Document Type : Research Paper

Authors

Abstract

Abstract
Corporate risk taking is important perspective related to performance.
This paper is investigating the relationship between corporate risk
taking and financial performance along with checking for the impact
of corporate governance mechanism on risk and performance linkage.
To achieve the mentioned goal 101 companies listed on Tehran Stock
Exchange over the period of 2005 to 2012 (including 808 firm- years)
were examined through correlation test and using the liner regression
model. Result show corporate risk taking have significant positive
relationship with financial performance. In addition, board
independence have significant negative relationship with corporate
risk taking; while association of Institutional investor and board size
and corporate risk taking is not significant. Findings also show that
board independence, board size and institutional investor have direct
significant impact on the relationship between corporate risk taking
and financial performance

Keywords

منابع
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