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:: Volume 4, Issue 15 (quarterly journal of Fiscal and Economic Policies 2017) ::
3 2017, 4(15): 135-158 Back to browse issues page
Effective reasons on cost of equity capital by emphasise on audit quality in the Tehran security exchange
Amin Hoshyar Mr , Laleh Beyrami Mis
Abstract:   (1561 Views)

The cost of capital is the least rate of return that a company for satisfying its investors, should achieve that rate. This study aims to examine the effect of audit quality on reducing capital cost. For this purpose, three indicators for audit quality are used: auditor size, auditor specialization in an industry, and auditor tenure. The research uses 69 listed companies’ data in Tehran stock exchange during 2002-2010. For analysis this data, multivariate regression models have been applied. The results indicate that the auditor size, and the auditor specialization in an industry don't have any significant effect on capital cost reduction, but an increase in the auditor tenure reduces the company capital cost.

Keywords: Cost of Equity Capital, Auditing Quality, Auditor Size, Auditor Specialization in Industry and Auditor Tenure.
Full-Text [PDF 974 kb]   (1954 Downloads)    
Type of Study: Research | Subject: Special
Received: 2015/04/15 | Accepted: 2017/03/8 | Published: 2017/03/8
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hoshyar A, beyrami L. Effective reasons on cost of equity capital by emphasise on audit quality in the Tehran security exchange. 3. 2017; 4 (15) :135-158
URL: http://qjfep.ir/article-1-265-en.html


Volume 4, Issue 15 (quarterly journal of Fiscal and Economic Policies 2017) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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