Study on the effects of the global economic crisis on the capital structure listed corporations in Tehran stock exchabg (TSE)

The global economy faces crisis every so often. In recent years, the financial crisis has affected the global economy; all countries , directly or indirectly , are involved . The purpose of this research is to study the impact of the global economic crisis on the capital structure of listed companies in Tehran Stock Exchange. To test this effect, 87 companies listed companies in Tehran Stock Exchange during the period 2007 to 2014, are studied . In this study, earnings before interest and tax, depreciation expense , assets, research and development expenses and the dummy variable ,global economic crisis, are used as the independent variables. The book debt ratios and the market debt ratios are used as dependent variables (the capital structure). The results suggest a significant effect the global economic crisis on the capital structure.