Related Links
News
Statistics
| Number of Journals | 25 |
| Number of Issues | 918 |
| Number of Articles | 7,565 |
| Article View | 12,275,710 |
| PDF Download | 8,681,655 |
Providing a Model for the Impact of Corporate Governance and Ownership Structure on Innovation | ||
| راهبرد مدیریت مالی | ||
| Article 7, Volume 12, Issue 3 - Serial Number 46, October 2024, Pages 161-188 PDF (575.72 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.22051/jfm.2020.27457.2161 | ||
| Authors | ||
| Fardin Nazari1; Zadallah Fathi* 2; Hossein Shafie3 | ||
| 1Ph. D. Student, Accounting University of Sirjan Iran | ||
| 2Assistant Professor and Faculty Member of Islamic Azad University, Central Tehran Branch. | ||
| 3Assistant Professor and Faculty Member of Sirjan Islamic Azad University.Iran. | ||
| Abstract | ||
| In this research, a new model for explaining the relationship between corporate governance and ownership structure with innovation is presented. This research, by deleting individual variables and adding new variables and determining the importance of the Delphi group, is located and They were selected for use in the model after two steps. The research was correlational and the statistical population of the study included companies listed in Tehran Stock Exchange, and the sample was screened and after the removal of Pert observations by 104 Tehran Stock Exchange companies during the period of 2011-2018. In this study, the variables of corporate governance and ownership structure are considered as independent variables. And using qualitative and quantitative combination data, multivariate regression and software spss version 20 and Eviese 7 their relationship with company innovation as dependent variable has been investigated. The results show that among the variables of corporate governance and ownership structure, ownership concentration, state ownership, and institutional ownership reduce innovation. However, the variables of the proportion of non-executive members and remuneration of the board improve the status of innovation in bourse companies. According to this model, other corporate governance variables did not have a significant effect on innovation. | ||
| Keywords | ||
| Model; Corporate governance; Ownership structure; Innovation | ||
|
Supplementary Files
|
||
| References | ||
|
Akbari, M., Gholizdeh, M-H., & Farkondeh, M. (2017). "The Moderating Role of Non-executive Director Board Presence on the Relation between Investment Opportunity and Financial Performance". Accounting Research, 7(2), 88-103. (In Persian).
Alexandra, H., Lucian, B., (2019). Stefania Cristina Curea and Alma Pentescu. Ownership Concentration and Performance Recovery Patterns in the European Union. Journal of Sustainability, 11, 953.
Baghbanzadeh, et al. (1398). Investigation of Capital Asset Pricing Model with Intangible Capital: Randomized Dynamic General Equilibrium Model, Journal of Financial Management Strategy, Year Seven, No. 27, 25-63. (In Persian)
Barzegari Khanagha, J., & Akhavan Bahabadi, F., & Ghaedi, S., & Zare, A.H., & Zare Hosseinabadi, H. (2017). The Impact of R&D Expenditure on the Performance of Companies Listed in Tehran Stock Exchange. Journal of Accounting Review, 4(14), 1-18. (In Persian).
Brammer, S. and Pavelin, S. (2006). Voluntary Environmental Disclosures by Large UK Companies. Journal of Business Finance and Accounting, 33 (7/8), 1168-1188.
Byabany, S., Garkaz, M. (2014). Investigating the relationship between the presence of female executives on the board of directors and the performance of listed companies in Tehran Stock Exchange. Third year management accounting and auditing knowledge / No. 12
Conyon, M. J., & He, L. (2017). Firm performance and boardroom gender diversity: A quintile regression approach. Journal of Business Research, 79(12), 198-211.
Farsianjani, H., and Samiei Nesatani, A. (2010). Investigating the role of a parity between comprehensive quality management and technology management in determining the quality and innovation performance (research on manufacturing companies in the central province). IT Management 2 (4), 136-117. (In Persian).
Faccio, M., Masulis, R., and McConnell, J. (2006). Political Connections and CorporateBailouts, Journal of Finance 61(6), 2597–2635.
Gao, W., and Zhu, F. (2018). Board gender diversity and earnings qualityaround the world Pacific-Basin Finance Journal, 32, 131-159.
Han, S. (2006). Ownership structure and characteristics of Earnings, Doctcral Dissertation, Univercity of Illinois.
Haji, A. (2013). Corporate social responsibility disclosures over time: evidence from Malaysia. Managerial Auditing Journal, 28 (7), 647–676.
Hair, J., Ringle, C., Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19(1), 139-152.
Heidari, M., Ranjbari, A. (2015). Investigating the Impact of Board Reward on Earnings Forecasting. Audit Knowledge. 14 (8). (In Persian).
Huafang, X., and Jianguo, Y. (2007). Ownership structure, board composition and corporate voluntary disclosure: Evidence from listed companies in China. Auditing Journa, 22(6), 604-619.
Hsu, C. H., Lai, S. C., & Li, H. C. (2016). Institutional Ownership and Information Transparency: Role of Technology Intensities and Industries, Asia Pacific Management Review, 21, 26-37.
Jimenez, J. D., & Cegarra, N. J. (2008). Fostering innovation: the role of market orientation and organizational learning European, Journal of Innovation Management, 11 (3), 389-412.
Karami, G., Jabari, H. (2018). A board of directors' compensation model for iranian firms. Empirical Research in Accounting, 8(2), 127-154 )In Persian(.
Laleh Magin, M., Zolaghi, H., Bayat, M., and Sobhani, A. (2017). The Impact of State Ownership on the Performance of Companies Listed in Tehran Stock Exchange. National Accounting and Auditing Research. 9 (36). (In Persian).
Li, J., Pike, R., and Haniffa, R. (2008). Intellectual capital disclosure and corporate governance structure in UK firms, Journal of Accounting and Business Research, 38 (2),137-159.
Negar, V., Nanda, D., Wysocki, P. (2003). Discretionary disclosure and stock- based incenetive. Journal of Accounting and Economics. No. 34, pp. 283-309. (In Persian)
Neville, F., Byron, K., Post, C. & Ward, A. (2018). Board Independence and Corporate Misconduct: A Cross-National Meta-Analysis. Journal of Management, 2(1), pp.1-32.
Ogaluzor, O., Ifeanyichukwu1 & Omesi. (2019). Ownership Structure and Financial Performance of Listed Consumer Goods Manufacturing Companies in Nigeria. Journal of Accounting Information and Innovation, 406-424.
Rechner, P., Dalton, D. (1991). CEO Duality and Organisational Performance: Longitudinal study, Strategic Management Journal, vol12, No 155-160.
Sabouhi, N., Mohammadzadeh, A. (2018). Investigating the relationship between social function, corporate ownership and corporate governance, Financial Accounting Knowledge, 5(1), 151-127 )In Persian(.
Sepasy, S., and Esmaeili Kojani, M. (2014). Providing a Model for Explaining the Relationship between Corporate Governance and Environmental Disclosure Based on Cost Management Approach. Journal of Accounting and Auditing Management, 3(9). (In Persian)
Ting, I.W.K., Kweh, Q. L., Lean, H. H., & Ng, J.H. (2016). Ownership structure and firm performance the role of R&D. institutions and economies. 8(4).
Vaez, S. A., Karroi Moghadam, S., Alhayi, S., and Alhayi, M. (2010). Review of corporate performance and corporate governance through the ownership structure of companies admitted to the Tehran Stock Exchange. Quarterly Financial Accounting, 2 (7) 135-114. (In Persian).
Zahra, Shaker A. and Pearce, J. A. (1989). Boards of Directors Corporate Governance Financial Performance: A Review and Integrative Model, Journal of Management, 291- 334.
Zakaria, I. (2012). Performance Measures, Benchmarks and Targets in Executive Remuneration Contracts of UK Firms. The British Accounting Review,44 (3), 189-203 | ||
|
Statistics Article View: 1,257 PDF Download: 212 |
||
