M.A. Thesis:

The relationship between short-term and long term debts with Tobin Q ratio and refined economic value added

The aim of this study was to investigate the relationship between short-term and long-term debts with Tobin's Q ratio and refined economic value added of companies listed on the Stock Exchange in Tehran. Independent variables in this study, short-term and long-term debts and dependent variables is Tobin's Q ratio and refined economic value added. Data collection information for 135 companies listed in Tehran Stock Exchange during the years 1389 to 1393 were analyzed.The statistical technique used to test the hypothesis proposed in this research panel data, the random effects model is painting.The results indicate a positive and significant relationship between the proportion of short-term debts and Tobin's Q ratio and have negative and significant relationship between of long-term debts and Tobin's Q ratio.The results showed a positive and significant relationship between of short-term debts ratio and refined economic value added and a negative and significant relationship between of long-term debts ratio and refined economic value added.

Keywords: short-term debts, long-term debts, Tobin's Q ratio, refined economic value added