Studying the Connection between the Agency Theory of Active Companies & Tehran Stock Exchange

Subject Areas : Journal of Cultural Management

دکتر رمضانعلی رویایی ¹ , دکتر فریدون رهنمای رودپشتی ² , محمدرضا عبدلی ³

1 - ندارد
2 - ندارد
3 - مسئول مکاتبات

Received: 2014-09-15 Accepted : 2014-09-15 Published : 2009-03-21

Keywords: Culture, Tehran Stock Exchange, Hoffstead &amp, Agency Theory,

Abstract :

This research studies the 4 dimensions of the “Agency Theory” to understand theconnection between the Agency Theory of active companies & Tehran stockexchange; And, it assays the effects of it on agency theory factors such asmanagement interest and inattentive workers. The researcher initially gives anintroduction on the work done in the past and then presents the theoretical bases of theresearch. The research has been done through the experimental research method andquestionnaires were handed out to 209 companies of Tehran stock exchange whichwere the sample society. The results have shown that there is no connection betweenmanagement interest and the factors of ambiguity avoidance, male chauvinism andindividualism. But, there is a connection between inattentive workers and the factorsof ambiguity avoidance, male chauvinism and individualism.