Title of article
A study on the effects of subsidies on market value: Evidence from Petrochemical and steel industries
Author/Authors
Norouzi، Batool نويسنده Department of management and Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran , , Hamidian، Mohsen نويسنده Assist. Prof. & Faculty Member, Department of Accounting, School of Management and Accounting, South Tehran Branch, Islamic Azad University (IAU), Tehran, Iran ,
Issue Information
ماهنامه با شماره پیاپی 40 سال 2015
Pages
6
From page
387
To page
392
Abstract
Iran’s 4th development plan has enrolled the federal government to increase energy prices and remove any subsidies paid to energy sector in an attempt to increase productivity and provide better social welfare. It is, therefore, important to investigate the effects of the law on different industries and the subsequent effects on economic growth. This study investigates the impacts of subsidies on the market value of listed companies in Tehran Stock Exchange in Petrochemical and Steel industries. The study selects two firms, Esfahanʹs Mobarakeh Steel Company and Fanavaran Petrochemical Co. using Auto Regressive Distributed Lags (ARDL) over the period 2008-2013. The results have indicated that there was a meaningful relationships between removal of subsidies and market value of the firms.
Journal title
Management Science Letters
Serial Year
2015
Journal title
Management Science Letters
Record number
1973261
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