Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies
The main purpose of this study is to investigate the impact of corporate governance and company strategy on the performance of family-owned companies among companies listed on the Tehran Stock Exchange.The present study is in the group of descriptive-correlational researchers in terms of applied pur...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Alzahra University
2023-12-01
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| Series: | پژوهشهای تجربی حسابداری |
| Subjects: | |
| Online Access: | https://jera.alzahra.ac.ir/article_7457_1d97c50dcb3c6d1902b767d8dd49d971.pdf |
| _version_ | 1797296248182538240 |
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| author | Maryam Barzegar Seyed Mostafa Alavi Alavi |
| author_facet | Maryam Barzegar Seyed Mostafa Alavi Alavi |
| author_sort | Maryam Barzegar |
| collection | DOAJ |
| description | The main purpose of this study is to investigate the impact of corporate governance and company strategy on the performance of family-owned companies among companies listed on the Tehran Stock Exchange.The present study is in the group of descriptive-correlational researchers in terms of applied purpose and terms of the data collection method. Also, to select the sample size, a systematic elimination sampling method (screening) was used, which according to the considered conditions, finally 183 companies in a period of 6 years between 1394 to 1399 (a total of 1098 years- Companies) were analyzed. To test the hypotheses, multivariate regression methods have been used using Eviews8 software and using panel data method - fixed effects and integrated data method.The results obtained in this study show that in general, family ownership has an inverse and significant relationship with the financial performance of companies. The effect of institutional ownership on the relationship between board independence, managers' rewards, and company diversity with corporate financial performance has been positive and significant |
| first_indexed | 2024-03-07T22:00:42Z |
| format | Article |
| id | doaj.art-04831fbe80344965820cfe0816be11ef |
| institution | Directory Open Access Journal |
| issn | 2251-8509 2538-1520 |
| language | fas |
| last_indexed | 2024-03-07T22:00:42Z |
| publishDate | 2023-12-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | پژوهشهای تجربی حسابداری |
| spelling | doaj.art-04831fbe80344965820cfe0816be11ef2024-02-24T04:52:24ZfasAlzahra Universityپژوهشهای تجربی حسابداری2251-85092538-15202023-12-0113411114210.22051/jera.2023.40593.31317457Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned CompaniesMaryam Barzegar0Seyed Mostafa Alavi Alavi1M.Sc. Department of Accounting, Imam Khomeini International University, Qazvin, IranPh.D. Department of Accounting, Tehran, IranThe main purpose of this study is to investigate the impact of corporate governance and company strategy on the performance of family-owned companies among companies listed on the Tehran Stock Exchange.The present study is in the group of descriptive-correlational researchers in terms of applied purpose and terms of the data collection method. Also, to select the sample size, a systematic elimination sampling method (screening) was used, which according to the considered conditions, finally 183 companies in a period of 6 years between 1394 to 1399 (a total of 1098 years- Companies) were analyzed. To test the hypotheses, multivariate regression methods have been used using Eviews8 software and using panel data method - fixed effects and integrated data method.The results obtained in this study show that in general, family ownership has an inverse and significant relationship with the financial performance of companies. The effect of institutional ownership on the relationship between board independence, managers' rewards, and company diversity with corporate financial performance has been positive and significanthttps://jera.alzahra.ac.ir/article_7457_1d97c50dcb3c6d1902b767d8dd49d971.pdfcorporate governancecorporate strategyfinancial performancefamily ownership |
| spellingShingle | Maryam Barzegar Seyed Mostafa Alavi Alavi Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies پژوهشهای تجربی حسابداری corporate governance corporate strategy financial performance family ownership |
| title | Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies |
| title_full | Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies |
| title_fullStr | Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies |
| title_full_unstemmed | Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies |
| title_short | Investigating the Impact of Corporate Governance and Company Strategy on the Performance of Family-Owned Companies |
| title_sort | investigating the impact of corporate governance and company strategy on the performance of family owned companies |
| topic | corporate governance corporate strategy financial performance family ownership |
| url | https://jera.alzahra.ac.ir/article_7457_1d97c50dcb3c6d1902b767d8dd49d971.pdf |
| work_keys_str_mv | AT maryambarzegar investigatingtheimpactofcorporategovernanceandcompanystrategyontheperformanceoffamilyownedcompanies AT seyedmostafaalavialavi investigatingtheimpactofcorporategovernanceandcompanystrategyontheperformanceoffamilyownedcompanies |