Artikel
The role of corporate governance in investment efficiency and financial information disclosure risk in companies listed on the Tehran stock exchange
This study's primary purpose is to investigate corporate governance's role in investment efficiency and financial information disclosure risk in companies listed on the Tehran Stock Exchange. A multivariate linear regression model based on the panel data model was used to test the research hypotheses. The results of the survey of 140 companies listed on the Tehran Stock Exchange from 2015 to 2021 indicate that investment efficiency has increased by increasing the quality of corporate governance. In addition, research findings show that improving the quality of corporate governance reduces the risk of financial information disclosure. The life cycle and firm size were used to evaluate the robustness of the results obtained in this study. It was observed that improving corporate governance in companies in the stages of growth and maturity increases investment efficiency and reduces the financial information disclosure risk. In contrast, in companies that are in the decline stage, it reduces investment efficiency and increases the risk of financial information disclosure. In terms of firm size, it was also observed that, in small firms, as corporate governance increases, investment efficiency decreases, and the risk of financial information disclosure increases. However, investment efficiency and financial information disclosure reduce risk by improving large companies' corporate governance.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 15 ; Year: 2022 ; Issue: 12 ; Pages: 1-22
- Classification
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Management
- Subject
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corporate governance
investment efficiency
financial information disclosure risk
- Event
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Geistige Schöpfung
- (who)
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Kashani, Samira Moghaddamzadeh
Shiri, Mahmoud Mousavi
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
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2022
- DOI
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doi:10.3390/jrfm15120577
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Kashani, Samira Moghaddamzadeh
- Shiri, Mahmoud Mousavi
- MDPI
Time of origin
- 2022
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The IFRS 8 segment reporting disclosure: Evidence on the Czech listed companies
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
Fulfillment of IFRS 2 disclosure requirements by companies listed on the Prague Stock Exchange
An examination of strategy disclosure in the annual reports of South African listed companies
Factors affecting corporate social responsibilities disclosure of listed companies in Vietnam
The Influence of information transparency and disclosure on the value of listed companies: Evidence from Vietnam
An Investigation Regarding the Disclosure of Corporate Social Responsibility Information for Listed Companies from Romania
International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies
Audit committee characteristics and corporate governance disclosure: evidence from Vietnam listed companies
Human resource accounting disclosure among listed companies in Vietnam: An empirical study
An investigation into the effect of audit quality on accounting conservatism in companies listed in Tehran stock exchange
An investigation into the effect of audit quality on accounting conservatism in companies listed in Tehran stock exchange
The IFRS 8 segment reporting disclosure: Evidence on the Czech listed companies
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
Fulfillment of IFRS 2 disclosure requirements by companies listed on the Prague Stock Exchange
An examination of strategy disclosure in the annual reports of South African listed companies
Factors affecting corporate social responsibilities disclosure of listed companies in Vietnam
The Influence of information transparency and disclosure on the value of listed companies: Evidence from Vietnam
An Investigation Regarding the Disclosure of Corporate Social Responsibility Information for Listed Companies from Romania
International financial reporting standards (IFRS) disclosure and performance of Nigeria listed companies
Audit committee characteristics and corporate governance disclosure: evidence from Vietnam listed companies
Human resource accounting disclosure among listed companies in Vietnam: An empirical study
An investigation into the effect of audit quality on accounting conservatism in companies listed in Tehran stock exchange