Free Cash Flow, Capital Structure and the Value of Listed Companies in Tehran Stock Exchange

The current research attempts to investigate the relationship between thefree cash follow and capital structure and value of listed companies in TehranStock Exchange. For this reason, 80 companies were investigated during 2009-2013. Lehn. & poulsen and debt leverage models were used to measure the freecash flow and capital structure respectively. The firm value was also calculatedby Tobin’s Q. Findings showed that free cash flow and capital structure havesignificant and positive effects on firm value.

کلیدواژه ها:

Free cash flow ، capital structure ، firm value