Investigating the effect of financial leverage on company investment considering the role of information asymmetry

In all countries of the world, investment as one of the most important components of aggregate demand and the driving force of economic growth is extremely important and theorists have long sought to explain investment behavior and identify influential and reinforcing factors. They have been on it. This study investigates the effect of financial leverage ratio on company investment considering the role of information asymmetry in the Tehran Stock Exchange. The screened statistical population of the study includes 167 companies listed on the Tehran Stock Exchange during the period 1397- 1388. Multiple linear regression model and Eviews software version 10 were used to analyze the data and test the hypotheses. The results indicate that information asymmetry strengthens the effect of financial leverage on companies' investment.