IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v3y2013i4p33-45.html
   My bibliography  Save this article

Explanation of Relationship between Corporate Governance and Information Disclosure of Quoted Companies in Tehran Stock Exchange

Author

Listed:
  • Zeinab Barani

    () (Islamic Azad university of Najaf Abad)

  • Mansoor Garkaz

    () (Islamic Azad University of Ali Abad Katool)

  • Alireza Pakzad

    () (Islamic Azad University of Ali Abad Katool)

Abstract

The purpose of this research is to review the effect of corporate governance on voluntary and mandatory information disclosure of quoted companies in Tehran stock exchange. The time period of this research is 2007-2011, and it is done on a sample of 194 companies. To analyze research data in pooled/panel mode, we used regression multivariate models with fixed and random effects in Eviews 6 program. In this research, we used corporate governance mechanisms such as auditors, percentage of independent board, ownership centralization, institutional ownership, and free float stocks as independent variables. Dependent variable which is used in this research is information disclosure, which is divided into two categories: mandatory and voluntary. Control variable of this research is company size and financial leverage. Results indicate that among corporate governance mechanisms, percentage of independent board has a positive and significant effect on mandatory and voluntary disclosure of information. Moreover, institutional ownership has a positive and significant effect on mandatory disclosure of information and ownership centralization.

Suggested Citation

  • Zeinab Barani & Mansoor Garkaz & Alireza Pakzad, 2013. "Explanation of Relationship between Corporate Governance and Information Disclosure of Quoted Companies in Tehran Stock Exchange," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(4), pages 33-45, October.
  • Handle: RePEc:hur:ijaraf:v:3:y:2013:i:4:p:33-45
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Article_05_Explanation_of_Relationship_between_Corporate_Governance(1-----).pdf
    Download Restriction: no

    File URL: http://hrmars.com/hrmars_papers/Article_05_Explanation_of_Relationship_between_Corporate_Governance(1-----).pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:3:y:2013:i:4:p:33-45. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.