The Impact of Corporate Reputation on Financial Leverage and Trade Credit
This study aims to investigate the relationship between corporate reputation and financing decisions. In line with the research objectives, the Tehran Stock Exchange accepted 174 companies selected in the 1390 to 1401 period. To measure corporate reputation, a combined scoring approach was used with...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2025-03-01
|
| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | https://jfm.alzahra.ac.ir/article_8200_3fdf350d8d6caaa01317899b5a337a29.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850251130860208128 |
|---|---|
| author | Mohsen Khotanlou Mahdi Kazemiolum Farzad Ziyaei |
| author_facet | Mohsen Khotanlou Mahdi Kazemiolum Farzad Ziyaei |
| author_sort | Mohsen Khotanlou |
| collection | DOAJ |
| description | This study aims to investigate the relationship between corporate reputation and financing decisions. In line with the research objectives, the Tehran Stock Exchange accepted 174 companies selected in the 1390 to 1401 period. To measure corporate reputation, a combined scoring approach was used with four components of reputation, including price-to-earnings ratio, Tobin's Q, long-term investment ratio, firm age, and top 100 ranking companies of Industrial Management Organization used as an alternative measure of corporate reputation. Multiple regression with generalized least squares estimation method was used as the primary approach and generalized methods of moments as complementary method for estimating models. Findings showed a positive and significant relationship between corporate reputation score and financial leverage. Also, findings show an inverse and significant relationship between corporate reputation and trade credit. In addition, similar findings were observed using ranking the top 100 companies of the Industrial Management Organization. The supplementary test results with generalized methods of the moments approach have also confirmed the strength of the main results. |
| format | Article |
| id | doaj-art-c01a766a70d84aa6adb57a0f85be250c |
| institution | OA Journals |
| issn | 2345-3214 2538-1962 |
| language | fas |
| publishDate | 2025-03-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj-art-c01a766a70d84aa6adb57a0f85be250c2025-08-20T01:57:59ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622025-03-011319911610.22051/jfm.2024.47865.29448200The Impact of Corporate Reputation on Financial Leverage and Trade CreditMohsen Khotanlou0Mahdi Kazemiolum1Farzad Ziyaei2Department of Accounting، Faculty of Economics and Social Science، Bu-Ali Sina University، Hamedan، IranDepartment of Accounting, Faculty of Economics and Social Science, Bu-Ali Sina University, Hamedan, Iran.Accounting Department, Faculty of Economics and Social Science, Bu-Ali Sina University, Hamedan, Iran.This study aims to investigate the relationship between corporate reputation and financing decisions. In line with the research objectives, the Tehran Stock Exchange accepted 174 companies selected in the 1390 to 1401 period. To measure corporate reputation, a combined scoring approach was used with four components of reputation, including price-to-earnings ratio, Tobin's Q, long-term investment ratio, firm age, and top 100 ranking companies of Industrial Management Organization used as an alternative measure of corporate reputation. Multiple regression with generalized least squares estimation method was used as the primary approach and generalized methods of moments as complementary method for estimating models. Findings showed a positive and significant relationship between corporate reputation score and financial leverage. Also, findings show an inverse and significant relationship between corporate reputation and trade credit. In addition, similar findings were observed using ranking the top 100 companies of the Industrial Management Organization. The supplementary test results with generalized methods of the moments approach have also confirmed the strength of the main results.https://jfm.alzahra.ac.ir/article_8200_3fdf350d8d6caaa01317899b5a337a29.pdfcorporate reputationfinancial leveragetrade creditgeneralized methods of moments |
| spellingShingle | Mohsen Khotanlou Mahdi Kazemiolum Farzad Ziyaei The Impact of Corporate Reputation on Financial Leverage and Trade Credit راهبرد مدیریت مالی corporate reputation financial leverage trade credit generalized methods of moments |
| title | The Impact of Corporate Reputation on Financial Leverage and Trade Credit |
| title_full | The Impact of Corporate Reputation on Financial Leverage and Trade Credit |
| title_fullStr | The Impact of Corporate Reputation on Financial Leverage and Trade Credit |
| title_full_unstemmed | The Impact of Corporate Reputation on Financial Leverage and Trade Credit |
| title_short | The Impact of Corporate Reputation on Financial Leverage and Trade Credit |
| title_sort | impact of corporate reputation on financial leverage and trade credit |
| topic | corporate reputation financial leverage trade credit generalized methods of moments |
| url | https://jfm.alzahra.ac.ir/article_8200_3fdf350d8d6caaa01317899b5a337a29.pdf |
| work_keys_str_mv | AT mohsenkhotanlou theimpactofcorporatereputationonfinancialleverageandtradecredit AT mahdikazemiolum theimpactofcorporatereputationonfinancialleverageandtradecredit AT farzadziyaei theimpactofcorporatereputationonfinancialleverageandtradecredit AT mohsenkhotanlou impactofcorporatereputationonfinancialleverageandtradecredit AT mahdikazemiolum impactofcorporatereputationonfinancialleverageandtradecredit AT farzadziyaei impactofcorporatereputationonfinancialleverageandtradecredit |