Investigating the effect of institutional ownership on the relationship between the maturity of short-term debt and the risk of future stock price crash

Message:
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
HypothesisH

1: The maturity of short-term debt reduces the risk of future stock crash.
H2: The effect of short-term debt maturity on risk reduction is a further crash in stock prices in companies with lower institutional ownership

Methods

The overall research method is that at first, the statistical society of the surveyed companies that have been accepted in the Tehran Stock Exchange has been investigated from the beginning of 2006 to the end of 2015 in the stock exchange. Then, the companies that did not have the characteristics for this research were eliminated, and finally 154 companies were selected as research samples. Subsequently, the research variables were extracted from the software and financial statements of the remaining companies, and finally the research hypotheses were tested.

Results

The first hypothesis was supported. Suggesting that the maturity of short-term debt reduces the risk of future stock crash.
The first hypothesis was supported. Suggesting that effect of short-term debt maturity on risk reduction is a further crash in stock prices in companies with lower institutional ownership.

Language:
Persian
Published:
Journal of Accounting Advances, Volume:11 Issue: 1, 2019
Pages:
195 to 220
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