Cooperate governance determines distribution of the equities and responsibilities among the partners such as board of directors, stockholders and other beneficiaries. Moreover, it determines the laws and procedures of decisions made in the field of the company’s affairs. By doing so, some structures are provided through which the goals of the company are determined and the tools of achieving those goals along with the tools for supervising the performance of the company are provided. The aim of present study is to investigate the relationship among the ownership structure, capital structure the finance-related decisions in the companies listed at Tehran Stock Exchange. Three aspects of management ownership, institutional ownership and cooperate ownership were investigated to study the ownership structure. Statistical population of the study involves 99 companies listed at Tehran Stock Exchange between the years 2010-2014. Present study is applied in objectives using post event approach and descriptive in research methodology. Eviews software was used to test the research hypotheses. The research hypotheses were investigated by linear regression. Findings of the study indicated that different aspects of ownership structure employed in this study has significant effect on the debt ratio (leverage).
کلید واژگان :cooperate governance, ownership structure, capital structure, finance
ارزش ریالی : 600000 ریال
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