The Relation between Corporate Governance Quality and Stock Return Volatility

The Relation between Corporate Governance Quality and Stock Return Volatility

The present study aims to investigate the relation between corporate governance quality and stock return volatility using a comprehensive index consisting three general sub-indices including board composition, shareholder rights and information transparency. Our sample includes 96 firms listed in Te...

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Bibliographic Details
Main Authors: safiyeh daylami, Mehdi safari
Format: Article
Language:fas
Published: Alzahra University 2016-11-01
Series:پژوهش‌های تجربی حسابداری
Subjects:
Board composition
Shareholder Rights
Information transparency
Stock return volatility
Online Access:http://jera.alzahra.ac.ir/article_2539_873788fe5366fe0253510d166ec35eae.pdf
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spelling doaj-63d0b56b8e204d2e82b68605412ae8b42020-11-24T20:47:13ZfasAlzahra Universityپژوهش‌های تجربی حسابداری2251-85092538-15202016-11-016111513610.22051/jera.2016.25392539The Relation between Corporate Governance Quality and Stock Return Volatilitysafiyeh daylami0Mehdi safari1Department Of Accounting, Gorgan Branch, Islamic Azad University, Gorgn, Iran Department Of Accounting, Golestan Science and Re search Branch, Islamic Azad University, Gorgn, IranAssistant prof,Department of accounting,Bandargaz Branch, Islamic Azad University, Bandargaz,IranThe present study aims to investigate the relation between corporate governance quality and stock return volatility using a comprehensive index consisting three general sub-indices including board composition, shareholder rights and information transparency. Our sample includes 96 firms listed in Tehran Stock Exchange during 2010-2014. The research method is multivariate regression model based on panel data, and the results indicate that stock return volatility has a significant negative relation with board composition and information transparency. However, no significant relation has been found between stock return volatility and shareholder rights. The results of this study not only fill the void of research in this area, but pave the way for directors, policy makers and other stakeholders to make better decisions.http://jera.alzahra.ac.ir/article_2539_873788fe5366fe0253510d166ec35eae.pdfBoard compositionShareholder RightsInformation transparencyStock return volatility
collection DOAJ
language fas
format Article
sources DOAJ
author safiyeh daylami
Mehdi safari
spellingShingle safiyeh daylami
Mehdi safari
The Relation between Corporate Governance Quality and Stock Return Volatility
پژوهش‌های تجربی حسابداری
Board composition
Shareholder Rights
Information transparency
Stock return volatility
author_facet safiyeh daylami
Mehdi safari
author_sort safiyeh daylami
title The Relation between Corporate Governance Quality and Stock Return Volatility
title_short The Relation between Corporate Governance Quality and Stock Return Volatility
title_full The Relation between Corporate Governance Quality and Stock Return Volatility
title_fullStr The Relation between Corporate Governance Quality and Stock Return Volatility
title_full_unstemmed The Relation between Corporate Governance Quality and Stock Return Volatility
title_sort relation between corporate governance quality and stock return volatility
publisher Alzahra University
series پژوهش‌های تجربی حسابداری
issn 2251-8509
2538-1520
publishDate 2016-11-01
description The present study aims to investigate the relation between corporate governance quality and stock return volatility using a comprehensive index consisting three general sub-indices including board composition, shareholder rights and information transparency. Our sample includes 96 firms listed in Tehran Stock Exchange during 2010-2014. The research method is multivariate regression model based on panel data, and the results indicate that stock return volatility has a significant negative relation with board composition and information transparency. However, no significant relation has been found between stock return volatility and shareholder rights. The results of this study not only fill the void of research in this area, but pave the way for directors, policy makers and other stakeholders to make better decisions.
topic Board composition
Shareholder Rights
Information transparency
Stock return volatility
url http://jera.alzahra.ac.ir/article_2539_873788fe5366fe0253510d166ec35eae.pdf
work_keys_str_mv AT safiyehdaylami therelationbetweencorporategovernancequalityandstockreturnvolatility
AT mehdisafari therelationbetweencorporategovernancequalityandstockreturnvolatility
AT safiyehdaylami relationbetweencorporategovernancequalityandstockreturnvolatility
AT mehdisafari relationbetweencorporategovernancequalityandstockreturnvolatility
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