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The Comparative Study of Ownership Structure Effects (Mix and Concentration) on the Value of Companies Listed in Tehran Stock Exchange (Iran) and Bombay Stock Exchange (India)

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Authors The Comparative Study of Ownership Structure Effects (Mix and Concentration) on the Value of Companies Listed in Tehran Stock Exchange (Iran) and Bombay Stock Exchange (India)

Hossein Ali Jalali - Department of Accounting, Faculty of Accounting, Islamic Azad University, Firoozkouh Branch, Tehran, Iran
Asghar Asadi - Assictant Professor, Department of Accounting, Islamic Azad University, Firoozkouh Branch, Tehran, Iran
Seyed Yosef Ahadi Serkani - Assictant Professor, Department of Accounting, Islamic Azad University, Firoozkouh Branch, Tehran, Iran

Abstract:

The present is a comparative study investigating the effect of ownership structure (concentration and mix) on the value. It is an important issue in financial management texts and financial management discussions of companies. The present work is aimed to find the effect of ownership concentration and shareholding mix of a company in its value. The statistical population of the study includes all companies of pharmaceuticals and food industry, automobiles and auto parts, electricity, oil and gas, industry and mine except than investing and holding companies listed in Tehran stock exchange and Bombay stock exchange during 2006-2010. Based on the findings, there is a positive and significant relation between ownership concentration (natural and institutional) and the value of companies listed in Tehran stock exchange and Bombay stock exchange while there is no significant relation between ownership type (natural and institutional) and the value of companies listed in Tehran stock exchange. Further, in Bombay stock exchange, a negative and significant relation is observed between institutional ownership and the value of companies and also a positive and significant relation between natural ownership and the value of companies.

Keywords:

book-market value ratio, Company Size, Financial Leverage, revenue growth rate of sale, Systematic risk, stock cash return, total price index changes

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Jalali, Hossein Ali; Asghar Asadi & Seyed Yosef Ahadi Serkani, 2019, The Comparative Study of Ownership Structure Effects (Mix and Concentration) on the Value of Companies Listed in Tehran Stock Exchange (Iran) and Bombay Stock Exchange (India), International Journal of Advanced Studies in Humanities and Social Science 8 (1), https://www.civilica.com/Paper-JR_UPAEI-JR_UPAEI-8-1_008.htmlInside the text, wherever referred to or an achievement of this article is mentioned, after mentioning the article, inside the parental, the following specifications are written.
First Time: (Jalali, Hossein Ali; Asghar Asadi & Seyed Yosef Ahadi Serkani, 2019)
Second and more: (Jalali; Asadi & Ahadi Serkani, 2019)
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