Investigating the Impact of Indicators Related to Supervision on Financing Mechanisms and Factors Affecting it

One of the important issues in the financing mechanisms and its selection is the issue of financial reporting that has been the focus of creditors and the capital market in recent years as the mainstream of financing. In this context, auditors, as an external corporate governance control and oversight mechanism, can play an important role in informing creditors and investors. Therefore, the present study investigates the impact of indicators related to supervision on financing mechanisms and factors affecting it. The statistical population of the study consists of 99 companies listed in Tehran Stock Exchange during the years 2012-2018 . Multivariate regression models were used to test the research hypotheses. , The findings of the study show that some variables of audit firm characteristics such as life, competitiveness, independence, number of partners, rank in the CAO, size and tenure of the firm , have significant effects on financing Debt, issuance of ordinary shares, over-leverage, risk and weighted average cost of capital.