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  1 - The Effect of Financing Policies on the Agency Cost
  Hosein Jabbari Halimeh Rahmani Mohammadali Vafapor
  In this study ,we provided survey the effect of financing policies on the agency cost in the stock exchange market of Tehran. Agency relation is an agreement, according that owner elect the person and give option to him for deicide firm's operating activity. After agenc More

  In this study ,we provided survey the effect of financing policies on the agency cost in the stock exchange market of Tehran. Agency relation is an agreement, according that owner elect the person and give option to him for deicide firm's operating activity. After agency agreement, agency cost raised because of conflict interests between both of the agreement parties. Agency cost has inversing effect on the firm. Therefore the firm looks for controlling and reduce the agency cost. In this research, we defined "Q Tobin "Index to measure the agency cost. This study is applied research and its purpose is surveying the relation between financial leverage, cash dividend and debt ratio of firm's on agency cost. The society of this study is consisted of all active firms in Tehran stock exchange in duration,(1384-1388). After systematic sampling, we collecting 186 firms. In order to test the correlation between the variables, Pearson Correlation Coefficient is used. Also the result of Durbin Watson test is 1. 822 and it means that there is not first order serial and on totality can reliance to results. The results show that there is no relation between financial leverage and agency cost. Also the findings show positive relation between cash dividend and agency cost. Finally the result show negative relation between debt ratio and agency cost Manuscript profile