The role of institutional stakeholders in the relationship between the acceptance of the audit committee and the value of the company

This study examines the role of institutional shareholders in the relationship between audit committee acceptance and firm value in Tehran Stock Exchange. The purpose of this study is to investigate the role of institutional investors and the creation of audit committee in creating value in companies. The required data were extracted from the financial statements of 152 Tehran Stock Exchange companies during 2007-2009. The research method was correlational and post-event causal which was used to test the hypotheses by panel data method and using Eviews software. The research findings show that there is no significant relationship between audit committee acceptance and corporate value, but there is a negative and significant relationship between institutional shareholder role in company value creation. There is also a significant negative relationship between the role of institutional shareholders and the relationship between audit committee acceptance and corporate value.