The Relationship between Corporate Governance and Created Shareholder Value
The research treat the proportion of institutional investors, institutional investors concentration, the directors of board compensation, the proportion of outside directors and CEO nonduality as corporate governance mechanisms with created shareholders value (CSV) as performance measurement. To pe...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2011-12-01
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| Series: | Muṭāli̒āt-i Mudīriyyat-i Ṣan̒atī |
| Subjects: | |
| Online Access: | https://jims.atu.ac.ir/article_4536_f5c9640eda3f634e95e86d4706f59838.pdf |
| _version_ | 1827392801052033024 |
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| author | Yahya Hassas Yeganeh Abdollah Moloudi |
| author_facet | Yahya Hassas Yeganeh Abdollah Moloudi |
| author_sort | Yahya Hassas Yeganeh |
| collection | DOAJ |
| description | The research treat the proportion of institutional investors, institutional investors concentration, the directors of board compensation, the proportion of outside directors and CEO nonduality as corporate governance mechanisms with created shareholders value (CSV) as performance measurement. To perform this research, the data for 63 publicly listed firms in Tehran Stock Exchange during 2003-2009 were used. For this purpose, sample firms were divided in two group. Group1 including the firms were created value (the shareholder return exceeds the required return), group2 including the firms were destroyed value (the shareholder return is less than the required return). The research hypotheses were tested by using regression analysis and independent t-test, findings showed that:
In firms that were created value, we detected a direct significant relationship between directors of board compensation and CSV.
In firms that were destroyed value, we detected a direct significant relationship between institutional investors concentration and CSV.
In firms that were destroyed value, we detected an inverse significant relationship between directors of board compensation and proportion of outside directors with CSV.
We did not detect a significant relationship between proportion of institutional investors and CEO non-duality with CSV. |
| first_indexed | 2024-03-08T17:38:36Z |
| format | Article |
| id | doaj.art-0d41aa66c7ec4d9aaa8f471c29b967f7 |
| institution | Directory Open Access Journal |
| issn | 2251-8029 2476-602X |
| language | fas |
| last_indexed | 2024-03-08T17:38:36Z |
| publishDate | 2011-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Muṭāli̒āt-i Mudīriyyat-i Ṣan̒atī |
| spelling | doaj.art-0d41aa66c7ec4d9aaa8f471c29b967f72024-01-02T11:15:03ZfasAllameh Tabataba'i University PressMuṭāli̒āt-i Mudīriyyat-i Ṣan̒atī2251-80292476-602X2011-12-019232332614536The Relationship between Corporate Governance and Created Shareholder ValueYahya Hassas Yeganeh0Abdollah Moloudi1استادیار گروه حسابداری دانشکده مدیریت و حسابداری دانشگاه علامه طباطبایی، (مسئول مکاتبات)کارشناس ارشد حسابداری، دانشکده علوم اقتصادی،تهرانThe research treat the proportion of institutional investors, institutional investors concentration, the directors of board compensation, the proportion of outside directors and CEO nonduality as corporate governance mechanisms with created shareholders value (CSV) as performance measurement. To perform this research, the data for 63 publicly listed firms in Tehran Stock Exchange during 2003-2009 were used. For this purpose, sample firms were divided in two group. Group1 including the firms were created value (the shareholder return exceeds the required return), group2 including the firms were destroyed value (the shareholder return is less than the required return). The research hypotheses were tested by using regression analysis and independent t-test, findings showed that: In firms that were created value, we detected a direct significant relationship between directors of board compensation and CSV. In firms that were destroyed value, we detected a direct significant relationship between institutional investors concentration and CSV. In firms that were destroyed value, we detected an inverse significant relationship between directors of board compensation and proportion of outside directors with CSV. We did not detect a significant relationship between proportion of institutional investors and CEO non-duality with CSV.https://jims.atu.ac.ir/article_4536_f5c9640eda3f634e95e86d4706f59838.pdfcorporative governancecreated shareholders valueblock-holdings |
| spellingShingle | Yahya Hassas Yeganeh Abdollah Moloudi The Relationship between Corporate Governance and Created Shareholder Value Muṭāli̒āt-i Mudīriyyat-i Ṣan̒atī corporative governance created shareholders value block-holdings |
| title | The Relationship between Corporate Governance and Created Shareholder Value |
| title_full | The Relationship between Corporate Governance and Created Shareholder Value |
| title_fullStr | The Relationship between Corporate Governance and Created Shareholder Value |
| title_full_unstemmed | The Relationship between Corporate Governance and Created Shareholder Value |
| title_short | The Relationship between Corporate Governance and Created Shareholder Value |
| title_sort | relationship between corporate governance and created shareholder value |
| topic | corporative governance created shareholders value block-holdings |
| url | https://jims.atu.ac.ir/article_4536_f5c9640eda3f634e95e86d4706f59838.pdf |
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