The Relationship between Stock Prices Crash and Dedicated Institutional Investors and Transient Institutional Investors

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Hejazi Rezven; Khatami Seyyed Kamal; Aboulhasani Targhi Alireza; EBRAHIMI MOHSEN

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Journal: The Financial Accounting and Auditing Researches Year:2020 | Volume:12 | Issue:45 Page(s): 81-102

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Title

The Relationship between Stock Prices Crash and Dedicated Institutional Investors and Transient Institutional Investors

Author(s)

Hejazi Rezven | Khatami Seyyed Kamal | Aboulhasani Targhi Alireza | EBRAHIMI MOHSEN | Issue Writer Certificate

Keywords

Corporate GovernanceQ2

Stock Prices CrashQ2

Dedicated Institutional InvestorsQ1

Transient Institutional InvestorsQ1

Abstract

This is always probable by agency theory that managers of the corporation do not decide based on shareholders' profit, so they tried to prepare a base of opaque reporting and absolutely the crash of the price of stock in order to receive good news in the future. As opposed to that, institutional actionaries are being used by contexts of corporate govermance by emphasizing on them as controlling equips to contrast with opportunistic gravitation and coalesence of efficient contract, to emphasize on the role of institutional investors in guidance machanism of corporation and their potential ability in affecting on methods and politics which are being used by managers. As a result, it is necessary to study about the role of institutional investors in sudden crash of the stock price. Therefore, this research has checked the relation between institutional investors and crash of stock price by exploiting two hypotheses of efficient supervision and revenue convergence and also categorizing institutional investors into two groups of transient and Dedicated Institutional Investors, it has also used the information of 152 accepted companies in Tehran stock market. Findings of the research show that there is a negative and meaningful relation between Dedicated Institutional Investors and crash of stock price. So, there is no relationship between Transient Institutional Investors and the crash of stock price; this matter is pointing to differentiation of transient and Dedicated Institutional Investors and also emphasizing on Dedicated Institutional Investors as efficient controlling equips on pillar of leading the organization and contrast with sudden crash of stock price.

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APA: Copy

Hejazi, Rezven, Khatami, Seyyed Kamal, Aboulhasani Targhi, Alireza, & EBRAHIMI, MOHSEN. (2020). The Relationship between Stock Prices Crash and Dedicated Institutional Investors and Transient Institutional Investors. THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES, 12(45 ), 81-102. SID. https://sid.ir/paper/197993/en

Vancouver: Copy

Hejazi Rezven, Khatami Seyyed Kamal, Aboulhasani Targhi Alireza, EBRAHIMI MOHSEN. The Relationship between Stock Prices Crash and Dedicated Institutional Investors and Transient Institutional Investors. THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES[Internet]. 2020;12(45 ):81-102. Available from: https://sid.ir/paper/197993/en

IEEE: Copy

Rezven Hejazi, Seyyed Kamal Khatami, Alireza Aboulhasani Targhi, and MOHSEN EBRAHIMI, “The Relationship between Stock Prices Crash and Dedicated Institutional Investors and Transient Institutional Investors,” THE FINANCIAL ACCOUNTING AND AUDITING RESEARCHES, vol. 12, no. 45 , pp. 81–102, 2020, [Online]. Available: https://sid.ir/paper/197993/en

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