The main objective of this paper is to evaluate the impact of political, government and institutional support in company's ability to obtain bank loans and the company’s value. To achieve this goal, four hypothesis have been proposed in this research and for testing these assumptions, correlation coefficient method between variables and multivariate regression equations, through the method of panel data were used. Surveyed companies have formed 61 companies of the listed companies in the Tehran Stock Exchange that were selected based on the method of systematic elimination and the study period of 2007-2012 (time period of 6 years). The research findings showed that the political and government support aren't effective on company’s ability to obtain bank loans; whereas the company's value can be reduced under these support. In addition, there is a significant and negative relationship between institutional support and power of companies to obtain bank loans; it should be noted that the results also indicates a significant and positive relationship between the firm value and institutional support.
کلید واژگان :
political-government support, institutional support, bank loans, firm value
