The Relationship between Ownership Concentration, Financial Information Transparency and Broad / Limited Communications with the Government

This study examines the relationship between ownership concentration, financial information transparency and broad communications (limited) ofcompanies with the government. The companies which have broad political communications with the government are measured by multi-criteria decisionmakingmodel of TOPSIS and entropy weight method. The research hypotheses are based on a sample consisting of 95 companies over a period of eleven year from 2001 until 2011 and are tested using univariate tests and multivariate regression models and panel data. The results indicate that the mean disclosure score and the combined score of financial reporting quality in the companies which have broad and limited political communications with the government are significantly different from each other. Furthermore, the combined score of financial reporting quality of companies with broad political communications with the government which have concentrated ownership structure is significantly higher. In addition, the results suggest that the quality of disclosure and that of the combined score of financial reporting are higher in the companies with concentrated ownership structure,

کلیدواژه ها:

disclosure score ، the combined score of financial reporting quality ، ownership concentration ، political communication ، multi-criteria decision-making