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Examination of Relation between Ownership Structure and Free Cash Flow with Performance of the Listed Companies in Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ehsani, Ali Asghar Branch, Ayatollah Amoli |
| Copyright Year | 2014 |
| Abstract | The current study is to examine the relation between ownership structure and free cash flow with performance of the listed companies in Tehran stock exchange. The study is a kind of practical research and it is done by post-event approach (via past data). All listed companies in Tehran stock exchange were selected as statistical population during 2008 to 2012. So, there are 76 listed companies in this research. There have been also three hypotheses were selected to examine the relation between each variables. Hence, institutional ownership, managerial ownership, private ownership, and firm performance are regarded as independent and dependent variables, respectively. Also, there have been used three control variables of firm size, financial leverage and firm growth. Ordinary Least Squares (OLS) is used to test hypotheses through EVIEWS software. The results show that there is a significant relation between institutional ownership and firm performance in high free cash flows companies, and there is no significant relation between managerial ownership and performance of those firms. Finally, there is a significant relation between private ownership and performance of high free cash flow companies. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://irjmsjournal.com/wp-content/uploads/paper71.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
