Objective of This, is to study, examin relationship between corporate governancemechanisms involve: percent of non-executive directors on board, blockholder ownership,institutional ownership and ownership concentration on cost of equity capital.to do Thisresearch, we ra
More
Objective of This, is to study, examin relationship between corporate governancemechanisms involve: percent of non-executive directors on board, blockholder ownership,institutional ownership and ownership concentration on cost of equity capital.to do Thisresearch, we rank firms as to corporate governance mechanisms. TOPSIS method is used torank sampling consisted of 114 companies listed in Tehran stock exchange during 2005-2011,which were selected by screening. hypotheses tested by multiple regression and generalizedleast squares method (GLS) was performed. We applied mann-whitney test to presentdifference between average cost of equity capital firms in high/low rank. the resultcorroborates that there is a direct relation between The percent of board, block holderownership, institutional ownership and ownership concentration with cost of equity capital ,there is also a Negative and significant relation between the corporate governance high/lowrank with cost of equity capital.
Manuscript profile
