Examination the Relationship between the Life-Cycle and Cost of Capital of the listed companies in Tehran Stock Exchange

Document Type : Original Article

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Abstract

This study examines the relationship between corporate life cycle and cost of capital of listed companies in Tehran Stock Exchange in the territory between the years 2003 to 2013 pays . The study population included 1404 View of Company - years, therefore that all of the companies listed in Tehran Stock Exchange during the 11 years, 128 companies were selected. In this study, the pattern of cash flows by Dickinson (2011) has been introduced as an index for the separation of life cycle and in order to calculate implied cost of capital model of and (2005) has been used. In order to analyze data from multiple regression based on combined data is used. Research findings show that there is a significant relationship between lifecycle stages enterprise and cost of capital.
 

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