The investigation of the impact of product market competition on the relationship of ownership structure and performance

zohreh hajiha¹ aylin rahmani²

1) Associate professor of accounting, Islamic Azad University, East Tehran Branch
2) Master of accounting, Islamic Azad University, Central Tehran Branch

IOI Code : XBZD-CHFFH
Publication : 2nd International Conference on Modern Development in Management, Economics and Accounting (2imea.com)
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