The optimal capital structure based on the golden ratio and its effect on the return rate of investors

The capital structure and the capital return rate are among the most important variables that are of interest to potential shareholders and actual shareholders, the combination of the company's equity and liabilities shows the capital structure, and the capital return rate, which is represented by the symbol P/E, is from Dividing the share market price by the net profit of each share is obtained and is also used to evaluate the value of the shares. The aim of the current research is to study the effect of the optimal capital structure based on the golden ratio on the rate of return on capital. To carry out this research, the information of 148 companies admitted to the Tehran Stock Exchange in the period of 2009-2011 was used, and according to the descriptive-correlational nature of the research. In order to investigate and discover the correlation between variables, post-event method and panel data approach with fixed effects have been used. The results indicate the positive effect of the optimal capital structure based on the golden ratio on the return rate of investors. Also, in this research, the effect of the optimal capital structure based on the golden ratio on the variables of income and stock price was also investigated, based on the results obtained, the positive effect of the independent variable on the variables of income and stock price was confirmed.