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The Relationship between Corporate Governance and Stock Price Crash Risk with Tendency Corporate Ownership

Author

Listed:
  • Zahra Pour Zamani

    (Associate professor, accounting department, Islamic Azad University of Tehran)

  • Arash Behdash

    (MA in accounting, Islamic Azad University of Tehran)

Abstract

This study examines the relationship between corporate governance and risk falling stock prices according to the type of ownership of the company on the Stock Exchange of Tehran. For this study, a sample of 4 companies listed companies in Tehran Stock Exchange were selected using random sampling method. In this study, the relationship between corporate governance and risk falling stock prices according to the type of company ownership in Tehran Stock Exchange for the period 1389 to 1393 was A total of 470 observed for the period was used Who has 70 years of institutional ownership companies And 400 data related to companies with ownership of the company. The statistical methods used in this research is multiple regression method. The results show that the risk of falling standards of corporate governance in companies owned firm’s stock price So that the effectiveness of the board, board structure and governance structure, risk of falling stock prices on corporate ownership in companies with significant effect in reverse. But institutional ownership in companies with corporate governance criteria in danger of falling stock prices have no effect.

Suggested Citation

  • Zahra Pour Zamani & Arash Behdash, 2017. "The Relationship between Corporate Governance and Stock Price Crash Risk with Tendency Corporate Ownership," Business, Management and Economics Research, Academic Research Publishing Group, vol. 3(11), pages 212-217, 11-2017.
    • Handle: RePEc:arp:bmerar:2017:p:212-217
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    References listed on IDEAS

    as
    1. Kim, Jeong-Bon & Li, Yinghua & Zhang, Liandong, 2011. "Corporate tax avoidance and stock price crash risk: Firm-level analysis," Journal of Financial Economics, Elsevier, vol. 100(3), pages 639-662, June.
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