern of capital increase and its role on abnormal stock returns in Tehran Stock Exchange member companies using the structural equation model". هنرهای کاربردی, 15, 9, 1403, 129-140. doi: 10.22075/ijnaa.2023.30720.4473
Abazari, Iran, Pifeh, Ahmad, Mansouri, Fardin, Haghparast, Abbas Ali. (1403). 'The pattern of capital increase and its role on abnormal stock returns in Tehran Stock Exchange member companies using the structural equation model', هنرهای کاربردی, 15(9), pp. 129-140. doi: 10.22075/ijnaa.2023.30720.4473
Abazari, Iran, Pifeh, Ahmad, Mansouri, Fardin, Haghparast, Abbas Ali. The pattern of capital increase and its role on abnormal stock returns in Tehran Stock Exchange member companies using the structural equation model. هنرهای کاربردی, 1403; 15(9): 129-140. doi: 10.22075/ijnaa.2023.30720.4473

The pattern of capital increase and its role on abnormal stock returns in Tehran Stock Exchange member companies using the structural equation model

International Journal of Nonlinear Analysis and Applications
مقاله 9، دوره 15، شماره 9، آذر 2024، صفحه 129-140    اصل مقاله (720.53 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22075/ijnaa.2023.30720.4473
نویسندگان
Iran Abazari1؛ Ahmad Pifeh* 2؛ Fardin Mansouri2؛ Abbas Ali Haghparast3
1Department of Accounting, Zahedan Branch, Islamic Azad University, Zahedan, Iran
2Department of Accounting, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran
3Assistant Professor, Department of Accounting, Islamic Azad University of Zahedan Branch, Zahedan, Iran.
چکیده
Financing patterns should minimize the weighted average of capital and maximize shareholder value. This study aimed to evaluate the factors affecting the financing model through a capital increase and its effect on abnormal stock returns. This mixed study was conducted based on interviews with 16 experts. Factors such as investment purposes of the capital increase, sources of the capital increase, and differences in the rules of the Tehran Stock Exchange, such as the scope of oscillation and characteristics of the company, are the essential components affecting the pattern of capital increase. In addition, the results of the qualitative analysis were measured by using the questionnaire tool and asking the opinions of 400 financial managers and university professors using the structural equation analysis method. The results showed that the investment objectives of the capital increase, the methods of increasing cash from shareholders and stock premium, and stock dilution significantly affected capital increase and, consequently, abnormal and negative stock returns.
کلیدواژه‌ها
capital increase؛ purposes of capital increase؛ sources of growth؛ abnormal stock returns
مراجع
آمار
تعداد مشاهده مقاله: 1,689
تعداد دریافت فایل اصل مقاله: 1,149
دانشگاه سمنان
پیوندهای مفید
آمار
تعداد نشریات22
تعداد شماره‌ها722
تعداد مقالات10,383
تعداد مشاهده مقاله72,838,502
تعداد دریافت فایل اصل مقاله64,535,008