Corporate Governance and Dimensions of Stocks Liquidity: A case of Iranian Firms
عنوان مقاله: Corporate Governance and Dimensions of Stocks Liquidity: A case of Iranian Firms
شناسه ملی مقاله: JR_JHI-4-3_005
منتشر شده در در سال 1399
شناسه ملی مقاله: JR_JHI-4-3_005
منتشر شده در در سال 1399
مشخصات نویسندگان مقاله:
Ahmad Abdollahi - Department of Accounting, Golestan Institute of Higher Education, Gorgan, Iran
Maryam Mostafaloo - Department of Accounting, Golestan Institute of Higher Education, Gorgan, Iran
خلاصه مقاله:
Ahmad Abdollahi - Department of Accounting, Golestan Institute of Higher Education, Gorgan, Iran
Maryam Mostafaloo - Department of Accounting, Golestan Institute of Higher Education, Gorgan, Iran
The aim of present study is to study the relationship between corporate governance and the dimensions of liquidity in the Iranian capital market. The present study is among the applied, descriptive, quasi-experimental post-event research; to test the research hypotheses, financial information of companies listed on Tehran Stock Exchange in the period of 2013 to 2017 has been used and the final sample consists of 211 companies. After applying the restrictions in this study, they have been selected. After measuring the research variables, multi-variable linear regression analysis was used to test the research hypotheses. The tests were performed using Eviews software and statistical technique of integrated data. The results of data analysis showed that there is a significant relationship between outside directors to all members and stock liquidity. There is a significant relationship between stock owned by board of directors and stock liquidity; there is a significant relationship between directors reward rate and stock liquidity; there is a significant relationship between CEO separation from board members and stock liquidity; and there is a significant relationship between CEO variability and stocks liquidity. Research findings while filling the research gap in this area can be a technique for investors, capital market regulators and other beneficiary groups of accounting information to make decisions.
کلمات کلیدی: Corporate Governance, Dimensions of Liquidity, Tehran Stock Exchange
صفحه اختصاصی مقاله و دریافت فایل کامل: https://civilica.com/doc/1170120/