Explanation of Relationship between Corporate Governance and Information Disclosure of Quoted Companies in Tehran Stock Exchange
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2013, Vol 3, Issue 4
Abstract
The purpose of this research is to review the effect of corporate governance on voluntary and mandatory information disclosure of quoted companies in Tehran stock exchange. The time period of this research is 2007-2011, and it is done on a sample of 194 companies. To analyze research data in pooled/panel mode, we used regression multivariate models with fixed and random effects in Eviews 6 program. In this research, we used corporate governance mechanisms such as auditors, percentage of independent board, ownership centralization, institutional ownership, and free float stocks as independent variables. Dependent variable which is used in this research is information disclosure, which is divided into two categories: mandatory and voluntary. Control variable of this research is company size and financial leverage. Results indicate that among corporate governance mechanisms, percentage of independent board has a positive and significant effect on mandatory and voluntary disclosure of information. Moreover, institutional ownership has a positive and significant effect on mandatory disclosure of information and ownership centralization.
Authors and Affiliations
Zeinab Barani, Mansoor Garkaz, Alireza Pakzad
Keywords
Related Articles
- EP ID EP141414
- DOI 10.6007/IJARAFMS/v3-i4/305
- Views 143
- Downloads 0
The Challenges for Establishing the Convergence of Accounting Reporting Among Different Countries
The purpose of this study is to exam the challenges for establishing the convergence of accounting reporting among different countries. The role and efforts by the International Financial Reporting Standards (IFRS), the...
Social Networks as a Source of New Value
In recent years, new business solutions have appeared based on creative ideas and the ability to use multi-channel communication with clients. Social networks are now not only a necessary complement to communication, but...
Corruption Control in the Public Sector and the Nigerian Accountant
Corruption has become a systemic problem in Nigeria with its negative effects on every facet of the economy. This study examines the role of accountant on corruption control in the Nigerian public sector and the impact o...
The Relationship Between Sales Revenue and Net Profit with Net Cash Flows from Operating Activities in Jordanian Industrial Joint Stock Companies
The current study aims at identifying the relationship between sales revenue and net profit with net cash flows from operating activities in Jordanian industrial joint stock companies. In order to achieve this objective,...
Environmental Disclosures on the Internet: An Exploratory Study
Environmental disclosure (ED) is now considered to be a ‘key’ medium through which to communicate a corporations ‘environmental’ performance to its stakeholders. The rapid growth of ‘Internet’ technology has created the...