Political Connections and Financial Performance of Companies Accepted in Tehran Stock Exchange

Political behavior is one of the activities that are not necessary as part of a formal role in the organization, but they influence the distribution of benefits and shortcomings within the organization. In other words, political behavior includes activities that are carried out in an organization for the acquisition, development, use of power and other resources to achieve the priorities of a person, in a situation where uncertainty (or disagreement) about the options would have existed. The purpose of this research is Political Connections and Financial Performance of Companies Accepted in Tehran Stock Exchange. The research period is 2011-2011. In this study, 109 companies listed in Tehran Stock Exchange were selected as sample size. In order to test the hypothesis of the research, multiple regression was used and the results of the research showed that there is a positive and significant relationship between political communication and financial performance of the companies accepted in Tehran Stock Exchange.

Political Connections, Financial Performance.