Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information

This study aims to investigate the relationship between institutional ownership along with concentrated institutional ownership and value-relevance of accounting information in Tehran stock exchange. The authors used Ohlsen model for the relationship between earnings per share and market value as th...

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Autores principales:	Sasan Mehran, Ali Faalghayoumi, Mohammad Moradi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2013
Materias:	keywords: institutional owners concentrated institutional owner-ship value-relevance of earnings value-relevance of book value Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/72047505b8cc448d8d0df274f9e32f1d
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spelling	oai:doaj.org-article:72047505b8cc448d8d0df274f9e32f1d2021-11-04T19:43:22ZRelationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information2008-89142476-292X10.22103/jak.2013.503https://doaj.org/article/72047505b8cc448d8d0df274f9e32f1d2013-02-01T00:00:00Zhttps://jak.uk.ac.ir/article_503_0680fd32ea070893709b3ece96bf8a4e.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study aims to investigate the relationship between institutional ownership along with concentrated institutional ownership and value-relevance of accounting information in Tehran stock exchange. The authors used Ohlsen model for the relationship between earnings per share and market value as the income statement index, and the relationship between book value of equity per share and market value as the balance sheet index based. Regression analysis is used to test the relationship among the variables, regarding firms’ specific factors. Results showed that institutional ownership and concentrated institutional ownership are correlated significantly with value-relevance of accounting information, but the signs of relationships are different. The increase in institutional ownership decreases value-relevance of balance sheet information, but it increases value-relevance of income statement information. Furthermore, the raise of concentration of institutional ownership reduces quality of income statement information, and then, value relevance of this information, but it increases value-relevance of balance sheet information.Sasan MehranAli FaalghayoumiMohammad MoradiShahid Bahonar University of Kermanarticlekeywords: institutional ownersconcentrated institutional owner-shipvalue-relevance of earningsvalue-relevance of book valueAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 11, Pp 31-55 (2013)
institution	DOAJ
collection	DOAJ
language	FA
topic	keywords: institutional owners concentrated institutional owner-ship value-relevance of earnings value-relevance of book value Accounting. Bookkeeping HF5601-5689
spellingShingle	keywords: institutional owners concentrated institutional owner-ship value-relevance of earnings value-relevance of book value Accounting. Bookkeeping HF5601-5689 Sasan Mehran Ali Faalghayoumi Mohammad Moradi Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
description	This study aims to investigate the relationship between institutional ownership along with concentrated institutional ownership and value-relevance of accounting information in Tehran stock exchange. The authors used Ohlsen model for the relationship between earnings per share and market value as the income statement index, and the relationship between book value of equity per share and market value as the balance sheet index based. Regression analysis is used to test the relationship among the variables, regarding firms’ specific factors. Results showed that institutional ownership and concentrated institutional ownership are correlated significantly with value-relevance of accounting information, but the signs of relationships are different. The increase in institutional ownership decreases value-relevance of balance sheet information, but it increases value-relevance of income statement information. Furthermore, the raise of concentration of institutional ownership reduces quality of income statement information, and then, value relevance of this information, but it increases value-relevance of balance sheet information.
format	article
author	Sasan Mehran Ali Faalghayoumi Mohammad Moradi
author_facet	Sasan Mehran Ali Faalghayoumi Mohammad Moradi
author_sort	Sasan Mehran
title	Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
title_short	Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
title_full	Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
title_fullStr	Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
title_full_unstemmed	Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information
title_sort	relationship between institutional ownership, concentrated institutional ownership and value-relevance of accounting information
publisher	Shahid Bahonar University of Kerman
publishDate	2013
url	https://doaj.org/article/72047505b8cc448d8d0df274f9e32f1d
work_keys_str_mv	AT sasanmehran relationshipbetweeninstitutionalownershipconcentratedinstitutionalownershipandvaluerelevanceofaccountinginformation AT alifaalghayoumi relationshipbetweeninstitutionalownershipconcentratedinstitutionalownershipandvaluerelevanceofaccountinginformation AT mohammadmoradi relationshipbetweeninstitutionalownershipconcentratedinstitutionalownershipandvaluerelevanceofaccountinginformation
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Relationship between Institutional Ownership, Concentrated Institutional Ownership and Value-Relevance of Accounting Information

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