The Relationship between Institutional Governance-Ownership and Firm Value (in Persian)

Majid Abbasi () and Musa Ahmadi
Additional contact information
Majid Abbasi: Iran
Musa Ahmadi: Iran

Management and Development Process Quarterly (٠صلنامه ٠رایند مدیریت و توسعه), 2013, vol. 26, issue 1, 191-213

Abstract: Institutional investors enjoy a significant influence on the corporations and play a strategic role because of owning a considerable portion of corporate shares and due to their supervision role. Moreover, they have sufficient incentives and authority to closely monitor the managers and make changes in the corporate structures. This paper is to examine the effects of the presence of institutional investors in the board of directors as well as the impacts of the amount of institutional ownership and Q. Tobin Ratio as the criteria for measuring the firm value of the corporations listed on the Tehran Stock Exchange (TSE). This paper utilizes a panel data analysis over a nine-year period from years 2001 to 2009. The multiple correlation coefficients and multiple regression analysis are used to test the hypotheses. The results indicate a positive and significant relationship between institutional investors’ governance and institutional ownership on one side and on the firm value on the other.

Keywords: Institutional Ownership; Corporate Value; Q. Tobin; Multiple Correlation Coefficients; Multiple Linear Regressions (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jmdp.ir/article-1-1625-en.pdf (application/pdf)
http://jmdp.ir/article-1-1625-en.html (text/html)
http://jmdp.ir/article-1-1625-fa.html (text/html)

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: https://EconPapers.repec.org/RePEc:auv:jijmdp:v:26:y:2013:i:1:p:191-213

Access Statistics for this article

More articles in Management and Development Process Quarterly (٠صلنامه ٠رایند مدیریت و توسعه) from Institute for Management and Planning studies Contact information at EDIRC.
Bibliographic data for series maintained by Nahid Jebeli ( this e-mail address is bad, please contact ).