Investigating the Relationship between Institutional Ownership with Financial Policies and Performance of Listed Companies in Tehran Stock Exchange

Shohreh Heydari; Seyedeh Fatemeh Mir Razeghi; Armin Sharifi

doi:10.12816/0010938

Article Details

Investigating the Relationship between Institutional Ownership with Financial Policies and Performance of Listed Companies in Tehran Stock Exchange

Authors:

Shohreh Heydari | Seyedeh Fatemeh Mir Razeghi | Armin Sharifi

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.3 Issue 11, pp.18-30

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

63260

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010938

Descriptors:

Keywords:

Abstract:

 According to agency theory, "institutional owners" may reduce conflicts of agency throughthe monitoring of management measures and improve company performance. Institutionalowners given ownership of significant proportion of company’s shares have considerableinfluence in the investee companies and can affect their policies and procedures. They havemotivates and also the expertise and resources needed to monitor the company. Hence,objective of this study is investigating the relationship between institutional ownership withfinancial policies and performance of listed companies in Tehran Stock Exchange. Thus ithave been selected a total of 90 companies for the period 2006 to 2010. Pearson correlationand multiple regression analyzes were used in order to achieve the research objectives. Theresults show that institutional ownership has positive and significant relationship withdividend policy and have negative and significant relationship with financial leverage. Thereis negative relationship dividend policy and financial leverage. Also Results showed that thereis positive and significant relationship between institutional ownership and performance usingtwo criteria ROE and Tobin's Q. there isn’t significant relationship between institutionalownership and ROA.

Article Details

Investigating the Relationship between Institutional Ownership with Financial Policies and Performance of Listed Companies in Tehran Stock Exchange

Authors:

Shohreh Heydari | Seyedeh Fatemeh Mir Razeghi | Armin Sharifi

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.3 Issue 11, pp.18-30

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

63260

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010938

Descriptors:

ECONOMIC POLICY

FINANCIAL POLICY

DIVIDENDS

FINANCIAL MARKET

ECONOMIC ASPECTS

IRAN

Institutional Ownership

Dividend Policy

Financial Leverage

Agency Theory

Financial Performance

Issues

Article Details

Authors: Shohreh Heydari | Seyedeh Fatemeh Mir Razeghi | Armin Sharifi

Publisher: National Library Singapore

Main Topics: Economics and Finance

Journal: Singaporean Journal of Business, Economics and Management Studies 2015 Vol.3 Issue 11, pp.18-30

Document Type: Article

Publication Date: 6/2015

Document Language: English

Document ID (Org No.): 63260

Frequency: Monthly

pISSN: 23013621

DOI: 10.12816/0010938

Descriptors:

Issues

Authors:

Shohreh Heydari | Seyedeh Fatemeh Mir Razeghi | Armin Sharifi

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.3 Issue 11, pp.18-30

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

63260

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0010938