Relationship between relationship-based loan and the focus of credit market with financing costs of firms listed in Tehran Stock Exchange Amiri Hasan*, Ramezani Javad** *Department Human Resources, Nour Branch, Islamic Azad University, Nour, Iran **Assistant Professor, Department Human Resourses, Quemshahr Branch, Islamic Azad University, Quemshahr, Iran Online published on 16 August, 2018. Abstract Present study investigates the relationship between relationship-based loan and the focus of credit market with the financing costs of firms listed in Tehran Stock Exchange. For this purpose, 88 firms were selected using systematic elimination method. And their loan information was extracted for the five financial years ended in 1394. Assumptions were tested and reviewed using least squares regression method The results showed that the loans received from main banks of firm had lower costs, but the duration of relationship between bank and firm had no effect on the cost of interest on loans. Also, focus increasing of credit market and competition reduction in credit market will lead to higher financing costs. Top Keywords Relationship-based loans, credit market focus, financing costs. Top |