Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange

The purpose of this study is to investigate audit quality impact on cost of equity capital. The data has been collected from financial statements of 91 firms accepted in Tehran Stock Exchange (TSE) in the years 2004 to 2010. In this study, the audit quality is measured by audit size and auditor tenu...

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Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2013
Materias:	keywords: cost of equity capital audit quality audit firm size auditor tenure Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/179d9403dd0e4a4da43cead900292d46
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id	oai:doaj.org-article:179d9403dd0e4a4da43cead900292d46
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spelling	oai:doaj.org-article:179d9403dd0e4a4da43cead900292d462021-11-04T19:45:29ZAudit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2013.607https://doaj.org/article/179d9403dd0e4a4da43cead900292d462013-12-01T00:00:00Zhttps://jak.uk.ac.ir/article_607_1723bc52ad5c08e178a5e8e8390fbdde.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThe purpose of this study is to investigate audit quality impact on cost of equity capital. The data has been collected from financial statements of 91 firms accepted in Tehran Stock Exchange (TSE) in the years 2004 to 2010. In this study, the audit quality is measured by audit size and auditor tenure, and the cost of equity capital is measured by industry-adjusted earnings-price ratio. The hypotheses of the study were tested by polled regression model. The results indicate that audit firm size and auditor tenure have meaningful negative relationships with cost of equity capital. Hence, it could be concluded that audit quality reduces cost of equity capital of the manufacturing companies accepted in Tehran Stock Exchange.Shahid Bahonar University of Kermanarticlekeywords: cost of equity capitalaudit qualityaudit firm sizeauditor tenureAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 4, Iss 14, Pp 129-146 (2013)
institution	DOAJ
collection	DOAJ
language	FA
topic	keywords: cost of equity capital audit quality audit firm size auditor tenure Accounting. Bookkeeping HF5601-5689
spellingShingle	keywords: cost of equity capital audit quality audit firm size auditor tenure Accounting. Bookkeeping HF5601-5689 Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
description	The purpose of this study is to investigate audit quality impact on cost of equity capital. The data has been collected from financial statements of 91 firms accepted in Tehran Stock Exchange (TSE) in the years 2004 to 2010. In this study, the audit quality is measured by audit size and auditor tenure, and the cost of equity capital is measured by industry-adjusted earnings-price ratio. The hypotheses of the study were tested by polled regression model. The results indicate that audit firm size and auditor tenure have meaningful negative relationships with cost of equity capital. Hence, it could be concluded that audit quality reduces cost of equity capital of the manufacturing companies accepted in Tehran Stock Exchange.
format	article
title	Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
title_short	Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
title_full	Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
title_fullStr	Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
title_full_unstemmed	Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange
title_sort	audit quality impact on cost of equity capital in companies accepted in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2013
url	https://doaj.org/article/179d9403dd0e4a4da43cead900292d46
_version_	1718444633301712896

Audit Quality Impact on Cost of Equity Capital in Companies Accepted in Tehran Stock Exchange

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