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The Study of the relationship between Factors of Corporate Governance and Financial Performance in TSE’s Listed Companies
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| Youness Badavar Nahandi, Mostafa Zareii |
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Abstract: (1330 Views) |
The main purpose in this research is to study the relationship Ownership Structure and financial and Economical criteria in assessing the performance of Companies Listed at Tehran Stock Exchange. To do this, 84 firms from our statistical society for a period of five years (2005-2009) were chosen. Dependant variables include: Return on Investment, annual stocks yield and P/B ratio for financial performance assessment criteria and TobinsQ, market value-added and economical value-added for economical performance assessment criteria have been considered. Independent variables, in which two criteria of Ownership Structure as: institutional ownership and Concentration ownership were studied. Finding of research shows that there is a positive and meaningful relationship between institutional ownership with financial and economical performance assessment criteria. Also there is a negative and meaningful relationship between Concentration ownership with financial and economical performance assessment criteria of the firms |
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| Keywords: Corporate governance, institutional ownership, Concentration ownership, criteria in assessing |
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Full-Text [PDF 2879 kb]
(27 Downloads)
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Type of Study: Research |
Subject:
General
Received: 2011/10/6 | Accepted: 2011/12/16 | Published: 2011/12/22
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