چکیده مقاله
This article evaluates the impact of Islamic financial markets, particularly Sukuk, on corporate financing in Iran during the years 2016 2023 The main objective is to examine the quantitative and qualitative role of these instruments in providing companies with the necessary financial resources and to analyze the challenges and opportunities ahead The research methodology is descriptive analytical, and real data has been collected from reports of the Tehran Stock Exchange, Iran Fara Bourse, and the Securities and Exchange Organization Panel data regression is used for analysis and estimation of effects, which allows for controlling firm specific fixed effects and increasing the accuracy of estimations Research findings indicate that the Sukuk market experienced significant growth in volume and value during the period under review, with Ijarah Sukuk accounting for a major share of this market The analysis results show a positive and significant impact of Sukuk on improving capital structure and increasing companies' financing capacity; such that the use of Sukuk can lead to a reduction in companies' debt ratios These instruments have helped diversify companies' financing sources and reduce their reliance on traditional sources such as bank loans However, challenges such as the complexity of the issuance process, the need for underlying assets, and insufficient development of the secondary market still exist Finally, the article provides suggestions for facilitating the issuance process, developing the secondary market, designing more diverse instruments, and strengthening institutional cooperation to maximize the potential of Sukuk
کلیدواژهها
نویسندگان
Leila Abdollahzadeh Ramhormozi
Assistant Professor and Faculty Member, Economics Department, Islamic Azad University, North Tehran Branch
Azadeh Mazdeh
M A in Financial Management, Islamic Azad University, Central Tehran Branch Consultant Representative for Listing and Offering, Tamaddon Investment Brokerage
شیوه ارجاع
Abdollahzadeh Ramhormozi, Leila and Mazdeh, Azadeh,1404,Evaluating the Impact of Islamic Financial Markets (Sukuk) on Corporate Financing Using Real Data in Iran During 2016-2023 with Panel Data Method,6th International Conference on Management, Business, Economics and Accounting
ارائهشده در
مجموعه مقالات ششمین کنفرانس بین المللی مدیریت، بازرگانی، اقتصاد و حسابداری30 خرداد 1404