جستجوی مقالات مرتبط با کلیدواژه « institutional ownership » در نشریات گروه « مدیریت »

The aim of this study, investigating the role of institutional ownership on the effect of the CEO's overconfidence on the risks of companies listed on the Tehran Stock Exchange. The statistical sample includes 82 companies during the period of 2012 to 2021. Hypotheses testing was performed using linear regression and using Eviews software. The research results showed that the CEO's overconfidence has a significant and direct effect on the company's future risk, but the CEO's overconfidence does not have a significant effect on the company's operational risk. Also, other research results show that institutional ownership reduces the effect of CEO's overconfidence on the company's future risk, while institutional models do not moderate the effect of CEO's overconfidence on the company's operational risk

One of the criteria of the quality of accounting information can be considered the extent to which this information is used by the owners in decisions related to stock pricing. In other words, if the accounting information is of necessary quality according to the owners, they use it in stock valuation. Institutional owners can limit managers' ability to manage profits through continuous and effective monitoring. However, the use of this power by institutional owners is a function of the number of shares they own. If the percentage of shares of institutional owners is high, their ability to sell will decrease and naturally they will be kept for a longer period of time. The purpose of this research is to measure the impact of profit per share, institutional ownership and book value of shares on the relevance of accounting information value in companies listed on Tehran Stock Exchange. For this purpose, 112 companies during the period of 2013 to 2020 through a systematic method as the sample size of the research. was selected. The research method is descriptive-correlation. To estimate the regression model with panel data and to analyze the multiple regression using the panel-data method. The results of this research showed that the profit of each share has a positive and significant effect on the relevance value of accounting information in Tehran stock exchange, but the book value and institutional ownership have no significance on the relevance of accounting information value accepted in Tehran stock exchange.

Institutional owners buy and sell a large amount of company shares in most of the different institutions. Institutional shareholders include banks, insurance companies, social security organizations, pension funds and investment companies. For this reason, institutional investors became the largest group of shareholders in various companies, which directly and indirectly affect the performance of managers and companies. Managers want their company to reach an acceptable level of growth and security; Because they are more concerned about their survival than maximizing the value of the company for its shareholders. But the shareholders leave the decision-making authority to the managers, expecting that the managers will try to maximize their interests. The purpose of this study is to analyze the relationship between institutional ownership and the performance of companies, taking into account the moderating role of the board of directors' remuneration. After collecting the information related to the variables of this study and performing the required tests, the research models were estimated to test the hypothesis and the results show that with the increase in the percentage of institutional ownership, the performance of the companies improved and the bonus of the board of directors also had a positive effect on this relationship.

The purpose of this study is to examine the effects of the acquiring and acquired firms in the context of governance and firm factors on the performance of mergers and acquisitions (M&A) based on the dimensions of Earnings per Share (EPS) and Cumulative Abnormal Return (CAR) growth.

Regarding the methodology, this applied and survey research was empirical and descriptive. The statistical population included all active firms listed in Tehran Stock Exchange. The sample consisted of blocked trading data related to mergers and acquisitions in the stock exchange. As a result, the final sample included 198 listed M&A firms.

Results show that the acquiring firms’ characteristics,    ownership of institutional investors, rate of return on assets and rate of return on equity of shareholders positively and significantly affect M&A’s performance. In addition, the total assets and trans-industrial nature of acquiring firms positively and significantly affect the performance of merged and acquired firms.  Furthermore, the buyer’s institutional ownership, amount of acquired ownership, size of the board and size of the non-executive board, as well as their experience at the time of deal positively and significantly affect the performance of merged and acquired firms. The age of the companies at the time of the deal is also an issue which has its own impact. 

Our research has valuable contributions to the theory of stewardship, agency theory, and resource-based view, which are comprehensively presented in five panels to measure their impact on the performance of mergers and acquisitions. Implications: According to the results, governance and firm factors of acquiring firms impact the likelihood success of M&A transaction. Moreover, the necessity of high value of transparency of companies' financial information during mergers and acquisitions has been confirmed.

For companies and major shareholders, tax is one of the additional costs, so the board of directors is always trying  to minimize corporate tax by taking various methods. The purpose of this study is to investigate the effect of board  of directors, institutional ownership and capital intensity on the tax gap in companies listed on the Tehran Stock  Exchange. This research is an applied research in terms of nature, descriptive method and purpose. Because in the  present study, the variables have been analyzed using the collection of past information, it is a descriptive and  post-event study.In this research, three hypotheses were formulated and 126 companies were selected through  sampling by systematic elimination method for a period of 7 years between 2013 to 2019 and data related to  research variables after compilation in Excel software using software Ivy were statistically analyzed. The results  showed: that the criteria of the board of directors (size, independence and financial knowledge of the board of  directors) and institutional ownership have a significant effect on the tax gap but board duality and capital intensity  do not have a significant effect.

The purpose of this research is to study the relationship between corporate governance and company's growth with an emphasis on the role of financial constraints among the companies listed in the Tehran Stock Exchange. In this study, using a sample of 121 listed companies in Tehran Stock Exchange between the years 2010 to 2015 which contains 726 observations, hypotheses were exmained. To measure corporate governance 2 indices (Concentration of ownership and the percentage of institutional ownership), to measure company's growth 3 indices (Asset growth, sales growth, profit growth), and to measure the financial constraints Kaplan and Zynglas model which has modified by Raiee and Hesarzadeh (2009) according to Iran's environment have been used. The results showed that there is a positive significant relationship between institutional ownership and ownership concentration with company's growth and financial constraints has no effect on the relationship between corporate governance and firm's growth.

Net income is one of the important items included in financial statements that is useful to the decisions of users of financial statements. One of the important questions is that, whether ownership structure can affect the information content of earnings or not? Therefore, the main objective of the present study is investigating the relationship between ownership structure and the information content of earnings of listed companies in Tehran Stock Exchange. In this research, ownership structure is divided to five parts such: free-float shares, institutional ownership, govermental ownership, concentrated ownership and corporate ownership. For evaluating hypotheses, financial data of 100 companies Listed in Tehran Stock Exchange from 2006 to 2011 has been used. Balanced panel data model is used such that variables integrated from time series and cross-sectional data. Experimental results indicate that there is a significant positive relationship between ownership structure, ownership concentration and governanve ownership with information content of earnings companies listed in Tehran stock exchange, while there is no significant relationship between the free-float shares and corporate ownership with information content of earnings.

Institutional investors enjoy a significant influence on the corporations and play a strategic role because of owning a considerable portion of corporate shares and due to their supervision role. Moreover، they have sufficient incentives and authority to closely monitor the managers and make changes in the corporate structures. This paper is to examine the effects of the presence of institutional investors in the board of directors as well as the impacts of the amount of institutional ownership and Q. Tobin Ratio as the criteria for measuring the firm value of the corporations listed on the Tehran Stock Exchange (TSE). This paper utilizes a panel data analysis over a nine-year period from years 2001 to 2009. The multiple correlation coefficients and multiple regression analysis are used to test the hypotheses. The results indicate a positive and significant relationship between institutional investors’ governance and institutional ownership on one side and on the firm value on the other.

In this research the relationship between employees’ commitments, at the time of entering (pre-entry) and after entering (post-entry) (one year after employing) and its relationship with their performance among employees of Qazvin University of Medicine has been studied. The study was performed upon organizational commitment model advanced by Cohen (2007). In the model, timing of commitment is essential. The first part of the model is the process of commitment at the time of entering which includes instrumental commitment propensity and normative commitment propensity. The other part is after entering (post-entry) process of commitment which consists of instrumental commitment and affective commitment. The results of the study point out that normative commitment propensity lead to a deeper post-entry commitment, which is affective commitment; but there is not any relation between instrumental commitment propensity and instrumental commitment. There is a strong relationship between variables of personal characteristics, characteristics of job choice and expectations about one’s job and both at the time of entering and post-entry commitment (except relation between individual characteristics and normative commitment propensity, and between characteristics of job choice and instrumental commitment propensity). Priority of sub-indices of variables influence has been determined. The results signify a nonlinear relationship between commitment and performance and specify that the optimum value of commitment for the proper employees’ performance is the medium level of commitment.

The purpose of this study was to investigate the influence of corporate governance mechanisms on the firms’ capital structure in Tehran Stock Exchange. To this end, we studied 74 firms during 1383-1387 using Multiple Regression Model. More specifically, we examined Board Independence and Duality as an internal mechanism, and Institutional and Personal ownership as an external mechanism of Corporate Governance mechanisms. The results showed that there is a significant negative relationship between Board Independence and Capital Structure. Duality did not reveal a statistically significant relationship with Capital Structure. Also, Institutional and Personal ownership did not correlate with Capital Structure.