TY - JOUR ID - 114990 TI - Investigating the Relationship between Ownership Structure and Debt Cost with an Emphasis on the Role of Financial Crisis JO - International Journal of Management, Accounting and Economics JA - IJMAE LA - en SN - AU - Karimi, Mohammad Reza AU - Abdoli, Mohammad Reza AU - Eskandari, Mehdi AD - Department of Accounting, Barayand Institute of Hiegher Education, Shahrood, Iran AD - Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran Y1 - 2017 PY - 2017 VL - 4 IS - 3 SP - 252 EP - 269 KW - Ownership structure KW - debt cost KW - financial crisis KW - institutional ownership DO - N2 - Capital structure discusses the composition of company financing sources including short-term debts, bonds, long-term debt, preferred stock, and common stock. Some firms define no predetermined plan for capital structure; rather, the capital structure is determined respecting to financial decisions taken by financial management lacking any specific plan. Despite these firms may succeed in short-term, finally they face major problems for required financing activities.  The main objective of the present research is to study the relationship between ownership structure and debt cost focusing on the role of financial crisis in companies listed in Tehran Stock Exchange within 2011-2015 (a five-year period). The results show that there is no significant relationship between the type of ownership and debt cost; in addition, financial crisis may not mediate the relationship between ownership and debt cost.  On the other hand, the results also indicate that there is no significant relationship between the proportion of institutional owners and debt cost; further, financial crisis shows no mediating role. UR - https://www.ijmae.com/article_114990.html L1 - https://www.ijmae.com/article_114990_6d84fa8139d5504bb05d6a0d8b85afa0.pdf ER -