Javad Sadeghi Panah; Rahebeh Boroumand; Amir Hassan Susaraie; Karim Esgandari; Leila Beigloo
Volume 7, Issue 3 , July 2018, , Pages 318-325
Abstract
This study investigates the separate relationships between three macroeconomic variables the consumer price index, oil prices, and foreign exchange rates and the consolidated price movements of a 24-industry index of stocks listed on the Tehran Stock Exchange during 2003–2009. We hypothesize a ...
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This study investigates the separate relationships between three macroeconomic variables the consumer price index, oil prices, and foreign exchange rates and the consolidated price movements of a 24-industry index of stocks listed on the Tehran Stock Exchange during 2003–2009. We hypothesize a significant and direct relation between each macro variable and price movements of the 24-industry index. To test our hypotheses, we use econometric methods that include ordinary least squares (OLS), linear regression, the Dickey–Fuller test, the Phillips–Perron unit root test, the F test, and the White test. Results indicate a direct and significant relation between the CPI and the 24-industry index. However, results confirm that there is no significant relation between either the oil price or the exchange rate and the index during the period examined.
Javad Sadeghi Panah; parviz Saeidi; Rahebeh Boroumand
Volume 4, Issue 2 , April 2015, , Pages 102-117
Abstract
This research focuses on the measurement of the quality of corporate governance and on whether there exists a relationship between corporate governance and firm performance for a sample of the Top 100 companies. With reference to the battery of models available from the literature and the Code ...
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This research focuses on the measurement of the quality of corporate governance and on whether there exists a relationship between corporate governance and firm performance for a sample of the Top 100 companies. With reference to the battery of models available from the literature and the Code of Corporate Governance applicable to Mauritius, a checklist measuring the effect of 13 key factors was developed and studied in relation to the Taffler model. Analysis from the results shows that on the overall, there is no difference in performance for companies having poor and excellent quality of governance. Hence no significant relationship has been found between corporate governance and financial performance.
Rahebeh Boroumand; Parviz Saeidi; Javad Sadeghi Panah
Volume 4, Issue 2 , April 2015, , Pages 118-133
Abstract
We studied panel data for corporate governance ratings in 51 countries between 1996 and 2005 to better understand what the country-level predictors of corporate governance legitimacy might be. Using neo-institutional theory, we found that all three forms of isomorphism influenced corporate governance ...
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We studied panel data for corporate governance ratings in 51 countries between 1996 and 2005 to better understand what the country-level predictors of corporate governance legitimacy might be. Using neo-institutional theory, we found that all three forms of isomorphism influenced corporate governance at the national-level. Specifically, both coercive isomorphic pressures were positively related to perceived corporate governance legitimacy. In addition, both mimetic isomorphic pressures were positively related to perceived legitimacy. Finally, one normative pressure (e.g., religious tension) was negatively related to perceived legitimacy. This study refines and extends the governance literature, as well as the institutional perspective.