IMPACT OF CORPORATE GOVERNANCE MEASURES ON STOCK PRICE CRASHES OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

AHMADI M.R.; DORSEH S.S.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Financial Accounting Research Year:2016 | Volume:8 | Issue:3 (29) Page(s): 19-42

Download Full-Text

Persian Verion

View:

2,014

Download:

Cites:

Information Journal Paper

Title

IMPACT OF CORPORATE GOVERNANCE MEASURES ON STOCK PRICE CRASHES OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE

Author(s)

AHMADI M.R. | DORSEH S.S. | Issue Writer Certificate

Keywords

STOCK PRICE CRASHESQ1

CORPORATE GOVERNANCE MEASURES ACCOUNTING OPACITY AND CEO INCENTIVES AND POWERQ2

Abstract

The aim of this study is to investigate the effect of corporate governance measures on STOCK PRICE CRASHES of listed companies in Tehran Stock Exchange. The four mechanisms of corporate governance in our study are: ownership structure, accounting transparency, board structure and processes, and CEO duality. In this paper this purpose nine hypotheses are developed and data on the 99 companies listed in Tehran Stock Exchange for the period of 2005 to 2014 are analyzed. A regression model using panel data with fixed effects approach, incorporated to test hypotheses. The findings indicate that the concentration of ownership measure of corporate governance has significant positive impact and institutional ownership, management ownership, board independence and duality of CEO has a significant negative impact STOCK PRICE CRASHES. Also, the results show that the CEO duality and accounting transparency has no significant influence on STOCK PRICE CRASHES. In additional analysis we find that these effects are asymmetric, and they are stronger in less competitive with higher uncertainty industries (where governance as a monitoring mechanism is more important).

Cites

No record.

References

No record.

Cite

APA: Copy

AHMADI, M.R., & DORSEH, S.S.. (2016). IMPACT OF CORPORATE GOVERNANCE MEASURES ON STOCK PRICE CRASHES OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, 8(3 (29) ), 19-42. SID. https://sid.ir/paper/155213/en

Vancouver: Copy

AHMADI M.R., DORSEH S.S.. IMPACT OF CORPORATE GOVERNANCE MEASURES ON STOCK PRICE CRASHES OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH[Internet]. 2016;8(3 (29) ):19-42. Available from: https://sid.ir/paper/155213/en

IEEE: Copy

M.R. AHMADI, and S.S. DORSEH, “IMPACT OF CORPORATE GOVERNANCE MEASURES ON STOCK PRICE CRASHES OF LISTED COMPANIES IN TEHRAN STOCK EXCHANGE,” JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, vol. 8, no. 3 (29) , pp. 19–42, 2016, [Online]. Available: https://sid.ir/paper/155213/en

Related Journal Papers