The development of companies leads to the creation of wealth only when there is a rational cost-benefit relationship between the cost of capital and the efficiency of the projects. The cost of capital is influenced by the method of financing, and its yield is reflected in the accounting profit and finally in the stock yield. This research has investigated this issue using the differential method and on 182 companies admitted to the Tehran Stock Exchange in the years 2016 to 2016. The role of the financing method on the profitability of the stock market and the financial efficiency of companies with capital projects has also been investigated. The results show that in emerging economies like Iran, the performance of financial efficiency and the profitability of the stock market of companies with capital projects are not affected by their financing methods. Also, the performance trend of financial efficiency and profitability of the stock market in this research sample follows similar patterns. These findings provide new evidence regarding competing theories of corporate financing.
Aljhayyish,A T A , Saei,M J and Bagherpour Velashani,M A . (2025). Investigating the profitability of the stock market and the financial efficiency of companies with capital projects, including the interactive role of the financing method. (e46297). Monetary & Financial Economics, 32(Spring & Summer 2025), e46297 doi: 10.22067/mfe.2025.91415.1487
MLA
Aljhayyish,A T A , , Saei,M J , and Bagherpour Velashani,M A . "Investigating the profitability of the stock market and the financial efficiency of companies with capital projects, including the interactive role of the financing method" .e46297 , Monetary & Financial Economics, 32, Spring & Summer 2025, 2025, e46297. doi: 10.22067/mfe.2025.91415.1487
HARVARD
Aljhayyish A T A, Saei M J, Bagherpour Velashani M A. (2025). 'Investigating the profitability of the stock market and the financial efficiency of companies with capital projects, including the interactive role of the financing method', Monetary & Financial Economics, 32(Spring & Summer 2025), e46297. doi: 10.22067/mfe.2025.91415.1487
CHICAGO
A T A Aljhayyish, M J Saei and M A Bagherpour Velashani, "Investigating the profitability of the stock market and the financial efficiency of companies with capital projects, including the interactive role of the financing method," Monetary & Financial Economics, 32 Spring & Summer 2025 (2025): e46297, doi: 10.22067/mfe.2025.91415.1487
VANCOUVER
Aljhayyish A T A, Saei M J, Bagherpour Velashani M A. Investigating the profitability of the stock market and the financial efficiency of companies with capital projects, including the interactive role of the financing method. Monetary & Financial Economics. 2025;32(Spring & Summer 2025):e46297 (In Persian). doi: 10.22067/mfe.2025.91415.1487
