The effect of comparability on the cost of debt in companies with different ownership structures in Iran's capital market

Articles in Press

Document Type : The scientific research paper

Authors

1 Master's degree in financial management, Islamic Azad University, Electronic Branch Tehran, Iran

2 Assistant Professor, Department of Business Administration, Islamic Azad University, Shahr-e-Qods Branch, Tehran, Iran.(Corresponding Author)

Abstract

The comparability of financial statements improves the information environment, increases the quality of financial reporting, reduces information asymmetry, and allows investors to more accurately assess the quality of companies through better comparison with similar companies. The research or objective of the effect of comparability on the cost of debt in companies with different ownership structures in the capital market of Iran was carried out. The research is considered to be of the accounting type in terms of applied purpose and descriptive data collection method. The investigated society is all the companies admitted to the Tehran Stock Exchange in the period from 2016 to 2016. The sample size is equal to the total number of active companies until the end of 1401, of which 264 companies were selected as samples. Descriptive and inferential statistics and SPSS software were used to analyze the research data. The results indicate that there is a negative relationship between comparability and cost of debt. Also, comparability has a greater effect on the cost of debt of non-government companies compared to government companies.

Keywords

Journal of Intelligent Marketing Management

Articles in Press, Accepted Manuscript
Available Online from 13 January 2024

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History

  • Receive Date: 08 January 2024
  • Revise Date: 20 May 2024
  • Accept Date: 13 January 2024

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