The Relationship Between Cross Ownership and Efficiency in Firms Listed on Tehran Stock Exchange with the Impact of Intermediary Variable Product Market Competition | ||
| مطالعات تجربی حسابداری مالی | ||
| Article 7, Volume 15, Issue 58, July 2018, Pages 137-159 PDF (1.41 M) | ||
| Document Type: Research Paper | ||
| DOI: 10.22054/qjma.2018.9429 | ||
| Authors | ||
| Hamzeh Didar* 1; Gholamreza mansorfar1; Jabraeil Rahmani2 | ||
| 1Associate Professor , Accounting Department, Urmia University, Urmia, Iran | ||
| 2M.S. of Financial Management, Urmia University, Urmia, Iran | ||
| Abstract | ||
| The establishment of appropriate corporate governance mechanisms of action for the efficient use of resources, transparency and respect for the rights of all stakeholders. One of these mechanisms is the ownership structure. Cross-ownership of various aspects of business ownership structures that nature can be influential .The aim of this study is review of effect of cross- ownership over the companys performance considering the mediating variable product market competition in the form of Test Method mediator Through multiple regression models based on panel data has been conducted. Data envelopment analysis to measure performance and Herfindahl- Hirschman Index used to measure product market competition. Tests conducted on the data of 120 companies during the years 1388 to 1393 (720 firm-year) show that Property positive and significant relationship between product market competition with cross- oenership . Performance and product market competition is a significant negative relationship. The cross-ownership directly and indirectly by affecting product market competition mediator performance has a significant negative relationship. | ||
| Keywords | ||
| cross- ownership- data envelopment analysis- efficiency; Herfindahl- Hirschman – product market competition | ||
| References | ||
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