Citation:

Leila Korjanii. "The Effect of Exchange Rate on the Financing of Companies Listed on the Tehran Stock Exchange" International Research Journal of Economics and Management Studies, Vol. 3, No. 9, pp. 76-84, 2024.

Abstract:

The exchange rate of Iran's economy has seen extensive changes in its historical course. The goal of this study is to look into exchange rate fluctuations and how they affect company financing via bank debt and the issue of shares in Tehran Stock Exchange-listed companies. There are many macro and micro factors that moderate financing and many factors have an effect on financing, and in this research, interest rate and inflation rate are considered as mediating variables. The present study is applied in terms of its purpose, and longitudinal survey in terms of its method. The statistical sample of this research covers all firms registered to the Tehran Stock Exchange between 2018 and 2023. In order to analyze the data, simple and multiple regression was used. The results of this research show that the exchange rate has a greater impact on financing through the issuance of shares than on financing through bank debt, and it tries to examine the different methods of financing, the advantages and disadvantages of the challenges faced by increasing capital is paid. More and more, the exchange rate has emerged as a key and important factor in economic policies, and the effect and effectiveness of exchange rate fluctuations on financing have become a part of common economic topics. As a result, it is vital to investigate and scientifically examine the connection between exchange rates and funding.

References:

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Keywords:

Bank Debt, Exchange Rate Changes, Financing, Inflation Rate, Interest Rate, Share Issue.