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Relationships between Corporate Governance and Debt Cost Using SPSS Software: the case of Tehran Stock Exchange in Iran

Entrepreneurship and Innovation Management Journal

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Field Value
 
Title Relationships between Corporate Governance and Debt Cost Using SPSS Software: the case of Tehran Stock Exchange in Iran
 
Creator Moghani, Reza
Mohammadi, Shaban
 
Subject Debt cost, corporate governance, institutional shareholders, controlling shareholders, CEO duality
 
Description The purpose of this paper is to examine the relationships between corporate governance and debt cost of the listed companies on the Tehran Stock Exchange (TSE) in Iran. Validated measurement items for study variables were adopted from previous studies. Data were gathered from the audited financial statements of the firms provided by TSE’s website from 2010 to 2015. According to the results, board non-executive members had significant effects on informational communication satisfaction. All dimensions of corporate governance (board non-executive members, institutional shareholders; CEO duality) were significantly related to debt cost. Both dimensions of corporate governance (controlling shareholders and board size) were not significantly related to debt cost. Previous studies have generally considered corporate governance as a two-dimensional construct. This study extends the literature by conceptualizing corporate governance based on five dimensions (board non-executive members, institutional shareholders; CEO duality, controlling shareholders and board size). No study has taken into consideration five dimensions of corporate governance in an Asian context. In addition, few studies have investigated the relationships between corporate governance and debt cost.
 
Publisher Academy of Business & Scientific Research
 
Date 2016-08-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://absronline.org/journals/index.php/eimj/article/view/634
 
Source Entrepreneurship and Innovation Management Journal; Vol 4 No 3 (2016): August; 89-97
2311-1836
2310-0079
 
Language eng
 
Relation http://absronline.org/journals/index.php/eimj/article/view/634/653
 
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