M.A. Thesis:

Mandatory Disclosure Quality٫ Management Ownership٫ and Cost of Capital

The cost of capital cost of long-term finance company. Companies through debts, equity rights, the funds are financed and It will employ in assets. The price the Company Incur for financing through long-term debt and equity incur, Called cost of capital. As it is expected mandatory disclosure quality and management ownership affect the cost of capital. Mandatory disclosure quality referred to in this research is based on annual concessions the quality of corporate disclosure for listed companies in Tehran Stock Exchange has been calculated, is used. Weighted average Cost of Capital (WACC) formula for measuring the cost of capital for the ownership management, possession board, is used. In the present study sought to examine the relationship between mandatory disclosure quality and management ownership the cost of capital. In order to test the hypothesis used multivariate regression models Based on panel data were used to estimate. The study period covers the years 2009 to 2014. The sample consisted of 80 separate companies and 480 company-year view. The control variables firm size and the book value to market value ratio. Based on the results of research and statistical analysis at the level of 5% error could be said:. There is a significant and inverse relationship between mandatory disclosure quality is the cost of capital. There is a significant and straight relationship between management ownership is the cost of capital.

Keywords: Mandatory Disclosure Quality, Management Ownership, Cost of Capital, firm size, Book value to market