Inter-Industry differences in capital structure and product market competition: Evidence from Iranian companies
نویسنده
چکیده
The purpose of this paper is to investigate empirically the existence of interindustry differences in the capital structure and product market competition of corporations listed in Tehran Stock Exchange. We study an balanced panel dataset of 603 firm-year observations in 8 industries from 2001 to 2009. The technique used for this is one way analysis of variance. Employing this parametric method, this study finds that there are significant differences in the debt ratios and product market competition across different industries.
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