Investigating some corporate governance mechanisms and its effect on stock value and projected income in companies listed on the stock exchange

Subject Areas : Journal of Investment Knowledge

MISAGH AKHOONDI ¹ , Abdolmajid Dehghan ²

1 - . Master of Financial Management. Department of Management. Faculty of Management and Accounting.yadegar e Imam Khomeini (rah) Shahr e rey Unit. Islamic Azad University. Tehran. Iran
2 - Assistant Professor Department of Business Management, Faculty of Management and Accounting,yadegar e Imam Khomeini (rah) Branch, Shahr e rey, Islamic Azad University, Tehran, Iran.

Received: 2020-11-26 Accepted : 2020-12-01 Published : 2022-09-23

Keywords: Shareholders, Corporate Governance, Stock value, board of directors, revenue forecast,

Abstract :

Tensions between the rights of individuals and organizations have been fundamental problems in societies.Financial markets and powerful corporations are growing dramatically around the world.In the face of this growth, there must be targeted legal and regulatory tools for corporate accountability.Corporate governance is designed in the same framework.Corporate governance system is a reaction to the issue of representation and to the separation of ownership from management or, more commonly, the separation of ownership from control of companies, and is itself the result of two main causes;First, each participant has different goals and preferences.Second, each does not have complete information about the other's actions, knowledge, and preferences.Obviously, this separation, assuming effective executive mechanisms of corporate governance, creates the potential for managers to make decisions that are in line with their own interests and the opposite of the interests of shareholders.Gradually, as the authority to exercise direct sovereignty over the owners diminishes, control is transferred to other groups, such as boards and directors.It can be said that any change in the implementation of the governance structure has a great impact on the change of leadership and their performance.The relationship between corporate governance and corporate performance is an important issue in financial matters. Corporate governance aims to strengthen the atmosphere of transparency, honesty and accountability in the management of the organization. Evaluating the performance of corporate governance and examining its mechanisms is very important and has a great impact on economic decisions of companies.

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