International Journal of Finance & Managerial Accounting

International Journal of Finance & Managerial Accounting

Investigation of the Quality of Accounting Information and Capital Cost According to the Adjusting Role of Financial and Environmental Characteristics in the Iran Capital Market in Companies Listed on the Tehran Stock Exchange

Document Type : Original Article

Authors
Seyed Ali Asghar Mousavi ghazafroudi 1
Gholamreza Farsad Amanollahi 2
Amir Reza Keyghobadi 3
Negar Khosravipour 3
1 Ph.D. Student in Accounting, Accounting Department, Tehran Markaz Branch, Islamic Azad University, Tehran, Iran.
2 Assistant Professor Faculty of Economics and Accounting, Islamic Azad University, Tehran Markaz Branch, Tehran, Iran.
3 Assistant Professor, Faculty of Economics and Accounting, Islamic Azad University, Tehran Markaz Branch, Tehran, Iran.
10.30495/ijfma.2023.20526
Abstract
The purpose of the present study is to investigate the quality of accounting information and capital cost according to the adjusting role of financial and environmental characteristics in the Iran capital market in companies listed on the Tehran Stock Exchange. This research is included in the category of exploratory researches in terms of scientific value, depth, extreme limit of research, fundamental and the goal of the research, and it is in descriptive research category according to its research method. The statistical population is the companies listed on the Tehran Stock Exchange that have been listed on the Tehran Stock Exchange from 2009 to 2018. Based on the method of systematic elimination, 120 companies listed on the Tehran Stock Exchange were selected as the statistical sample. In order to test the research hypotheses, at the first the independent and dependent variables of each year were calculated. Then, the econometric method of data integration and structural equations was used. Chav test was used to determine the appropriate method for estimating the regression model. In order to test the significance of the research hypotheses; the fixed effects method that was the result of the mentioned test, was used. In the next step, using structural equations, the relationship and intensity of correlation and relationships between variables were investigated. The results showed that the effect of audit quality, operational diversification and speed of capital structure amendment on pricing of accounting information quality has been confirmed....
Keywords
Audit Quality
Operational Diversification
Speed of Capital Structure Amendment
Capital Cost
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