Ali Saghafi; Abdol Hossein Talebi Najafabadi
Abstract
Diffusion of corporate governance mechanisms leads to stabilize the financial markets, and economic growth and helps to companies to have a proper implementation of corporate governance in competition. Because proper implementation these mechanisms express of necessary motivation for managers to arrive ...
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Diffusion of corporate governance mechanisms leads to stabilize the financial markets, and economic growth and helps to companies to have a proper implementation of corporate governance in competition. Because proper implementation these mechanisms express of necessary motivation for managers to arrive to determinate goods, corporate proper value and also stockholders efficiency supervision, this approach leads to trust creation in investors. That this make success initial public offering stocks in corporate specially governmental corporate. of company in addition to the way of supervision on the efficiency of stockholders. In this research examining influence of above mechanisms on corporate value as a one of dimension of turn over in124 governmental and nongovernmental corporate that they have been initial offering in 2003-2013 time series in the Tehran stock exchange. research results indicate that opposite to the discussed theories, there is no significant relation between principle of corporate sovereignty including the establishing an audit committee, breakdown the role of managing director from chairman of the board direct and the size of managing board with the value (performance) of initial offering company. It seems Tehran stock exchange space is not that, the competition in the environment of competition enough and mainly audit committee’s structure have problems and managers have dominance on they and authorities that exist in charter of the audit committees are action unenforceable.
Abstract
, in this research the effect of mentioned principle on the value of company has been investigated as a performance dimension among 117 initial released corporations during time interval of 2003-2013 in the Tehran stock exchange. In order to collect the data to conduct research, the software of Nevin ...
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, in this research the effect of mentioned principle on the value of company has been investigated as a performance dimension among 117 initial released corporations during time interval of 2003-2013 in the Tehran stock exchange. In order to collect the data to conduct research, the software of Nevin Rehaward, audited financial statements and the hope letters of registered companies inserted in these sites of www.rdis.ir, www.tse.tmc and Kodal, and the SPSS software have been used to analyze the data. Finally, the research results indicate that opposite to the discussed theories, there is no significant relation between principle of corporate sovereignty including the establishing an audit committee, separating the role of managing director from the director of managing board and the size of managing board with the value (performance) of initial release company. It seems that, the competition in the environment of Tehran stock exchange is not in enough amount and the structure of audit committees have mainly problems that is under supervision of those managers and the authorities written in the charter of audit committees is practically inapplicable. This perspective should be investigated until more satisfaction could be achieved to the posed claims, and could help in the success of initial release companies especially for privatization of governmental corporations.
A ansari; N kamali kermani; A talebi najaf abadi
Volume 9, Issue 36 , January 2012, , Pages 53-73
Abstract
Failure of audit reports has recently leaded to fundamental criticisms toward auditing profession and the magnifying of profession defects (in order to stakeholders’ value protection). In this field, auditor not only intrinsically should be independent, , but also they should seem independent in ...
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Failure of audit reports has recently leaded to fundamental criticisms toward auditing profession and the magnifying of profession defects (in order to stakeholders’ value protection). In this field, auditor not only intrinsically should be independent, , but also they should seem independent in auditing and attesting about financial statements. Considering the importance of independence, this paper simultaneous investigates the influence of performing audit and non-audit services on auditor independence. Also, the influence of non-audit services and a reliable organization supervision on simultaneous performing of audit and non-audit services and also auditing separation of duties on independence has been studied. Questionnaire tool was used for gathering required data and questionnaires were distributed between academics and stock analyzers. For gathering information from questionnaire, in which Likert spectrum was used for analysis, and testing hypotheses, proportion test and Minitab software were used. Research findings reveal that if audit and non-audit services were performed by two different groups of auditors, or if they were performed under supervision of a reliable supervisory organization, the impairment of auditor independence won't happen and the level of non-audit services and also the simultaneous performance of audit and non-audit services has no effect on auditor independence.
