جستجوی مقالات مرتبط با کلیدواژه "سهامداران نهادی" در نشریات گروه "اقتصاد"

The main purpose of this article is to evaluate the effect of markup and corporate governance on tax avoidance of the listed companies in the Tehran stock exchange. For this purpose, data from 100 active manufacturing firms over the periods of 2011-2019 were used. The results indicate that the managers of the firms which have market power are not worried about reducing profits because of being in a safe hedge and the immunities against their rivals.Also, the managers for having the payment rewards and shareholders’ incentive schemes,  try to maximize the wealth and worth of the firm and increase tax avoidance drastically. Moreover, the results of the corporate governance indicate that institutional investors, due to the high financial benefits of investing and achieving market power, will have a higher motivation to monitor the managers’ activity to reduce agency costs and increase tax avoidance. Overall, managers and shareholders try to increase tax avoidance by reducing benefits conflicts.

This study aims investigating Impact of corporate governance mechanisms on risk-taking behavior of Listed Companies in Tehran Stock Exchange. Researches show that costs of risk management failure is ignored in private and state enterprises, while risk taking is an essential motive in business and entrepreneurship. Corporate governance must ensure that risks could be identified, managed and timely handled.
corporate governance mechanisms include ownership percentage of institutional shareholders, ownership concentration and duration of CEO’s tenure as well as risk dependent variables (financial risk (long-term leverage) and cash flow risk). Financial information of 86 Listed Companies in Tehran Stock Exchange in 1386-1393 has been used. To test hypotheses, multi-variable regression (EGLS) and mixed data method using Eviews 8 Software has been applied.
In summary, results showed a positive and significant influence between ownership concentration, duration of CEO’s tenure, and risk dependent variables (financial risk and cash flow risk). Also, they showed a negative and significant relationship between ownership percentage of institutional shareholders and risk dependent variables.

The current research tends to study organizational shareholders roles in relationship among disclose quality and tax avoidance. In order to operationalize disclose quality, the companies accepted in Tehran’s securities and exchange by Tehran securities and exchange organization were ranked. In this research, following pelesco (2004), Desa and Darmapla (2006, 2009) works, the difference between accounting income (income before tax) and taxable income was used as a proxy for tax avoidance and income and loss statements information was used to compute taxable income. Finally, two levels were considered for organizational shareholders: top level and bottom level. The Shareholders that have more than 50% stocks are top level and those who have less than 50% stocks are bottom level. In this research, 100 companies accepted in Tehran securities and exchanges during 2007-2014 were studied. The research method is correlation and the hypotheses test method is correlation test and multi-variable linear regression and the difference test of averages of two independent communities were used. In order to test hypotheses, Spss16 and Eviews7 software was used. The research Findings show that disclose quality in companies with tax avoidance is less than other companies and organizational shareholders have not meaningful, statistical effect on relationship between disclose quality and tax avoidance. Also, there is statistically meaningful and negative relationship between disclose quality and tax avoidance in companies that have top organizational shareholder level and there is not statistically meaningful relationship between disclose quality and tax avoidance in companies that have bottom organizational shareholder level

This research seeks to identify the effect of shareholders concentration on risk-taking behavior of Iranian private banks over the period 2008-2014.We used Herfindahl-Hirschman Index as proxy for concentration. The banks’ risk-taking is represented by Z-score. The model is estimated on a panel of 10 commercial banks from Iranian private banks. In addition the bank size, interest marginal revenue, Interest activity, capital reserve and non-current loans are considered as controlling variables. The results show that shareholders concentration could mitigate banks risk. Among the control variables, bank size has positive and capital reserve have negative impact on risk-taking of private banks.

The aim of the present study، is to investigate the relationship between corporate governance mechanisms and tax management in manufacturing companies listed on the Tehran Stock Exchange. In order to test the hypotheses، 80 companies were selected during 1383 to 1390. The panel data was used to test the hypotheses of the model. The results show that 1) There is a direct and significant relationship between the amount of institutional shareholders ownership and variables long-run cash effective tax rate and long-term accrual effective tax rate، but there was no significant relationship between the amount of institutional shareholders ownership and variables cash effective tax rate and the accrual effective tax rate; 2) There is an inverse and significant relationship between the dual role of CEO and cash effective tax rate، but there was no significant relationship between the dual role of CEO and variables long-run cash effective tax rate، the accrual effective tax rate and long-term accrual effective tax rate; 3)There was no significant relationship between the board members independence and variables the cash tax effective rate، long-run cash effective tax rate، the accrual effective tax rate and long-term accrual effective tax rate.

Shareholders are the original owners of a business unit and due to high sensitivity of investors to the performance of companies; wealth is one of the most important objectives of the companies. The purpose of this research is to discover the relationships between some of the corporate governance aspects with shareholders value added. In this research, the researchers created shareholders value added measured using Gong (2011). The goal of this research is applied and the method of research methodology is correlational. This study statistic population is firms listed in Tehran Stock Exchange. Therefore, the data from 81 firms for a five-year period (1385-1389) were studied. The multivariate paneled regression model is used to test the given hypotheses. The software used to test hypotheses is E-views 7. The results show that there is positive significant relationship between ownership concentration and shareholder value added but the other aspects of corporate governance (percentage of institutional shareholders and chairmanship of the Board and CEO duality posts) there isn't any significant relationship with shareholder value added. Concentration of ownership of a significant correlation with shareholder value involvement of major stakeholders in the market and pricing trends affected the market value of the shares.

In this study، the relationship between structure of democracy and dictatorship firms، structure of non-competitive market and abnormal returns is assessed. For this purpose، we evaluate relationship the main criteria of the democracy structure in research literature on Iran''s financial market- institution investors- and product market competition with abnormal return. It uses data that extracted from information published by the Stock Exchange of Tehran and tax records for 78 firms listed in Tehran stock exchange، also using multivariate regression، named Carhart''s four factor models (1997). The results indicate that there is a significant correlation between the structure of democracy - the percentage of institutional shareholders - and abnormal returns in a non-competitive market. In other words، in the non-competitive market، whatever the democratic structure of the firm is more desirable becomes greater efficiency.

Tax payment results in reducing profits and remained cash for other stakeholders including shareholders of a company. So, naturally companies and its shareholders have motives to take some measures to evade tax. Effective strategies for tax evasion involves use of a complex and ambiguous reporting system. Since, Tax evasion can create opportunities for managers to pursue activities that are designed to hide bad news and accumulate them within firm. When the accumulated negative information, release into the market leading to stock price crash. The main propose of the present study is to investigate the relationship between tax avoidance and the future stock price crash risk in Tehran stock exchange. To do this, two main hypotheses and three subsidiary ones were specified and tested, a sample was selected among the listed companies in TSE during 1380-1388(2001-2009). Also, to test the hypotheses, the method of logistic regression and the model of pooling data were applied. The results indicated that, there is a positive relationship between tax evasion and future stock price crash risk.