Evaluation of Effect of Profitability and Financial Leverage on Capital Structure of Manufacturing Companies of Tehran Stock Exchange

The purpose of this research is to evaluate the effect of profitability and financial leverage on the capital structure of manufacturing companies of Tehran Stock Exchange within a period of ۷ years from ۱۳۸۳ to ۱۳۸۹. The statistic sample was chosen randomly including ۸۳ manufacturing companies from among statistic society within the period limits of research. This study has a main hypothesis and two minor hypothesizes. In this research, it used of regression Model with panel data. Test the significant of the model was done using statistics of t and F. The findings of research show that profitability and financial leverage have effect on capital structure in the manufacturing companies of Tehran Stock Exchange. Finally within accepting the hypothesizes of this research, it can result profitability and financial leverage of studied companies in the mentioned period have negative significant effect on their capital structure

کلیدواژه ها:

profitability ، financial leverage ، capital structure. ، سودآوری ، اهرم مالی ، ساختار سرمایه