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:: Volume 18, Issue 55 (Autumn 2010) ::
qjerp 2010, 18(55): 141-154 Back to browse issues page
Corporate Governance, the Level of Cash Holdings and Performance of Listed Company in Tehran Stock Exchange
Naser Izadinia * , Amir Rasaiian
, naser@asa.ui.ac.ir
Abstract:   (13237 Views)
Corporate governance and the level of cash holdings are effective factors in performance measurement of firms. Many researches have been done about the relationship between corporate governance quality and the level of cash holdings with firm value such as performance measurement. No many researches have been done about this subject in Iran. Therefore the main goal of this paper is to review the relationship between percentage of institutional ownership and percentage of outside directors and the level of cash holdings as independent variables and QTobin as dependent variable in Tehran Stock Exchange. Therefore 129 firms that their required data for a ten year period was available were studied. The multivariate pooled regression model is used to examine the hypotheses. The conclusions indicate that there is a positive and significant relationship between percentage of institutional ownership and firm value. There is no significant relationship between percentage of outside directors and firm value in Tehran Stock Exchange. There is a positive and significant relationship between cash holdings and firm value in Tehran Stock Exchange.
Keywords: Firm Value, Corporate Governance, Cash Holdings, Outside Directors, Institutional Ownership
Full-Text [PDF 348 kb]   (2867 Downloads)    
Type of Study: Research | Subject: General
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Izadinia N, Rasaiian A. Corporate Governance, the Level of Cash Holdings and Performance of Listed Company in Tehran Stock Exchange. qjerp 2010; 18 (55) :141-154
URL: http://qjerp.ir/article-1-234-en.html


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Volume 18, Issue 55 (Autumn 2010) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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