چکیده:
Structure of capital is one of the important matters in every company. Choosing an
appropriate capital structure is an important matter in determining the value of every
company and this structure, is the combination of the company’s supply of the financial
resources. Debts and the rights of the stock holder are components of capital structure. Type
of debt used in the Company has influence on the company's risk. Some of the companies
for the supplying required financial resources use current debts and financial risk is
increased naturally, and some of them use non-current debts. In this study the effect of
operating’s cycle, operating cash flow and inflation during 1385 to 1392 is analyzed. The
number of observations of this study including 98 companies and by using OLS method the
hypotheses of the study is tested. The results suggest there is a significant relationship
between c operating cash flow and time deadline and there is no significant relation between
operating cycle and inflation with the time deadline of the debts
خلاصه ماشینی:
If the new share issued with the publication, by comparison of these two relation we concluded: Important Notes about the cost of capital and leverage effect on the cost of debt Companies are required to adopt new decisions when faced with economic fluctuations, according to the environmental factors some of the important points are mentioned below: Ke>kr Under circumstances where the risk of corporate debt should not be placed because by use of cheaper sources possibility of increased earning per share and also increased the value of share in the mid- term, that consequently reduce dependence on foreign [8].
Table (4-4) Results of HAWSMAN (Selection between fixed and random Results) Zero hypothesis Study Relation Degree of freedom F statistic P value Result of test interrupting component of intercept and explanative variable are independent Model 1 5 23.
Results table with a significance level of zero (under 5) Rejecting the null hypothesis suggests 99 percent, in other words , there generally linear relationship between independent and dependent variables and models for analysis is valid .
0005 Zero hypothesis is rejected Table 8-4 Results of subsidiary hypothesis 1 according to model 2 variables statistic t Amount of coefficient Significant level Operating cycle(x1) 2.
The result of hypothesis UCT Journal of Management and Accounting Studies To subsidiary hypothesis 1, the effect of operating cycle on debt’s term structure is more in bigger companies and is tested by model 2 in table 8-4.