One of the most important components of any economic activity is providing required financial sources which can be funded through from equities or debts. Therefore, financial managers in a company ensure the best combination of financing sources or in other words the capital structure and decisions that are taken in this respect are to increase the value of the company. To put it better managers as representatives of the owners of the shares, the combination of company capital structure to regulate in such a way to participate in the trend of increase value which is the increase of wealth holders, positive affect on left. Therefore determining a structure and provide the financial resources in companies has a special importance. Financing methods are affected by internal and external factors such as company's growth opportunities, retained earnings, company’s size, and the debt ratio and intangible assets. Capital structure is a subject on which numerous researches and tests have been done; and at the present time theoretical studies and empirical investigations are ongoing. This issue influences items of financial statements and consequently their relative ratios and ultimately it affects users’ decision making; especially creditors related to that unit. In this study some variables of financing pattern like age and size of company, growth in retained earnings, in short-term debt and in long-term debt that affect financial performance assessment indicators of companies are investigated. Research sample consisted of 100 companies admitted in stock exchange of Tehran at time interval 2006-2011; they were chosen through screening. Four hypotheses were developed for this study. In order to test the hypotheses, after processing data using Excel spreadsheet and Eviews software, the Pearson correlation coefficient was calculated and multiple regression analysis was performed by sorting the data panel. The results of testing hypotheses showed that financing pattern variables are significantly related with indicators of financial performance assessment. Therefore, it can be said that financing patterns used by companies have significant effect on financial performance; appropriate patterns can improve performance of companies and inappropriate patterns reduces it.
کلید واژگان :Financing patterns, Capital structure, Indicators of financial performance assessment
ارزش ریالی : 600000 ریال
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