Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance

Firms' performance measurement has important role in financial decision making. There are various measures and methods for Firms' performance measurement. The main goal of this paper is to review the relationship between corporate governance quality and economic and financial measures of c...

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Autores principales: Naser Izadinia, Amir Rasaiian
Formato: article
Lenguaje:FA
Publicado: Shahid Bahonar University of Kerman 2012
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Acceso en línea:https://doaj.org/article/90a832278fd74b14a41905d42a882152
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spelling oai:doaj.org-article:90a832278fd74b14a41905d42a8821522021-11-04T19:40:21ZSurvey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance2008-89142476-292X10.22103/jak.2012.55https://doaj.org/article/90a832278fd74b14a41905d42a8821522012-06-01T00:00:00Zhttps://jak.uk.ac.ir/article_55_73f5da4a68049db22b4271e1c7d33f3d.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XFirms' performance measurement has important role in financial decision making. There are various measures and methods for Firms' performance measurement. The main goal of this paper is to review the relationship between corporate governance quality and economic and financial measures of corporate governance in Tehran Stock Exchange. Therefore 89 firms that their required data was available were selected. Firms' governance measures include of percentage of outside directors and percentage of institutional investors data for a 6 years period (1381-1386) were selected and entered the models as independent variable. Return on assets and annual stock return data such as financial performance measures and Tobin's Q and market value added data such as economic performance measures are gathered as dependent variable. The multivariate regression model is used to examine the hypotheses. Signification of the model is examined by t and F statistics. The conclusions indicate that there are significant relationships between corporate governance measures and all of the performance measures.Naser IzadiniaAmir RasaiianShahid Bahonar University of Kermanarticlecorporate governancetobin's qmarket value addedreturn on assetsAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 1, Iss 1, Pp 53-72 (2012)
institution DOAJ
collection DOAJ
language FA
topic corporate governance
tobin's q
market value added
return on assets
Accounting. Bookkeeping
HF5601-5689
spellingShingle corporate governance
tobin's q
market value added
return on assets
Accounting. Bookkeeping
HF5601-5689
Naser Izadinia
Amir Rasaiian
Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
description Firms' performance measurement has important role in financial decision making. There are various measures and methods for Firms' performance measurement. The main goal of this paper is to review the relationship between corporate governance quality and economic and financial measures of corporate governance in Tehran Stock Exchange. Therefore 89 firms that their required data was available were selected. Firms' governance measures include of percentage of outside directors and percentage of institutional investors data for a 6 years period (1381-1386) were selected and entered the models as independent variable. Return on assets and annual stock return data such as financial performance measures and Tobin's Q and market value added data such as economic performance measures are gathered as dependent variable. The multivariate regression model is used to examine the hypotheses. Signification of the model is examined by t and F statistics. The conclusions indicate that there are significant relationships between corporate governance measures and all of the performance measures.
format article
author Naser Izadinia
Amir Rasaiian
author_facet Naser Izadinia
Amir Rasaiian
author_sort Naser Izadinia
title Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
title_short Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
title_full Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
title_fullStr Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
title_full_unstemmed Survey the Relationship between Some Corporate Governance Instruments and Economic and Financial Measures of Performance
title_sort survey the relationship between some corporate governance instruments and economic and financial measures of performance
publisher Shahid Bahonar University of Kerman
publishDate 2012
url https://doaj.org/article/90a832278fd74b14a41905d42a882152
work_keys_str_mv AT naserizadinia surveytherelationshipbetweensomecorporategovernanceinstrumentsandeconomicandfinancialmeasuresofperformance
AT amirrasaiian surveytherelationshipbetweensomecorporategovernanceinstrumentsandeconomicandfinancialmeasuresofperformance
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