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Investigating the Relationship between Corporate Governance Mechanisms with Corporate Risk- Taking and Stock Return of Listed Companies in Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mokhtari, Ghodratollah Chashemi, Seyed Ali Nabavi |
| Copyright Year | 2014 |
| Abstract | The present research is generally purposed to investigate the relationship among some of corporate governance mechanisms in stock return for enterprises and their risk-taking in different industries. This study is of applied type based on its goal and it is of descriptive and correlation type in terms of method. The statistical population of the current research comprises of the admitted enterprises in Tehran Stock Exchange (TSE) among of which 40 enterprises have been selected as statistical sample by means of systematic deletion sampling technique. The period of conducting this study was ranged from 2008 through 2013. E-view software (v.7) has been employed for data analysis and inferential statistics in this study and also SPSS software (v.20) was utilized for testing the hypotheses. At last, the multivariate regression has been exploited to test the classified hypotheses. The research findings indicate that of 9 studied corporate governance mechanisms in this study, two mechanisms (i.e. the major or minor nature of enterprise and separation of organizational positions of managing director and chairman of board of directors) are negatively and significantly related to variable of stock return. Similarly, among 9 studied corporate governance mechanisms in this investigation, four mechanisms (corporate ownership structure, institutional investors, rate of ownership by the greatest shareholder, and rate of government’s influence and ownership) are positively and significantly related to variable of corporate risk-taking. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.cibtech.org/sp.ed/jls/2014/01/224-000%20(52).pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |