Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)

By separating management from ownership, and the emergence of the agency theory, the board of directors has been identified as one of the mechanisms of implementing internal controls and governing firms. Thus, the present study, in an attempt to provide a contemporary view towards the importance, qu...

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Autores principales:	Mohammad Namazi, Mohammad Monfared Maharlouie
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	agency theory firm’s scope of operation board size board composition tehran stock exchange (tse) Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/696916f6494f4712b9fd9d4351ae6731
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spelling	oai:doaj.org-article:696916f6494f4712b9fd9d4351ae67312021-11-04T19:41:46ZImpact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)2008-89142476-292X10.22103/jak.2011.10https://doaj.org/article/696916f6494f4712b9fd9d4351ae67312011-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_10_ec239c6ee55adab6439d6c1487650efe.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XBy separating management from ownership, and the emergence of the agency theory, the board of directors has been identified as one of the mechanisms of implementing internal controls and governing firms. Thus, the present study, in an attempt to provide a contemporary view towards the importance, quality and quantity of the boards of directors, investigates the impact of the scope of operations of the firm on the board of director’s structure. The sample consisted of 60 firms listed in the Tehran Stock Exchange (TSE) from 2000 to 2009. The statistical method of analysis utilizes the Logistic Regression Model and Ordinary Least Square Regression Model for Panel Data. The findings revealed that the scope of operation measures, namely firm size, firm age and debt ratios, didn’t significantly affect the board of director’s structure measures, including board of director’s size, the percentage of outsiders in the board of directors, the appointment of the outsider director as a chairman, and the presence of at least 3 outsiders in the board of directors. However, the ownership percentage of institutional shareholders had a significant and negative effect on the board of director’s structure. The type of industry, however, didn’t have a significant impact on the board of director’s structure in investigating firms.Mohammad NamaziMohammad Monfared MaharlouieShahid Bahonar University of Kermanarticleagency theoryfirm’s scope of operationboard sizeboard compositiontehran stock exchange (tse)Accounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 7, Pp 7-25 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	agency theory firm’s scope of operation board size board composition tehran stock exchange (tse) Accounting. Bookkeeping HF5601-5689
spellingShingle	agency theory firm’s scope of operation board size board composition tehran stock exchange (tse) Accounting. Bookkeeping HF5601-5689 Mohammad Namazi Mohammad Monfared Maharlouie Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
description	By separating management from ownership, and the emergence of the agency theory, the board of directors has been identified as one of the mechanisms of implementing internal controls and governing firms. Thus, the present study, in an attempt to provide a contemporary view towards the importance, quality and quantity of the boards of directors, investigates the impact of the scope of operations of the firm on the board of director’s structure. The sample consisted of 60 firms listed in the Tehran Stock Exchange (TSE) from 2000 to 2009. The statistical method of analysis utilizes the Logistic Regression Model and Ordinary Least Square Regression Model for Panel Data. The findings revealed that the scope of operation measures, namely firm size, firm age and debt ratios, didn’t significantly affect the board of director’s structure measures, including board of director’s size, the percentage of outsiders in the board of directors, the appointment of the outsider director as a chairman, and the presence of at least 3 outsiders in the board of directors. However, the ownership percentage of institutional shareholders had a significant and negative effect on the board of director’s structure. The type of industry, however, didn’t have a significant impact on the board of director’s structure in investigating firms.
format	article
author	Mohammad Namazi Mohammad Monfared Maharlouie
author_facet	Mohammad Namazi Mohammad Monfared Maharlouie
author_sort	Mohammad Namazi
title	Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
title_short	Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
title_full	Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
title_fullStr	Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
title_full_unstemmed	Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)
title_sort	impact of firm’s scope of operation on the board of director’s structure (evidence from tehran stock exchange)
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/696916f6494f4712b9fd9d4351ae6731
work_keys_str_mv	AT mohammadnamazi impactoffirmsscopeofoperationontheboardofdirectorsstructureevidencefromtehranstockexchange AT mohammadmonfaredmaharlouie impactoffirmsscopeofoperationontheboardofdirectorsstructureevidencefromtehranstockexchange
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Impact of Firm’s Scope of Operation on the Board of Director’s Structure (Evidence from Tehran Stock Exchange)

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