پیام رسان بله
The investigation of the impact of product market competition on the relationship of ownership structure and performance
The investigation of the impact of product market competition on the relationship of ownership structure and performance
Zohreh Hajiha1 Aylin Rahmani Esbagrani2
1) Associate professor of accounting, Islamic Azad University, East Tehran Branch,Iran
2) Master of accounting, Islamic Azad University, Electronic Branch,Tehran, Iran
IOI Code
:
XAEE-CCAZC
Publication :
اولین کنفرانس ملی نقش حسابداری، اقتصاد و مدیریت در توسعه پایدار با تاکید بر اقتصاد مقاومتی (aem2017.ir)
Abstract :
This study investigates the impact of product market competition on the relationship of ownership structure and performance in Tehran Stock Exchange. Performance is estimated by market value on book value. The research population is companies which were member in Tehran Stock Exchange during years 2007- 2014. The regression model was used to test the hypotheses. The results showed that managerial ownership in competitive market has a significant effect on performance. Also, for companies in a weak market, institutional ownership has significant effects on performance.
Keywords : product market competition institutional ownership managerial ownership