چکیده:
Financial crisis and sanctions because of economics problem, can do effect to
companies capital structure and financing policies that in this article we are study
this subject. In this article for determine financial crisis years we have used from
development indicator of GDP growth and methods presentation from latridis and
dimitras (2013). In order to test the hypothesis, we collecting data of 63 companies
which listed in Tehran stock Exchange in time 2006-2014.The results of this
researches show us that first hypothesis said financial crisis and sanctions have no
effect to sales and so earnings before tax. With second hypothesis earnings before
tax and sales have effect to financing from capital increase, but earnings before tax
and sales have no effect to financing from receive loan. And so with third
hypothesis, financing policies of receive loan affected of financial crisis have effect
to them financial expense. By attention to statistical evidence that we got that it is
contrary with exiting evidence and too much drop Tehran Stock Exchange, we can
say it is possible that companies for maintain stability and so control of them take
stock value and trusting to shareholders and other users, perhaps they have done
earnings smoothing and with use of accounting methods and so creation of nonoperation
earnings they can prevention of reduced earnings before tax some what.
خلاصه ماشینی:
The effect of financial crisis and sanctions on methods of financing of firms which listed in Tehran Stock Exchange Hoda Hemmati1, Kimia Eslami2 and Najmeh Kargar Kmavar3 1Department of accounting, Roudehen Branch, Islamic Azad University, Roudehen, Iran.
2016 ABSTRACT Financial crisis and sanctions because of economics problem, can do effect to companies capital structure and financing policies that in this article we are study this subject.
Financial crisis, sanctions, financing methods, sales, earnings before tax * Corresponding author: Hoda Hemmati Peer review under responsibility of UCT Journal of Management and Accounting Studies INTRODUCTION Companies in decision-financing are faced with two sources of internal and external financing.
The main objective in this researches is check relation between financial crisis and sanctions and financing methods of companies that accepted in Tehran stock exchanges.
Earnings before tax and revenue affected by the financial crisis and sanctions is affecting on methods of financing companies (increase of capital and loan).
Earnings before tax and revenue affected by the financial crisis and sanctions is affecting on methods of financing companies through increase of capital.
Based on the second hypothesis, earnings before tax and revenue affect by the financial crisis and sanctions on financing through capital increase is effective.
The results achieved for large companies it can be stated that the sanctions and financial crisis on earnings before tax, revenue and financing methods are not effective.