Impact of culture on debt maturity choice in Iran: Indicator of power distance and avoidance of uncertainty

سال انتشار: 1399
محل انتشار: چهارمین کنفرانس ملی پژوهش در حسابداری و مدیریت
کد COI اختصاصی: MANAGECONF04_123
زبان مقاله: انگلیسی
تعداد مشاهده: 563

نویسندگان

M.Sc. of Auditing, Allameh Tabataba i University, Tehran, Iran.

M.Sc. of Accounting, Islamic Azad University, Science and Research Branch, Zanjan, Iran.

چکیده

Corporate capital structure in different countries depends on many factors such as political, economic, cultural and social variables. Given that corporate capital structure is a guide for investors, government, employees and experts to determine the mechanism governing the market of the industry. It is also important to examine the capital structure of existing firms in Iran, as well as the relationship between this structure and the ratios like debt maturity, by using indicators like power distance and avoidance of uncertainty. The purpose of this study is to investigate the relationship between culture and debt maturity choice among Iranian companies. In fact, debt maturity structure can be regarded as an endogenous result of one social economic system in a particular development stage. This research is categorized as an applied research based its purpose and from a data collection point of view it is a descriptive-survey research. the questionnaire is the main instrument for collecting data in this survey research. This study was based on Nicomaram and Mohammadi standard model and fuzzy logic was used for data analysis. The results show that there is a positive relationship between avoidance of uncertainty and power distance with short-term debt maturity, meaning that the higher the level of the mentioned indices the higher the short-term maturity.

کلیدواژه ها

Debt Maturity, Culture, Avoidance of Uncertainty, Power Gap and Power distance.

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