رابطه كيفيت اقلام تعهدي و هزينه سرمايه در ايران

The Relationship between Accruals Quality and Cost of Capital in Iran

In this study, the effect of accruals quality on cost of capital for firms accepted in Tehran Stock Exchange has been analyzed.(accruals, has defined as difference between accounting earnings and cash flows). The aim of this study is to determine. if accruals quality (AQ) has meaningful effect on cost of capital (cost of debt and cost of equity). Therefore 85 firms in the period of 1376-1384 have been studied. The selected approach for test hypotheses is panel data analysis. AQ is separated to discretionary and nondiscretionary, to test the results of these two components on cost of capital. The results show that, the cost of capital of firms isnʹt influenced by AQ and its components. On the other words, we couldnʹt accept that there is a meaningful difference between cost of capital of firms with poor AQ and those of with high AQ.