Economics at your fingertips  

The Relationship Between Corporate Risk Taking & Ownership Structure With Emphasize on Legal Environment And Business Groups

Asnaashari Hamideh and Moradgholi Hassan

articles of Journal of financial analysis, 2019, vol. 2, issue 2, 67-87

Abstract: In this research, the relationship between corporate risk taking and ownership structure is investigated. Corporate risk taking measured by the variance of ROA and ownership structure is proxied by the level of the Major shareholder owner-ship. In this regard ,with the data of 113 Companies listed in Tehran Stock Exchange for a period from 2010 to 2015 and using Regression analysis-Fixed effects method, the result indicates that there is a significant negative relationship between major shareholder ownership and risk taking; it means if major share-holder ownership increases then corporate risk taking decreases. The findings also show that being a member of business groups and the legal environment improvement have no effect on the relationship between major shareholder owner-ship and risk taking.

Keywords: Risk taking; ownership structure; legal environment improvements; business groups (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

articles of Journal of financial analysis is currently edited by Hamideh Asnaashari

More articles in articles of Journal of financial analysis from IJFADaghani
Bibliographic data for series maintained by Reza Daghani ().

Page updated 2019-09-29
Handle: RePEc:adw:journl:y:2019:v:2:i:2:p:67-87