University of Isfahan Journal of Asset Management and Financing 2383-1189 1 3 2014 02 20 Effect of asset specificity on the financing method of listed companies in Tehran Stock Exchange Effect of asset specificity on the financing method of listed companies in Tehran Stock Exchange 15 32 19858 FA Maryam Khodaverdisamani university Ahmad Googedchian university Hadi Amairi Isfahan University Journal Article 2016 06 14 Possession of strategic assets is a necessary condition for sustained competitive advantage. This condition is, however, not sufficient. Firms require financial management capability to realize the rents present in their strategic assets. The firm-specific nature of strategic assets implies that they be financed primarily through equity other less specific assets should be financed through debt. In this study , we test these hypotheses using data from companies listed on the Tehran Stock Exchange, during 2000-2010. We run panel regression with STATA12 software. We find the negative correlation between the asset specificity and financing through debt and a positive correlation between assets specificity and the firms are financed through equity. Possession of strategic assets is a necessary condition for sustained competitive advantage. This condition is, however, not sufficient. Firms require financial management capability to realize the rents present in their strategic assets. The firm-specific nature of strategic assets implies that they be financed primarily through equity other less specific assets should be financed through debt. In this study , we test these hypotheses using data from companies listed on the Tehran Stock Exchange, during 2000-2010. We run panel regression with STATA12 software. We find the negative correlation between the asset specificity and financing through debt and a positive correlation between assets specificity and the firms are financed through equity. https://amf.ui.ac.ir/article_19858_d9db65e6fb3a966da117f508bd6d1be8.pdf