جستجوی مقالات مرتبط با کلیدواژه "پاداش هیات مدیره" در نشریات گروه "مالی"

The firms employ the accounting information comparability between firm peers, will determine board compensation through performance evaluation. Thus, current study is aimed to explore the important role of accounting comparability in board compensation. In line with this, using a panel fractional regression model and mixed data, we examined the data to explore the impact of accounting information comparability on compensation policies, with regard to 117 firms for the period 2009 to 2018 (1170 firm - years) from TSE. The results show that, there is a positive and significantly relationship between accounting information comparability (annual return and cash flow from operations proxies) and board compensation. Thus, it was concluded that higher accounting information comparability level leads more than board compensation. Furthermore, the findings of this study suggest that the application of board compensation policies theories and the new fractional regression model calls for more inquiry with regard to three accounting comparability proxies. The present study was an attempt to develop the literature related to the factors affecting managers' rewards by using three criteria to calculate comparability and fractional pattern.

Corporate governance refers to the mechanisms that direct and control companies. It identifies the distribution of rights and responsibilities among different participants in the corporation. Board of directors has one of the important roles in corporate governance. The purpose of this study was to determine the relationship between corporate governance and directors compensation in listed companies of Tehran Stock Exchange. It aims to verify empirically the relationship between the characteristics of boards of directors and cash compensation of directors in the Tehran Stock Exchange. With a view to testing hypothesis, we selected a sample of 92 listed corporations for the period 2006-2012 and the method used is a panel data approach. The results of this work reveal that profitability, firm size, board ownership and the duality of the chairman and the chief executive officer (CEO) has been positively related to the director compensation and the board size has a negative and non-significant relationship. Industry is also influencing directors compensation

The purpose of this research is to investigate the relationship between agency costs and stock mispricing with emphasis on the role of intermediate compensation of the board in Tehran Stock Exchange. In order to measure agency costs, the ranks sum of the eight criteria (Free Cash Flow, Operating Expense Ratio, Utilization Assets Ratio, Non-Executive Ratio, Institutional Ownership, Product Market Competition, Earnings forecast Error and Earnings Forecast Dispersion by management) were used and to measure Stock Mispricing, Pantzalis and Park`s (2013) ranks sum of the five index (Stock Price to Intrinsic Value Ratio, Capital to its imputed value Ratio, Firm Fundamental Value, Market-to-Book Ratio and Abnormal Stock Return) was used. This research is applied in purpose and correlational as descriptive. The research statistical sample includes companies listed in Tehran Stock Exchange that among these, 106 corporate from 11 different industries as samples were selected based on systematic elimination sampling. The period research is 4-year between the years 2009 to 2012, but some of the financial years 2008 and 2013 were also used to measure some of the variables of the study. The results show that there is no relationship between agency costs and stock mispricing and also compensation of the Board does not affect the relationship between agency costs and stock mispricing. Thus, Agency Costs associated with Stock Mispricing does not play any role given the importance of the Compensation of the Board in Iran Stock Exchange and is considered as a completely-ineffective mechanism.

The purpose of this paper is investigating the relationship between board compensation and institutional ownership with earnings management. A set of listed Companies in Tehran Stock Exchange have been investigated to analyze the relationship for the year 2007 to 2011. Modified Cross Sectional Jones Model (1995) has been used to determine the earnings management. The task of analyzing and testing the hypothesis is fulfilled by the panel data models. The findings of the paper indicate the presence of negative relationship between institutional ownership and earnings management while we got statistically significant and positive relationship between Board compensation and earnings management.