Evaluating the Effects of Ownership Structure and Cash Holding on Accepted Companies Value in Tehran Stock Exchange

Document Type: Original Research

Authors

1 MA in Accounting, Trainee at District 5, East Azerbaijan Department of Education, Varzghan, Iran

2 MA in Accounting, Trainee at District 1, East Azerbaijan Department of Education, Varzghan, Iran

3 MA in Accounting, Islamic Azad University, Varzghan Branch, Varzghan, Iran

Abstract

The current research is studying the role of ownership structure and cash holding on the accepted companies' value in Tehran Stock Exchange. The sample of the research includes 62 corporations within 2008 to 2013.The ownership structure can direct the corporate toward better performance and increasing its value and has remarkable importance for increasing the company's success and society's economics. According to the results based on variance analysis, there is positive and significant relationship between ownership structure and corporate value while there are not significant relationships between other independent variables such as the size of the board of directors, power of the board of directors and cash holding with dependent variable (corporate value). Regarding the controlled variables of the research, which are financial leverage, dividend payout ratio, Q Tubin, there is a positive and significant relationship between the corporate value and financial leverage, while the other controlled variables do not have significant relationship with corporate value.

Keywords


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