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تاثیر مکانیزم های حاکمیت شرکتی بر روی واکنش سرمایه گذاران | ||
| حسابداری و منافع اجتماعی | ||
| مقاله 8، دوره 7، شماره 1 - شماره پیاپی 24، فروردین 1396، صفحه 139-165 اصل مقاله (1.55 M) | ||
| نوع مقاله: مقاله پژوهشی | ||
| شناسه دیجیتال (DOI): 10.22051/ijar.2017.9577.1111 | ||
| نویسندگان | ||
| علی اصغر متقی1؛ حجت غریب* 2؛ رامین قوی پنجه3 | ||
| 1استادیار حسابداری دانشگاه آزاد اسلامی واحد تبریز، | ||
| 2کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد تبریز | ||
| 3کارشناس ارشد حسابداری | ||
| چکیده | ||
| هدف پژوهش حاضر بررسی تاثیر برخی مکانیزم های حاکمیت شرکتی بر روی واکنش سرمایه گذاران می باشد. در این تحقیق مکانیزم های حاکمیت شرکتی به عنوان متغیر مستقل و واکنش سرمایه گذاران به عنوان متغیر وابسته در نظر گرفته شده است. معیار اندازه گیری واکنش سرمایه گذاران بازده سهام داران می باشد. از بین مکانیزم های موجود حاکمیت شرکتی نیز مالکیت سهامداران نهادی، تمرکز مالکیت، ساختار مالکیت و استقلال هیات مدیره مورد بررسی قرار گرفتند. قلمرو مکانی تحقیق شامل شرکت های پذیرفته شده در بورس اوراق بهادار تهران و قلمرو زمانی از ابتدای سال 1385 لغایت 1392 می باشد که در مجموع با توجه به محدودیت‌های اعمال شده، 176 شرکت به عنوان نمونه انتخاب گردید. آزمون فرضیه های تحقیق با استفاده از روش رگرسیون حداقل مربعات تجمیع شده نشان داد که هیچ کدام از مکانیزم های حاکمیت شرکتی مورد مطالعه در این پژوهش (مالکیت سهامداران نهادی، تمرکز مالکیت، ساختار مالکیت و استقلال هیات مدیره) تاثیری بر روی واکنش سرمایه گذاران ندارند. بنابراین هر چهار فرضیه ی پژوهش ما مبنی بر اینکه مکانیزم های حاکمیت شرکتی بر روی واکنش سرمایه گذاران تاثیر دارد تایید نشد. | ||
| کلیدواژه‌ها | ||
| حاکمیت شرکتی؛ مالکیت سهامداران نهادی؛ تمرکزمالکیت؛ واکنش سرمایه گذاران | ||
| عنوان مقاله [English] | ||
| The Impact of Corporate Governance Mechanisms on the Investors’ Reaction | ||
| نویسندگان [English] | ||
| Ali Asghar Motagi1؛ Hojjat Gharib2؛ Ramin Ghavipanjeh3 | ||
| 1Assistant Professor of Accounting Islamic Azad University, Tabriz Branch | ||
| 2Master of Accounting in Tabriz Islamic Azad University | ||
| 3Master of Accounting | ||
| چکیده [English] | ||
| This study examines the impact of corporate governance mechanisms on the reaction of investors.In this study the mechanisms of corporate governance as the independent variable and And response investors has been considered as the dependent variable. And measure response investors is also shareholder returns. In this study the mechanisms of corporate governance, institutional ownership, ownership concentration, ownership structure and board independence were evaluated. Territory where research includes companies listed on Tehran Stock Exchange and the period from the beginning of the year 2007 till 2014 is that due to limitations in total, 176 companies were selected. Research hypotheses using pooled least squares regression showed that none of the corporate governance mechanisms studied in this research (institutional ownership, ownership concentration, ownership structure and independence of the board of directors) have no effect on the response investors . So all four of our research hypothesis that corporate governance mechanisms affect on the response investors be rejected. | ||
| کلیدواژه‌ها [English] | ||
| Corporate Governance, Institutional Ownership, Ownership Concentration, Reaction investors | ||
| مراجع | ||
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