Evaluate The success of the companies in achieving the objectives of the capital increase

Document Type : Original Article

Authors

1 Assistant Professor of Accounting Department of Sistan and Baluchestan University, Iran

2 Certified Public Accountant and Managing Director, Iran

Abstract

Increasing capital is one of the means of financing the companies needed to implement new development or production projects. The most important goals of increasing corporate capital include improving financial structure, providing working capital, increasing shareholder wealth and increasing production capacity. The main goal of this study is to assess the extent to which companies succeed in achieving the goals of increasing capital. The population of this research is the stock exchange and companies that have been increasing their capital during the period from 1380 to 1394 have been investigated. Sampling in this research was performed using screening (knockout) method. Based on the above sampling, 37 companies were selected as sample companies. After collecting, the statistical data of the research were analyzed by Wilcoxon test and T test.
The results of the hypothesis test show that companies have not succeeded in achieving a reform of the financial structure, increasing the stockholders' wealth and production capacity through capital increase, but the hypothesis of working capital financing has been verified.

Keywords

Accounting and Auditing Research
Volume 11, Issue 44
January 2020
Pages 145-160

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