Author/Authors :
Heidariand، Ali نويسنده Department of Accounting, Bojnourd Branch, Islamic Azad University, Bojnourd, Iran , , Hosseinpour، Hamid نويسنده Department of Accounting, Bojnourd Branch, Islamic Azad University, Bojnourd, Iran , , Hatam، Javid نويسنده Department of Accounting, Bojnourd Branch, Islamic Azad University, Bojnourd, Iran , , Ghanbari، Mohammad Mehdi نويسنده Department of Chemistry, Sarvestan Branch, Islamic Azad University, Sarvestan, Iran ,
Abstract :
The purpose of the present study is to investigate the effects of corporate ownership structure on
capital cost of firms of food and medicine industry accepted in Tehran stock exchange. Research
hypotheses stated that corporate ownership structures have meaningful relationship with firms’ capital
cost, information quality has relationship with firms’ capital cost, ownership structures have
relationship with firms’ capital cost and board of director structure has relationship with capital cost
of firms. So 38 firms were considered from 2004 to 2008. Also the test was done separately for each
industry and the results showed that firms’ capital cost are not affected by corporate ownership
structure. In other words it can’t be accepted that there is a meaningful relationship between features
of corporate ownership structures (financial information quality, ownership structure and board of
directors structure) and firms’ capital cost.
