Volume 26, Issue 1 (6-2013)                   JMDP 2013, 26(1): 191-213 | Back to browse issues page

XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Abbasi M, Ahmadi M. The Relationship between Institutional Governance-Ownership and Firm Value. JMDP 2013; 26 (1) :191-213
URL: http://jmdp.ir/article-1-1625-en.html
1- , abbasi.majid2010@gmail.com
Abstract:   (9788 Views)
Institutional investors enjoy a significant influence on the corporations and play a strategic role because of owning a considerable portion of corporate shares and due to their supervision role. Moreover, they have sufficient incentives and authority to closely monitor the managers and make changes in the corporate structures. This paper is to examine the effects of the presence of institutional investors in the board of directors as well as the impacts of the amount of institutional ownership and Q. Tobin Ratio as the criteria for measuring the firm value of the corporations listed on the Tehran Stock Exchange (TSE). This paper utilizes a panel data analysis over a nine-year period from years 2001 to 2009. The multiple correlation coefficients and multiple regression analysis are used to test the hypotheses. The results indicate a positive and significant relationship between institutional investors’ governance and institutional ownership on one side and on the firm value on the other.
Full-Text [PDF 758 kb]   (3177 Downloads)    
Type of Study: Research | Subject: Public Administration
Received: Jun 08 2014 | Accepted: Jun 08 2014 | ePublished: Jun 08 2014

Add your comments about this article : Your username or Email:
CAPTCHA

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 International License.

© 2024 CC BY-NC 4.0 | Management and Development Process

Designed & Developed by : Yektaweb