Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange

This research aims to investigate the relationship between disclosure quality of information and agency costs in the Tehran Stock Exchange. This has been followed by taking the conditions required for 98 companies in the years 2003-2012 and testing three secondary hypotheses. To test the hypotheses,...

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Autores principales:	Shokrollah Khajavi, Mohammad Hossein Fatheh, Zahra Najafi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	disclosure quality agency cost Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/e803bdff2558474882457bfa1da2df40
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spelling	oai:doaj.org-article:e803bdff2558474882457bfa1da2df402021-11-04T19:47:20ZRelationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2014.860https://doaj.org/article/e803bdff2558474882457bfa1da2df402014-12-01T00:00:00Zhttps://jak.uk.ac.ir/article_860_44962d92c7ed20399abc338e7b8b0146.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research aims to investigate the relationship between disclosure quality of information and agency costs in the Tehran Stock Exchange. This has been followed by taking the conditions required for 98 companies in the years 2003-2012 and testing three secondary hypotheses. To test the hypotheses, a multivariate regression model within a panel data framework has been used. The agency costs are measured by the asset turnover ratio, the ratio of operating expenses to sales, and the interaction between growth opportunities and free cash flow, and the disclosure quality of information is measured by the scores assigned to the companies in the announcement of disclosure quality by the Tehran Securities and Exchange. The results showed that in the Tehran Sock Exchange, disclosure quality of information has no significant effect on agency costsShokrollah KhajaviMohammad Hossein FathehZahra NajafiShahid Bahonar University of Kermanarticledisclosure qualityagency costAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 18, Pp 67-89 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	disclosure quality agency cost Accounting. Bookkeeping HF5601-5689
spellingShingle	disclosure quality agency cost Accounting. Bookkeeping HF5601-5689 Shokrollah Khajavi Mohammad Hossein Fatheh Zahra Najafi Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
description	This research aims to investigate the relationship between disclosure quality of information and agency costs in the Tehran Stock Exchange. This has been followed by taking the conditions required for 98 companies in the years 2003-2012 and testing three secondary hypotheses. To test the hypotheses, a multivariate regression model within a panel data framework has been used. The agency costs are measured by the asset turnover ratio, the ratio of operating expenses to sales, and the interaction between growth opportunities and free cash flow, and the disclosure quality of information is measured by the scores assigned to the companies in the announcement of disclosure quality by the Tehran Securities and Exchange. The results showed that in the Tehran Sock Exchange, disclosure quality of information has no significant effect on agency costs
format	article
author	Shokrollah Khajavi Mohammad Hossein Fatheh Zahra Najafi
author_facet	Shokrollah Khajavi Mohammad Hossein Fatheh Zahra Najafi
author_sort	Shokrollah Khajavi
title	Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
title_short	Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
title_full	Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
title_fullStr	Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
title_full_unstemmed	Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange
title_sort	relationship between disclosure quality and agency costs of companies listed in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/e803bdff2558474882457bfa1da2df40
work_keys_str_mv	AT shokrollahkhajavi relationshipbetweendisclosurequalityandagencycostsofcompanieslistedintehranstockexchange AT mohammadhosseinfatheh relationshipbetweendisclosurequalityandagencycostsofcompanieslistedintehranstockexchange AT zahranajafi relationshipbetweendisclosurequalityandagencycostsofcompanieslistedintehranstockexchange
_version_	1718444624995942400

Relationship between Disclosure Quality and Agency Costs of Companies listed in Tehran Stock Exchange

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