DEBT COSTS DURING LIFE CYCLES OF LISTED COMPANIES IN THE TEHRAN STOCK EXCHANGE

  • Zahra Hajiha, Dr. Islamic Azad University, East Tehran Branch
  • Mohammad Sadegh Bazaz California State University

Abstract

The main goal of this research was to study the relationship between life cycles and debt costs of listed companies in the Tehran Stock Exchange. Intended to be an applied research, this study used a correlational method. The statistical sample consisted of 107 listed companies for a ten-year period from 2005 to 2014, which were examined by regression models. Life cycle was the dependent variable and debt cost the independent variable. The Dickinson’s Model (2011) was used to measure life cycle. This research found that debt cost was not lower during the slow stage of the life cycle than during the maturity and emergence stages, but debt cost was lower in the growth and decline stages.
Published
Apr 30, 2020
How to Cite
HAJIHA, Zahra; BAZAZ, Mohammad Sadegh. DEBT COSTS DURING LIFE CYCLES OF LISTED COMPANIES IN THE TEHRAN STOCK EXCHANGE. Asia-Pacific Management Accounting Journal, [S.l.], v. 15, n. 1, p. 115-132, apr. 2020. ISSN 2550-1631. Available at: <http://arionline.uitm.edu.my/ojs/index.php/APMAJ/article/view/978>. Date accessed: 05 june 2020. doi: http://dx.doi.org/10.24191/apmaj.v15i1.978.