Relationship between Ownership Structure and Performance of Listed Companies Using a System of Simultaneous Equations Print

Establishment of appropriate corporate governance mechanisms of action for the optimal use of resources، improves accountability، transparency، fairness and the rights of all stakeholders to participate. Each of the processes and mechanisms of inter -organizational and company activities are supervised and promote accountability and access to other corporate strategic goals. One of these mechanisms is the focus and ownership structure. This paper utilizes a simultaneous equation system to examine the relationship between ownership structure and performance of the companies listed in Tehran Stock Exchange using panel data for the period of 1382-88. The results indicate that the research focus and ownership structure do not affect the company’s performance of the companies listed in Tehran Stock Exchange. Also the ownership structure has significant effect on corporate performance.