Capital Structure and Competitiveness in Product Market (under Cournot and Bertrand Competition)
Message:
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The present paper aimed to study the relationship between capital structure and competitiveness under Cournot and Bertrand competition in companies listed in Tehran Stock Exchange. For this purpose, competitive position in the market, with special emphasis on market share, and capital structure, with special emphasis on financial leverage (as a criterion for measurement of capital structure), were taken into account. Based on Competitive Strategy Measure, the studied companies were divided into two groups of companies with Cournot competition and those with Bertrand competition. The present research sought the answer to the question that whether the type of competition (Cournot or Bertrand) affects the relationship between market share and financial leverage or not. The statistical sample included 131 companies which were listed in Tehran Stock Exchange in the period from 2008 to 2012. Regression models in the form of simultaneous equations and t-test were used for testing the hypotheses. The results showed that, regardless of the type of competition, both capital structure and competitive position affect each other negatively.
Language:
Persian
Published:
Accounting & Auditing Studies, Volume:8 Issue: 32, 2019
Pages:
59 to 74
magiran.com/p2085259  
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یک‌ساله به مبلغ 990,000ريال می‌توانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
  • حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران می‌شود.
  • پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانه‌های چاپی و دیجیتال را به کاربر نمی‌دهد.
دسترسی سراسری کاربران دانشگاه پیام نور!
اعضای هیئت علمی و دانشجویان دانشگاه پیام نور در سراسر کشور، در صورت ثبت نام با ایمیل دانشگاهی، تا پایان فروردین ماه 1403 به مقالات سایت دسترسی خواهند داشت!
In order to view content subscription is required

Personal subscription
Subscribe magiran.com for 50 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!