How to cite this paper
Valahzaghard, M & Farahani, M. (2014). A survey on relationship between capital structure, free cash flow and diversification and firm performance of listed companies in Tehran Stock Exchange.Management Science Letters , 4(10), 2191-2196.
Refrences
Anderson, R. C., Bizjak, J. M., Lemmon, M. L., & Bates, T. W. (1998). Corporate governance and firm diversification. Available at SSRN 121013.
Arslan, ?., & Karan, M. B. (2007). Does Free cash flow anomaly exist in an Emerging Market? Evidence from the Istanbul Stock Exchange. International Research Journal of Finance and Economics, 11, 163-171.
Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of accounting and economics, 24(1), 3-37.
Booth, L., Aivazian, V., Demirguc?Kunt, A., & Maksimovic, V. (2001). Capital structures in developing countries. The Journal of Finance, 56(1), 87-130.
Brush, T. H., Bromiley, P., & Hendrickx, M. (2000). The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal, 21(4), 455-472.
Campa, J. M., & Kedia, S. (2002). Explaining the diversification discount. The Journal of Finance, 57(4), 1731-1762.
Chen, F., Lam, K., Smieliauskas, W., & Ye, M. (2010). Fair value measurements and auditor versus management conservatism: Evidence from the banking industry. Working paper, University of Toronto.
Chi, W., Liu, C., & Wang, T. (2009). What affects accounting conservatism: A corporate governance perspective. Journal of contemporary accounting & economics, 5(1), 47-59.
Chkir, I. E., & Cosset, J. C. (2001). Diversification strategy and capital structure of multinational corporations. Journal of Multinational Financial Management,11(1), 17-37.
Coller, M., & Yohn, T. L. (1997). Management forecasts and information asymmetry: An examination of bid-ask spreads. Journal of Accounting Research, 35, 181-191.
De Jong, A. (2002). The disciplining role of leverage in Dutch firms. European Finance Review, 6(1), 31-62.
Dechow, P. M., Richardson, S. A., & Sloan, R. G. (2008). The persistence and pricing of the cash component of earnings. Journal of Accounting Research,46(3), 537-566.
DeFond, M. L., Lim, C. Y., & Zang, Y. (2012). Do Auditors Value Client Conservatism?. University of Southern California, Singapore Management University.
Dichev, I. D., & Tang, V. W. (2009). Earnings volatility and earnings predictability. Journal of accounting and Economics, 47(1), 160-181.
Doukas, J. A., & Kan, O. B. (2004). Excess cash flows and diversification discount. Financial Management, 33, 71-88.
Ebaid, I. E. S. (2009). The impact of capital-structure choice on firm performance: empirical evidence from Egypt. Journal of Risk Finance, The,10(5), 477-487.
Erickson, M., & Wang, S. W. (1999). Earnings management by acquiring firms in stock for stock mergers. Journal of Accounting and Economics, 27(2), 149-176.
Fairfield, P. M., Whisenant, J. S., & Yohn, T. L. (2003). Accrued earnings and growth: Implications for future profitability and market mispricing. The Accounting Review, 78(1), 353-371.
Gill, A., Biger, N., & Bhutani, S. (2008). Corporate performance and the chief executive officer’s compensation in the service industry. Open Business Journal, 1, 53-57.
Greene, W. H. (2003). Econometric analysis. Pearson Education India.
Hasan, A., & Butt, S. A. (2009). Impact of ownership structure and corporate governance on capital structure of Pakistani listed companies. International Journal of Business and Management, 4(2), P50.
Jang, S. S., & Park, K. (2011). Inter-relationship between firm growth and profitability. International Journal of Hospitality Management, 30(4), 1027-1035.
Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American economic review, 76, 323-329.
Kapopoulos, P., & Lazaretou, S. (2007). Corporate ownership structure and firm performance: evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144-158.
La Rocca, M., La Rocca, T., Gerace, D., & Smark, C. (2009). Effect of diversification on capital structure. Accounting & Finance, 49(4), 799-826.
Menéndez-Alonso, E. J. (2003). Does diversification strategy matter in explaining capital structure? Some evidence from Spain. Applied Financial Economics, 13(6), 427-430.
Nawaz, A., Ali, R., & Naseem, M. A. (2011). Relationship between Capital Structure and Firms Performance: A Case of Textile Sector in Pakistan. Global Business and Management Research: An International Journal, 3, 270-274.
Palepu, K. (1985). Diversification strategy, profit performance and the entropy measure. Strategic management journal, 6(3), 239-255.
Rajan, R., Servaes, H., & Zingales, L. (2000). The cost of diversity: The diversification discount and inefficient investment. The Journal of Finance, 55(1), 35-80.
Scott Jr, D. F. (1972). Evidence on the importance of financial structure. Financial Management, 4, 45-50.
Tan, H. P., Plowman, D., & Hancock, P. (2007). Intellectual capital and financial returns of companies. Journal of Intellectual capital, 8(1), 76-95.
Tang, C. H. H., & Jang, S. S. (2010). Does international diversification discount exist in the hotel industry?. Journal of Hospitality & Tourism Research, 32(4), 225-246.
Theis, J., & Casey, M. (1999). An empirical investigation of agency relationships and capital structure of property management firms in the UK. Journal of Property Investment & Finance, 17(1), 27-34.
Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. The Journal of finance, 43(1), 1-19.
Titman, S., Wei, K. C., & Xie, F. (2004). Capital investments and stock returns. Journal of Financial and Quantitative Analysis, 39(04), 677-700.
Wen, Y., Rwegasira, K., & Bilderbeek, J. (2002). Corporate governance and capital structure decisions of the Chinese listed firms. Corporate Governance: An International Review, 10(2), 75-83.
Zhao, Y., Chen, K. H., & Yao, L. J. (2009). Effects of takeover protection on earnings overstatements: evidence from restating firms. Review of Quantitative Finance and Accounting, 33(4), 347-369.
Arslan, ?., & Karan, M. B. (2007). Does Free cash flow anomaly exist in an Emerging Market? Evidence from the Istanbul Stock Exchange. International Research Journal of Finance and Economics, 11, 163-171.
Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of accounting and economics, 24(1), 3-37.
Booth, L., Aivazian, V., Demirguc?Kunt, A., & Maksimovic, V. (2001). Capital structures in developing countries. The Journal of Finance, 56(1), 87-130.
Brush, T. H., Bromiley, P., & Hendrickx, M. (2000). The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal, 21(4), 455-472.
Campa, J. M., & Kedia, S. (2002). Explaining the diversification discount. The Journal of Finance, 57(4), 1731-1762.
Chen, F., Lam, K., Smieliauskas, W., & Ye, M. (2010). Fair value measurements and auditor versus management conservatism: Evidence from the banking industry. Working paper, University of Toronto.
Chi, W., Liu, C., & Wang, T. (2009). What affects accounting conservatism: A corporate governance perspective. Journal of contemporary accounting & economics, 5(1), 47-59.
Chkir, I. E., & Cosset, J. C. (2001). Diversification strategy and capital structure of multinational corporations. Journal of Multinational Financial Management,11(1), 17-37.
Coller, M., & Yohn, T. L. (1997). Management forecasts and information asymmetry: An examination of bid-ask spreads. Journal of Accounting Research, 35, 181-191.
De Jong, A. (2002). The disciplining role of leverage in Dutch firms. European Finance Review, 6(1), 31-62.
Dechow, P. M., Richardson, S. A., & Sloan, R. G. (2008). The persistence and pricing of the cash component of earnings. Journal of Accounting Research,46(3), 537-566.
DeFond, M. L., Lim, C. Y., & Zang, Y. (2012). Do Auditors Value Client Conservatism?. University of Southern California, Singapore Management University.
Dichev, I. D., & Tang, V. W. (2009). Earnings volatility and earnings predictability. Journal of accounting and Economics, 47(1), 160-181.
Doukas, J. A., & Kan, O. B. (2004). Excess cash flows and diversification discount. Financial Management, 33, 71-88.
Ebaid, I. E. S. (2009). The impact of capital-structure choice on firm performance: empirical evidence from Egypt. Journal of Risk Finance, The,10(5), 477-487.
Erickson, M., & Wang, S. W. (1999). Earnings management by acquiring firms in stock for stock mergers. Journal of Accounting and Economics, 27(2), 149-176.
Fairfield, P. M., Whisenant, J. S., & Yohn, T. L. (2003). Accrued earnings and growth: Implications for future profitability and market mispricing. The Accounting Review, 78(1), 353-371.
Gill, A., Biger, N., & Bhutani, S. (2008). Corporate performance and the chief executive officer’s compensation in the service industry. Open Business Journal, 1, 53-57.
Greene, W. H. (2003). Econometric analysis. Pearson Education India.
Hasan, A., & Butt, S. A. (2009). Impact of ownership structure and corporate governance on capital structure of Pakistani listed companies. International Journal of Business and Management, 4(2), P50.
Jang, S. S., & Park, K. (2011). Inter-relationship between firm growth and profitability. International Journal of Hospitality Management, 30(4), 1027-1035.
Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American economic review, 76, 323-329.
Kapopoulos, P., & Lazaretou, S. (2007). Corporate ownership structure and firm performance: evidence from Greek firms. Corporate Governance: An International Review, 15(2), 144-158.
La Rocca, M., La Rocca, T., Gerace, D., & Smark, C. (2009). Effect of diversification on capital structure. Accounting & Finance, 49(4), 799-826.
Menéndez-Alonso, E. J. (2003). Does diversification strategy matter in explaining capital structure? Some evidence from Spain. Applied Financial Economics, 13(6), 427-430.
Nawaz, A., Ali, R., & Naseem, M. A. (2011). Relationship between Capital Structure and Firms Performance: A Case of Textile Sector in Pakistan. Global Business and Management Research: An International Journal, 3, 270-274.
Palepu, K. (1985). Diversification strategy, profit performance and the entropy measure. Strategic management journal, 6(3), 239-255.
Rajan, R., Servaes, H., & Zingales, L. (2000). The cost of diversity: The diversification discount and inefficient investment. The Journal of Finance, 55(1), 35-80.
Scott Jr, D. F. (1972). Evidence on the importance of financial structure. Financial Management, 4, 45-50.
Tan, H. P., Plowman, D., & Hancock, P. (2007). Intellectual capital and financial returns of companies. Journal of Intellectual capital, 8(1), 76-95.
Tang, C. H. H., & Jang, S. S. (2010). Does international diversification discount exist in the hotel industry?. Journal of Hospitality & Tourism Research, 32(4), 225-246.
Theis, J., & Casey, M. (1999). An empirical investigation of agency relationships and capital structure of property management firms in the UK. Journal of Property Investment & Finance, 17(1), 27-34.
Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. The Journal of finance, 43(1), 1-19.
Titman, S., Wei, K. C., & Xie, F. (2004). Capital investments and stock returns. Journal of Financial and Quantitative Analysis, 39(04), 677-700.
Wen, Y., Rwegasira, K., & Bilderbeek, J. (2002). Corporate governance and capital structure decisions of the Chinese listed firms. Corporate Governance: An International Review, 10(2), 75-83.
Zhao, Y., Chen, K. H., & Yao, L. J. (2009). Effects of takeover protection on earnings overstatements: evidence from restating firms. Review of Quantitative Finance and Accounting, 33(4), 347-369.