The Relationship between Corporate Governance and Volatility of Profit and Loss Components

Iranian Journal of Accounting, Auditing and Finance

دوره 4، شماره 1، بهار 2020، صفحه 49-63  

نوع مقاله: Accounting

شناسه دیجیتال (DOI): 10.22067/ijaaf.2020.39258

نویسنده

Maryam Seifzadeh

Hormozgan University, Department of Accounting

چکیده

The present study is concerned about the relationship between corporate governance and the volatility of profit and loss components in companies listed on the Tehran Stock Exchange.
 This paper's statistical population includes 129 listed companies on the Tehran Stock Exchange during 2012-2017. For testing the study's hypotheses, the multivariate linear regression is used based on the panel data.
The study's findings show no significant relationship between institutional shareholders’ ownership percentage and profit volatility and loss. Moreover, the results indicate a negative and significant relationship between the percentage of major shareholders and volatility of profit and loss. The study's findings suggest a positive and significant relationship between board independence, financial expertise, and CEO education, and volatility of profit and loss.
This paper fills the gap by presenting logical reasoning and empirical evidence on the Tehran Stock Exchange and further develops the conducted studies on corporate governance.

کلیدواژه‌ها

Corporate Governance؛ Net Profit؛ Volatility of Profit؛ Loss Components