Corporate Governance, Iran Stock Market andEconomic Growth

Mehrabani, Fatemeh

doi:10.7763/ijtef.2012.v3.230

Cited by 5 publications

(4 citation statements)

References 2 publications

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“…Lack of independence, existence of monopolies, lack of severe rules and regulations and presence of asymmetric information in Iran's capital market along with the lack of the Central Bank's independence has led to inefficiency in the capital and money market. This inefficiency, together with improper economic policies and international sanctions, has led the economic growth to drop and, therefore, based on the World Bank ranking in 2010, Iran stood 173rd in the list (1 per cent real growth rate) (Mehrabani and Dadgar, 2012). It seems that a factor that plays a key role in the improvement of Iran economic growth is DB which is not quite desirable presently.…”

Section: Position Of Iran's Economic Growth and Comparison Of Her Doing Business Indicators With Those Of The Middle East And North Africmentioning

confidence: 99%

Examining the effects of doing business on Iran and MENA countries’ economic growth

Fatemeh

Basirat

Abdollahi

2016

IMEFM

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Purpose The purposes of this paper are: reviewing economic growth in Iran, investigating and comparing Iran doing business (DB) with those of Middle East and North Africa (MENA) countries and evaluating the relation between DB and economic growth for a selected sample during 2006-2012. Design/methodology/approach The paper uses the panel data model and takes a comparative approach. Findings The main findings of our investigation are: first, economic growth in Iran has decreased in recent years due the lack of proper business environment. Second, studying Iran DB indicators and comparing them with those of the MENA countries show that they are low and Iran’s ranking is undesirable. Third, the results show a robust support for the claim that the improvement in DB indicators will lead to an increase in economic growth. Researchlimitations/implications MENA countries’ experience shows that they are promoting their economic growth by improving their business environment, so the key element for increasing Iran’ economic growth is by improving the business environment. Originality/value This study contributes to the literature in at least two aspects. First is the comparative analysis of Iran’s DB with MENA countries, and second is considering the effect of DB on Iran’s and selected countries’ economic growth.

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Section: Position Of Iran's Economic Growth and Comparison Of Her Doing Business Indicators With Those Of The Middle East And North Africmentioning

confidence: 99%

Examining the effects of doing business on Iran and MENA countries’ economic growth

Fatemeh

Basirat

Abdollahi

2016

IMEFM

Self Cite

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“…Due to the low quality of disclosure in the Iranian capital market compared to developed countries, the desirability of domestic and foreign investors to make new investments in the Iranian capital market has been challenged (Mehrabani 2012). In addition, unlike the majority of shareholders, the interests of minority shareholders are not protected, unlike in other countries where non-controlling shareholders sometimes have significant influence.…”

Section: Introductionmentioning

confidence: 99%

The Role of Corporate Governance in Investment Efficiency and Financial Information Disclosure Risk in Companies Listed on the Tehran Stock Exchange

Kashani

Shiri

2022

JRFM

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This study’s primary purpose is to investigate corporate governance’s role in investment efficiency and financial information disclosure risk in companies listed on the Tehran Stock Exchange. A multivariate linear regression model based on the panel data model was used to test the research hypotheses. The results of the survey of 140 companies listed on the Tehran Stock Exchange from2015 to 2021 indicate that investment efficiency has increased by increasing the quality of corporate governance. In addition, research findings show that improving the quality of corporate governance reduces the risk of financial information disclosure. The life cycle and firm size were used to evaluate the robustness of the results obtained in this study. It was observed that improving corporate governance in companies in the stages of growth and maturity increases investment efficiency and reduces the financial information disclosure risk. In contrast, in companies that are in the decline stage, it reduces investment efficiency and increases the risk of financial information disclosure. In terms of firm size, it was also observed that, in small firms, as corporate governance increases, investment efficiency decreases, and the risk of financial information disclosure increases. However, investment efficiency and financial information disclosure reduce risk by improving large companies’ corporate governance.

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“…Second, the Islamic Republic of Iran provides a unique research setting for the following reasons: (a) consistent with the research question, about 99% of Iran's population is Muslim (Ahmadi et al., 2018), reflecting the strong Islamic atmosphere in Iran; (b) the religion in Iran plays a critical role in social life, and is officially supported by the government (Sepasi & Hassani, 2017); (c) when one country is focused on, a homogeneous sample in terms of institutional features is acquired (Hilary & Hui, 2009); and (d) as formal monitoring mechanisms such as corporate governance or regulatory oversight are usually weak in developing countries such as Iran (Didar & Beiki, 2017; Mehrabani, 2012), the local community's religious atmosphere is expected to act as an alternative to influence corporate behavior.…”

Section: Introductionmentioning

confidence: 99%

Islamic Religious Atmosphere and Audit Pricing: Evidence from Iran

Khodakarami

Rezaee

Hesarzadeh

2021

Business Ethics Env & Resp

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This study examines whether the Islamic religious atmosphere of local communities influences audit pricing. We use a comprehensive survey conducted by Iran's Ministry of Culture and Islamic Guidance to measure the Islamic religious atmosphere. Using a sample of 1,204 observations from firms listed in Iran's capital market, we find that firms located in regions with a strong Islamic religious atmosphere pay significantly lower audit fees. Furthermore, the study reveals that family ownership (auditor size) strengthens (weakens) the aforementioned relationship. However, we did not find a significant moderating role for the local community's social capital. We contribute to the ethics literature by providing a better understanding of the economic consequences of the religious atmosphere and offering policy, practical, and educational implications.

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Corporate Governance, Iran Stock Market andEconomic Growth

Cited by 5 publications

References 2 publications

Examining the effects of doing business on Iran and MENA countries’ economic growth

Examining the effects of doing business on Iran and MENA countries’ economic growth

The Role of Corporate Governance in Investment Efficiency and Financial Information Disclosure Risk in Companies Listed on the Tehran Stock Exchange

Islamic Religious Atmosphere and Audit Pricing: Evidence from Iran

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