A comparative evaluation of relationship between institutional ownership and compositional performance indices in different stages of Iranian corporations’ life cycle

Abstract

1. In corporations' growth stage, institutional ownership causes increasing assimilation performance and decreasing economic and financial performance. 2. In maturity stage, institutional ownership causes increasing assimilation performance but it has no effect on financial performance and it has a twofold effect on economic performance. 3. In decline stage, institutional ownership has a twofold effect on assimilation performance and it causes decreasing economic and financial performance.