:: Volume 5, Issue 1 (modern theories of accounting,spring 2015,vol.5,no.1,ser.15 2015) ::
3 2015, 5(1): 1-20 Back to browse issues page
Institutional Ownership of Banks and cost of debt, in Tehran Stock Exchange Listed Firms
Ghodrat alah Talebnia , Atefeh alsadat Mirhosseini
Abstract:   (2149 Views)
Abstract
This paper categorizes institutional investors in two category as a theoretical view. First, investors which have a business relationship with the companies in which they hold shares and second vice versa. Banks are existing in second category. The aim of this study is to determine the effect of institutional ownership of banks on the cost of debt in the firms accepted in Tehran Stock exchange. To test the hypotheses of the study 140 accepted firms during the period 2006 to 2013 considered as the sample. The generalized least squares (GLS) method and the correlation method have been used with regression analysis. Hypothesis testing with multiple regression analysis is performed using longitudinal panel data. The result shows the existence of a positive relation between institutional ownership of bank and the cost of debt.
 
Keywords: Institutional Ownership, Bank, cost of debt.
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Type of Study: Research | Subject: General
Received: 2014/11/30 | Accepted: 2015/03/12 | Published: 2015/03/21


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Volume 5, Issue 1 (modern theories of accounting,spring 2015,vol.5,no.1,ser.15 2015) Back to browse issues page