The Effect of Ownership Structure on Crash Risk of Stock Value of Listed Companies in Tehran Stock Exchange

Corporate management of listed companies, especially in Tehran stock exchange could affect the security value such as designing them is of high significance in accepting the ownership structure. The aim of this study was to investigate the influence of the ownership structure based on the fall risk of stock value companies. This research is an experimental research in the positive field of an accounting research depending on real information for the accepted companies’ financial securities market, in Tehran as located in Iran. In this study, data from 112 companies listed in Tehran stock exchange within a time period of 2008 to 2013 were collected and they are analyzed using panel data.In order to determine the fall risk level of stock companies, the regression Hutton (2009) model has been used. The results reveal that the ownership structure has a significant impact on risk of falling stock value.

Keywords:

Ownership Structure , Fall Risk Stock , Institutional Ownership , Managerial Ownership