The Relationship between Product Market Competition and Capital Structure of the Selected Industries of the Tehran Stock Exchange

Moeinaddin, Mahmoud; Nayebzadeh, Shahnaz; Ghasemi, Majid

doi:10.6007/ijarafms/v3-i3/132

Cited by 6 publications

(9 citation statements)

References 23 publications

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“…The findings obtained by Moenadin et al, (2013) indicate that there is a significant relationship between selected industrial capital structure and product market competition. Similarly, the study by Pandey (2004) shows that there is a relationship between capital structure and market forces due to the complex interactions of market conditions, agency problems and bankruptcy costs.…”

Section: Bibliometric Network Analysismentioning

confidence: 86%

Investment Decision in the Agency Theory Framework

Nugroho¹,

Firdaus²,

Andati³

et al. 2018

MIX

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Abstract. This studies aims to observe the development of literature on company investment decisions and to decide what research should be conducted further on company investment decisions in the theoretical framework of agency theory. The methods used were bibliometric network analysis and literature review. This study has mapped out the literature on company investment decisions based on agency theory. This study shows that the topics on competition research, corporate governance, and capital structure are closely related to the company investment decisions in the theory of agency, and it is worth investigating. Therefore, it is necessary to develop further empirical research related to company investment decisions in the framework related to agency theory by analyzing the influences of competition, corporate governance, and capital structure comprehensively on invesment decision.Keywords: investment decision, bibliometric network analysis, capital structure, corporate governance, competition Abstrak. Tujuan dari penelitian ini adalah untuk observasi pengembangan literatur pada keputusan investasi perusahaan dan dapat menentukan penelitian yang harus dilakukan selanjutnya mengenai keputusan investasi perusahaan dalam kerangka teori keagenan. Metode yang digunakan kali ini ialah bibliometric network analysis dan kajian literatur. Penelitian ini telah memetakan literatur mengenai keputusan investasi perusahaan. Kajian ini menunjukan bahwa topik penelitian persaingan, tata kelola perusahaan, dan struktur modal berkaitan erat terhadap keputusan investasi perusahaan dalam teori keagenan, dan layak untuk di teliti lebih lanjut. Oleh karena itu perlu dikembangkan penelitian empiris lebih lanjut terkait keputusan investasi perusahaan dalam kerangka terkait teori keagenan dengan menganalisis terkait pengaruh pengaruh persaingan, tata kelola perusahaan, dan struktur modal secara komprehensif.

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Section: Bibliometric Network Analysismentioning

confidence: 86%

Investment Decision in the Agency Theory Framework

Nugroho¹,

Firdaus²,

Andati³

et al. 2018

MIX

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“…The concentration of industry can be categories as "high concentration" and "low concentration" industries. As per the Moeinaddin et al (2013), the most vigorous index/measure for the industry/sector-specific concentration is HHI "Herfindahl-Hirschman index". It is an efficient and broad index to gauge the level of the concentration of industry.…”

Section: Industry Level Factorsmentioning

confidence: 99%

Firm, Industry and Macroeconomics Dynamics of Stock Returns: A Case of Pakistan Non-Financial Sector

Naseer

Khan

Popp

et al. 2021

JRFM

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The available research literature on stock performance has primarily stressed the importance of asset price theories, macroeconomic and microeconomic, and institutional differences. However, there is still an open question: Are there any other factors those influence stock performance? This research aims to answer this question by providing new insights into industry factors along with country-level and firm-specific factors in conjunction with the stock performance of the non-financial sector firms listed at the Pakistan Stock Exchange. The study provides new insights into the prevailing research literature by considering an emerging economy, Pakistan. We find that non-financial sector firms are heterogeneous, suggesting applying a fixed effect approach for reliable estimation. To investigate the issue, data from 80 companies spanning 17 years (2004–2020) were analyzed with a fixed-effect model. Our study results revealed that firm tangibility, munificence, gross domestic product, inflation and money supply have negative, while size, growth, dynamism, Herfindahl–Hirschman index, exchange rate and oil prices have a positive relationship with financial performance. The results are robust under alternative estimation approaches and offer useful policy implications.

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“…Sehingga, tujuan dari penelitian ini adalah untuk menguji pengaruh simultan yang terjadi antara leverage dan market share perusahaan manufaktur di Indonesia Porter (1998) mendefinisikan keunggulan bersaing sebagai strategi dari Perusahaan yang melakukan kerjasama untuk berkompetisi lebih efektif di pasar. Strategi harus didesain untuk mewujudkan keunggulan bersaing yang terus menerus, sehingga Perusahaan dapat mendominasi pasar lama maupun pasar baru (Moeinaddin et al, 2013). Dalam hal ini, prosentase market share pada Perusahaan dapat dijadikan indikator untuk mengetahui kedudukan Perusahaan tersebut dan posisi para pesaingnya di pasar.…”

Section: Latar Belakangunclassified

Leverage dan Market Share sebagai Faktor Penentu Posisi Persaingan Pasar Perusahaan Manufaktur di Indonesia

Sari¹,

Komalasari

2021

JBM UNMERMLG

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This study aims to examine the simultaneous relationship between leverage and market share as a determinant of market competition for manufacturing companies in Indonesia. The model used in this study is the TSLS (Two Stage Least Square) and testing with OLS (Ordinary Least Square), the testing tool used is SPSS. The object of research used in this study is a Manufacturing Company listed on the Indonesia Stock Exchange from 2015-2020 with a total of 122 companies that have fit with criteria for the research sample. The results of the study show that the two endogenous variables: leverage and market share, have a significant positive correlation with each other, which means that there is a simultaneous relationship between leverage policy and market share as an indicator of the competitive position of the product market.

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The Relationship between Product Market Competition and Capital Structure of the Selected Industries of the Tehran Stock Exchange

Abstract: The main objective of this study is to examine the relationship between product market competition

Cited by 6 publications

References 23 publications

Investment Decision in the Agency Theory Framework

Investment Decision in the Agency Theory Framework

Firm, Industry and Macroeconomics Dynamics of Stock Returns: A Case of Pakistan Non-Financial Sector

Leverage dan Market Share sebagai Faktor Penentu Posisi Persaingan Pasar Perusahaan Manufaktur di Indonesia

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