This paper examines the effect of accounting variable and market variables on the cost of stock capital in Iran. The accruals are used as the accounting variable and the bid-ask spread and also the adverse selection component of the bid-ask spread is used as the market variables. The sample research contains 70 active corporations in Tehran Stock Market (TSE). The Fama and French model [1993]is used for data analyzing. Overall, our results show that the market variables have positively effect on the cost of stock capital but, the accounting variable has not the effect.
Khani, A., & Ghajavand, Z. (2014). The Effect of Accounting and Market Variables Asymmetry Information on the Common stock Cost of Capital. Accounting and Auditing Research, 6(21), 68-85. doi: 10.22034/iaar.2014.104399
MLA
Abdollah Khani; Ziba Ghajavand. "The Effect of Accounting and Market Variables Asymmetry Information on the Common stock Cost of Capital". Accounting and Auditing Research, 6, 21, 2014, 68-85. doi: 10.22034/iaar.2014.104399
HARVARD
Khani, A., Ghajavand, Z. (2014). 'The Effect of Accounting and Market Variables Asymmetry Information on the Common stock Cost of Capital', Accounting and Auditing Research, 6(21), pp. 68-85. doi: 10.22034/iaar.2014.104399
VANCOUVER
Khani, A., Ghajavand, Z. The Effect of Accounting and Market Variables Asymmetry Information on the Common stock Cost of Capital. Accounting and Auditing Research, 2014; 6(21): 68-85. doi: 10.22034/iaar.2014.104399
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