The Relationship between Liquidity and Improving Corporate Governance of Companies Listed on Tehran Stock Exchange

Amin Emami, Mansur Garkaz
2015 International Research Journal of Management Sciences   unpublished
The purpose of this study was to investigate the relationship between liquidity and improving corporate governance of companies listed on Tehran Stock Exchange. Its population included all companies listed in Tehran Stock Exchange by end of 2013 (483 companies). According Morgan Table and selection criteria, there were analyzed 123 companies. The combined data, one of models in common effects, the fixed and random effects using proper tests were used to estimate efficient of regression models.
more » ... he results showed a significant relationship between daily trading volumes with improving corporate governance. There is a significant relationship between rates of non-liquidity with improving corporate governance. There is a significant relationship between rates of Amihud non-liquidity with improving corporate governance. There is a significant relationship between ranking liquidity with improving corporate governance. There is a significant relationship between efficiency zero with improving corporate governance.
fatcat:cngxmvb3q5fvfdv7xff7gy3e2e