Study of Relation between Financial Crisis in Financial Intermediary Institutions and Corporate Governance

amir mahdi khazaeimokhadam¹ Dr.Habibollah nakhaei² karim nakhaei³

1) studentuniversitiazad eslamic gaen
2) faculty of Accounting.Birjand.branch eslamik azad university Birjand iran
3) faculty of Accounting.Birjand.branch eslamik azad university Birjand iran

IOI Code : XYAC-ZCABB
Publication : 3rd.International Conference on Modern Research’s in Management,Economics & Accounting(3meaconf.com)
Abstract :
    In order to study the effective factors in emerging financial crisis and determining approaches for preventing these factors, methods for avoiding these factors were discussed by studying effective factors in emerging financial crisis and bankruptcy of banks. Extracted data in this study was associated with private banks listed in Tehran Stock Exchange during 1387-1391. In this study, we looked into data gathered alongside recognizing remote observations by calculating descriptive statistics at first. Then, research hypotheses were tested using correlation analysis and multi-variable regressions by data panel method. In this study, we estimated the index of financial crisis by linear discriminant analysis model which based on that, in this model, discrimination point for banks with and without financial crisis was 10/524. Results from regression model showed that in implementation of research model, we used panel method with random effects. On the other hand, the influence of variables of entity Shareholders’ existence and percentage of ownership on the financial crisis index was meaningful, however, there were reverse effect by entity Shareholders and direct effect by percentage of state ownership.

Keywords : financial intermediary institutions financial crisis banks corporate governance