The study of growth opportunities relationship with divinded and debt policies in firms accepted in Tehran stock exchange

All corporations with various dimensions and sizes have opportunities for development. Those companies that did not use these opportunities will lose competition and their profitability decreases; therefore, firms are forced to study growth opportunities in order to achieve it and select the best direction. On the other hand, funding methods for opportunities are different and choosing each of them had direct effect on its profitability and firm's efficacy. This study tries to investigate relationship between growth opportunities with dividend and debt policies in 2003–2011 in firms accepted in Tehran stock exchange which are selected with random deletion method. Correlation analysis and linear regression test showed that there is a direct relationship between opportunities and dividend policy. There is a reverse relationship between opportunities and debts ratio to asset's market value and stock market value. There was no relationship between opportunities and debts sums ratio to asset's book value and stock book value.