The moderating impact of the majority stakeholder's patience on managing the impact of information and corporate performance: A case study of companies listed on Tehran Stock Exchange
Subject Areas : Journal of Investment Knowledge
hosein rostami
1
(
Student, Ph.D. in Accounting,Qazvin Branch, Islamic Azad University, Qazvin , Iran.
)
farzin rezaei
2
(
Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
)
Abdolsamad Khalatbari
3
(
Assistant Professor, Department of Accounting, Ramsar Branch, Islamic Azad University, Ramsar, Iran
)
Keywords: company performance, information impact management, majority shareholder endurance,
Abstract :
Impact management is an opportunistic and informed behavior that is expressed as a targeted management strategy in the presentation of a bias report by managers in an organization that affects users' perceptions of information and changes their perceptions to achieve or protect their interests. Applying appropriate supervision by majority shareholders tends to limit the opportunistic and profitable behavior of managers. Hence, the traditional role of corporate governance mechanisms is the suppression of opportunistic behavior to protect corporate shareholders, and is Carter's performance. The purpose of this study is to investigate the effect of the moderator of majority tolerance on information management and corporate performance in Tehran Stock Exchange. The purpose of this research is applied and from the methodological point of view is descriptive-correlational research. For this purpose, the required data from 79 listed companies in Tehran Stock Exchange during the period of 2007 to 2016 was collected. The results of the research indicate that the various corporate governance mechanisms that are used to direct and control companies internally and externally reduce the impact of information management practices. The results of assumptions indicate that information management has a negative and significant effect on the firm's performance, but the majority shareholder's patience reinforces the relationship between information management and performance impact.
Pillai, Rekha, Al-Malkawi, Husam-Aldin Nizar, On the relationship between corporate governance and firm performance: Evidence from GCC countries.Research in International Business and Finance http://dx.doi.org/10.1016/j.ribaf.2017.07.110
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