Factors affecting the credit rating of issuers in the capital market
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

Factors affecting the credit rating of issuers in the capital market

Document Type : Original Article

Authors
Mohsen Ansari Mahyari 1
Zadollah Fathi 2
Azadeh Mehrani 3
1 Department of industrial Management, Central Tehran branch, Islamic Azad University, Tehran, Iran
2 Department of Financial Management, Central Tehran branch, Islamic Azad University, Tehran, Iran,
3 Department of Management&Accounting, Central Nowshahr branch, Islamic Azad University, Nowshahr, Iran
10.22034/jse.2023.12264.2163
Abstract
The credit rating of companies is an important factor in the reliability of companies that It can influence the behavior of investors and market activists and gain their trust.
The main purpose of this study is to identify factors affecting the credit rating of publishers in the market. The statistical population of this research is all the companies accepted in the Tehran Stock Exchange and the number of the statistical sample of this research is 118 companies. The time periode of the research is from 1393 to 1400 (Iranian calendar). The test of the research hypotheses has been done by the econometric method of panel data and by using Eviews software. The results of the research hypotheses test show the effect of the variables of earnings, operating profit, economic incom, earnings before income tax and Acid ratio on the credit rating of publishers. Also, based on the results of regression coefficient, the highest coefficient related to the acid ratio with 0.16 and the lowest coefficient related to economic incom with 0.14 were obtained.
Keywords
Credit rating
issuers
capital market
Subjects
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Quarterly Journal of Securities Exchange
Volume 17, Issue 65
Summer 2024
Pages 173-189