Association between Corporate Governance and Corporate Performance in Iran

@article{ART001821739},
author={ Mahdi Moradi and Mahmood Mousavi Shiri and Mahdi Salehi and Habib Piri },
title={Association between Corporate Governance and Corporate Performance in Iran},
journal={유통과학연구},
issn={1738-3110},
year={2013},
volume={11},
number={11},
pages={5-11},
doi={10.15722/jds.11.11.201311.5},
url={http://dx.doi.org/10.15722/jds.11.11.201311.5}

TY - JOUR
AU - Mahdi Moradi
AU - Mahmood Mousavi Shiri
AU - Mahdi Salehi
AU - Habib Piri
TI - Association between Corporate Governance and Corporate Performance in Iran
T2 - 유통과학연구
PY - 2013
VL - 11
IS - 11
PB - 한국유통과학회
SP - 5-11
SN - 1738-3110
AB - Purpose Considering corporate companies that are continually growing and bearing in mind the theory of agency, how confident can stakeholders be about their benefits in relation to managers’decisions? Previous research has indicated that the type of corporate governance can have an effective impact on companies’ performance. The current study aims to investigate the impact of ownership structure on listed companies on the Tehran Stock Exchange. Research Design, Data, and Methodology Through use of the correlation coefficient, the results indicate a positive correlation among the percentage of common stock held by board members, the percentage of non-executive board members, and separation of the positions of chairperson of the board of directors and managing director. Results Based on the return on assets index, only the correlation between the proportion of ownership of the managing director and financial investment company ownership is significant. Conclusion Managers can potentially make decisions that –benefit themselves but are detrimental to shareholders' interests. Corporate governance is a factor that can mitigate agency costs. Corporate governance comprises the laws, regulations,structures, processes, cultures, and systems that lead to the achievement of objectives such as accountability, transparency,justice, and stakeholders' rights.
KW - Corporate Governance, Board Ownership, Tobin’s Q, Corporate Performance.
DO - 10.15722/jds.11.11.201311.5
UR - http://dx.doi.org/10.15722/jds.11.11.201311.5
ER -

Mahdi Moradi , Mahmood Mousavi Shiri , Mahdi Salehi and Habib Piri (2013). Association between Corporate Governance and Corporate Performance in Iran. 유통과학연구, 11( 11), 5- 11.

Mahdi Moradi , Mahmood Mousavi Shiri , Mahdi Salehi and Habib Piri . 2013, “Association between Corporate Governance and Corporate Performance in Iran”, 유통과학연구, vol. 11, no. 11, pp. 5-11. Available from: doi:10.15722/jds.11.11.201311.5

Mahdi Moradi Mahmood Mousavi Shiri et al. Mahdi Salehi Habib Piri “Association between Corporate Governance and Corporate Performance in Iran” 유통과학연구 11.11 pp. 5-11 (2013): 5.

Mahdi Moradi , Mahmood Mousavi Shiri , Mahdi Salehi , Habib Piri . Association between Corporate Governance and Corporate Performance in Iran 유통과학연구 [Internet]. 2013; 11( 11), : 5-11. Available from: doi:10.15722/jds.11.11.201311.5

Mahdi Moradi , Mahmood Mousavi Shiri , Mahdi Salehi and Habib Piri . “Association between Corporate Governance and Corporate Performance in Iran” 유통과학연구 11, no.11 (2013): 5-11. doi: 10.15722/jds.11.11.201311.5

홈 권호 목록 논문 목록 논문 상세

Association between Corporate Governance and Corporate Performance in Iran

유통과학연구

약어 : JDS

2013, vol.11, no.11, pp.5 - 11

DOI : 10.15722/jds.11.11.201311.5

발행기관 : 한국유통과학회

연구분야 : 경제학

Mahdi Moradi¹ , Mahmood Mousavi Shiri² , Mahdi Salehi³ , Habib Piri⁴

¹Ferdowsi University of Mashhad

²Payame Noor University

³Ferdowsi University of Mashhad

⁴Islamic Azad University

인용한 논문 수 : 1 서지 간략 보기

초록

Purpose Considering corporate companies that are continually growing and bearing in mind the theory of agency, how confident can stakeholders be about their benefits in relation to managers’decisions? Previous research has indicated that the type of corporate governance can have an effective impact on companies’ performance. The current study aims to investigate the impact of ownership structure on listed companies on the Tehran Stock Exchange. Research Design, Data, and Methodology Through use of the correlation coefficient, the results indicate a positive correlation among the percentage of common stock held by board members, the percentage of non-executive board members, and separation of the positions of chairperson of the board of directors and managing director. Results Based on the return on assets index, only the correlation between the proportion of ownership of the managing director and financial investment company ownership is significant. Conclusion Managers can potentially make decisions that –benefit themselves but are detrimental to shareholders' interests. Corporate governance is a factor that can mitigate agency costs. Corporate governance comprises the laws, regulations,structures, processes, cultures, and systems that lead to the achievement of objectives such as accountability, transparency,justice, and stakeholders' rights.

키워드

Corporate Governance, Board Ownership, Tobin’s Q, Corporate Performance.

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