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The Effect of Ownership Structure on Voluntary Discloser in Tehran Stock Exchange


Affiliations
1 Department of Accounting, Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
2 Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
     

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This study aims to investigate the impact of ownership structure on voluntary discloser in financial reporting of firms listed in Tehran Stock Exchange (TSE). To do so, ownership structure is classified into three groups namely institutional, managerial, and corporate ownership. In addition, voluntary disclosure is determined through 30 indexes which have been applied by previous studies, making some modifications. Sample of the study includes 101 firms listed in TSE whose financial statements and board activity reports are studied during the period of 2009 to 2011. To test each hypothesis, regression model using SPSS software is used which led to a comprehensive multivariate regression. The results show that there a positive significant relationship between ownership structure components (institutional, managerial and corporate ownership) and voluntary discloser in financial reporting of firms listed in TSE.

Keywords

Ownership Structure, Voluntary Discloser, Institutional Ownership, Managerial Ownership, Corporate Ownership
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  • The Effect of Ownership Structure on Voluntary Discloser in Tehran Stock Exchange

Abstract Views: 651  |  PDF Views: 2

Authors

Saeid Jabbarzadeh Kangarlouei
Department of Accounting, Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
Hamed Alizadeh Birjandi
Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
Morteza Motavassel
Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of

Abstract


This study aims to investigate the impact of ownership structure on voluntary discloser in financial reporting of firms listed in Tehran Stock Exchange (TSE). To do so, ownership structure is classified into three groups namely institutional, managerial, and corporate ownership. In addition, voluntary disclosure is determined through 30 indexes which have been applied by previous studies, making some modifications. Sample of the study includes 101 firms listed in TSE whose financial statements and board activity reports are studied during the period of 2009 to 2011. To test each hypothesis, regression model using SPSS software is used which led to a comprehensive multivariate regression. The results show that there a positive significant relationship between ownership structure components (institutional, managerial and corporate ownership) and voluntary discloser in financial reporting of firms listed in TSE.

Keywords


Ownership Structure, Voluntary Discloser, Institutional Ownership, Managerial Ownership, Corporate Ownership

References