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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Shahid Bahonar University of Kerman
2012
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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) |
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corporate governance tobin's q market value added return on assets Accounting. Bookkeeping HF5601-5689 |
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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 |
_version_ |
1718444664732778496 |