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Asian Journal of Research in Banking and Finance
Year : 2016, Volume : 6, Issue : 1
First page : ( 46) Last page : ( 53)
Online ISSN : 2249-7323.
Article DOI : 10.5958/2249-7323.2015.00153.4

Investigating the Relationship between Financial Constraints and Firm Growth of Listed Companies in Tehran Stock Exchange

Ghanavati Mostafaa, Sarani Mohammad Hadi Hosseinib

aUniversity Lecturer in Accounting, Bahonar College of Technology and Engineering of Shiraz, Iran

bM.A. in Accounting, Department of Accounting, Marvdasht Branch, Islamic Azad University, Marvdasht, Iran

Online published on 5 January, 2016.

Abstract

The purpose of this paper is investigating the relationship between financial constrain and firm constrain of companies listed on Tehran Stock Exchange. In this respect, the effect of firms’ size, financial leverage and firm age were controlled. Also. Statistical society of present study consists of 120 companies listed on Tehran Stock Exchange during 2005 to 2014. Multivariate linear regression analysis was used to test the research hypotheses. The results of research hypotheses test indicate that generally there is a significant inveres relationship between financial constrain and firm constrain between financial constrain and firm constrain.

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Keywords

Firm Growth, Financial Constrain, Regression, Tehran Stock Exchange.

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