Hamzeh Didar; Gholamreza mansorfar; Jabraeil Rahmani
Abstract
The establishment of appropriate corporate governance mechanisms of action for the efficient use of resources, transparency and respect for the rights of all stakeholders. One of these mechanisms is the ownership structure. Cross-ownership of various aspects of business ownership structures ...
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The establishment of appropriate corporate governance mechanisms of action for the efficient use of resources, transparency and respect for the rights of all stakeholders. One of these mechanisms is the ownership structure. Cross-ownership of various aspects of business ownership structures that nature can be influential .The aim of this study is review of effect of cross- ownership over the companys performance considering the mediating variable product market competition in the form of Test Method mediator Through multiple regression models based on panel data has been conducted. Data envelopment analysis to measure performance and Herfindahl- Hirschman Index used to measure product market competition. Tests conducted on the data of 120 companies during the years 1388 to 1393 (720 firm-year) show that Property positive and significant relationship between product market competition with cross- oenership . Performance and product market competition is a significant negative relationship. The cross-ownership directly and indirectly by affecting product market competition mediator performance has a significant negative relationship.
Mehdi Hiedari; Hamzeh Didar; Bahman Qaderi
Abstract
One of the consequences of political economy is the government's influence on economic units. Companies that have a good relationship with government; pay less tax, have a greater market share, receive additional bank loans, In comparison with the other companies use the government concessions and in ...
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One of the consequences of political economy is the government's influence on economic units. Companies that have a good relationship with government; pay less tax, have a greater market share, receive additional bank loans, In comparison with the other companies use the government concessions and in the process of public offering, Government help them. Thus political patronage may lead to creation of additional value and growth opportunities for these companies. In our country, the government has a widespread presence in economic activities and its influence on the financial and operating policies of most industries in Tehran Stock Exchange is regulated. Therefore, in this research we investigation the relationship of political costs with growth opportunities using structural equation modeling approach. The research population consisted of 68 companies for the period of 2003 to 2012. Our finding indicates that the relationship between political costs and growth opportunities is positive and significant.
mehdi heidari; hamze didar; bahman` ghaderi
Abstract
Abstract One of the consequences of political economy is the government's influence on economic units. Companies that have a good relationship with government; pay less tax, have a greater market share, receive additional bank loans, In comparison with the other companies use the government concessions ...
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Abstract One of the consequences of political economy is the government's influence on economic units. Companies that have a good relationship with government; pay less tax, have a greater market share, receive additional bank loans, In comparison with the other companies use the government concessions and in the process of public offering shares Government help them, Thus political patronage may lead to creation additional value and growth opportunities for these companies.In our country, the government has a widespread presence in economic activity and its influence on the financial and operating policies of most industries in Tehran Stock Exchange is observed. Therefore, in this research we investigation the relationship of political costs with growth opportunities with structural equation modeling approach. The research population consisted of 68 companies for the period of 2003 to 2012. Our finding indicates that the relationship between political costs and growth opportunities is positive and significant. keywords
Hamzeh Didar; Gholam Reza Mansourfar; Hiva Khojaste
Volume 8, Issue 32 , January 2011, , Pages 141-168
Abstract
This study attempts to find a proper answer to the question of why some firms disclose less than other firms do; although, the disclosure information is important for users of information? Alternatively, why different companies, disclose in different levels of information? ...
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This study attempts to find a proper answer to the question of why some firms disclose less than other firms do; although, the disclosure information is important for users of information? Alternatively, why different companies, disclose in different levels of information? For this end, using the panel data analysis the impact of firm's characteristics (size, tangibility, leverage, profitability and growth in profitability) are investigated on different disclosure levels for 128 listed companies in Tehran Stock Exchange during 2003- 2009 periods. Our findings imply that, the tangibility, leverage, and profitability affect the disclosure level; however, the size and growth opportunity have an insignificant effect on disclosure. This might be due to the difference in nature of the mandatory and voluntary disclosure. All companies regardless to their situation in the market are forced to disclose their information. Therefore, the accomplished analyses through mandatory and voluntary disclosure level have been also analyzed and compared. The results show that firm's characteristics affect the voluntary section of total disclosure only.
