Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Investigating the Impact of State Ownership on the Relationship between Sock Price Crash Risk and Capital Costs

Document Type : Original Article

Authors
1 University of Nasser Khosro Saveh
2 save
Abstract
The cost of capital is considered as a measure of performance in the economic value added model and is the minimum rate of return that is required to maintain the market value of the company. The purpose of this study is to Investigating the Impact of State Ownership on the Relationship between Sock Price Crash Risk and Capital Costs. Research in terms of purpose is part of applied research and research method in terms of nature and content is cause and effect. The research was conducted in the framework of deductive-inductive reasoning and panel analysis was used to analyze the hypotheses. To collect information, data from 148 companies listed on the Tehran Stock Exchange in the period 1391-1399 have been used. The results of this study show that there is a positive and significant relationship between Sock Price Crash Risk and capital cost. And the positive effect of Sock Price Crash Risk on capital Costs is greater in state-owned companies.
Keywords