The relationship between corporate governance and financial reporting with emphasis on the role of debt (Evidence from Listed Companies in Tehran Stock Exchange)

This research examines the association between Corporate Governance andfinancial reporting, with emphasis on the role of debt. Prior research suggests showed that Corporate Governance influence on Capital Structure. This essay investigates whether of corporate governance mechanisms are constrained from Institutional investors, percentage of out director, the share of corporate government and major investors and Debt Structure Intensity is the key gauge of Capital Structure. For investigating this relationship; we use data for 85 listed companies on Tehran Stock Exchange for period of 2008-2011. In this research, Institutional investors, percentage of out director, the share of corporate government and major investors are the Mechanisms of Corporate Governance , debt instructor density is the basic gauge of capital instructor and the variables such as company age, Distribution Intensity, Insale, Tangibility are considered as control variables. The results of this research, shows that there is not a reasonable relation between fundamental investors and Debt Structure Intensity. There is not reasonable relation between percentage of out director and Debt Structure Intensity too. On the other hand, the direct and reasonable relation between the share of corporate government and Debt Structure Intensity. As a conclusion, indirect and confirmable relation between major shareholder and Debt Structure Intensity.