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The Relationship between Board Independency and Return on Owners Equity

06/20/2021

Received: 23 February 2021
Revised: 28 March 2021
Accepted: 17 April 2021

Abolfazl Ghadiri Moghadam, Fatemeh Mahmoodi, Masoud Sabagh Tayebi, Ali Khedmati

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Abstract

Board independency as a corporate governance mechanism has been investigated in many studies. Since board of directors is considered as one of the most important management performance monitoring tools, board independency is very important. This study aims to investigate the relationship between board independency and return on owners equity of companies listed on Tehran Stock Exchange. To achieve this goal, the influence of other variables that may affect the return on owners equity was controlled. These variables include firm size, firm age and financial leverage. The research sample included 89 companies within the period of 2009-2013. The statistical method used to test the research hypotheses was regression model based on the panel data. The results of hypotheses testing show that there is no significant relationship between board dependency and return on owners equity.

Keywords: Board Independency, Return On Owners Equity, Firm Performance.

 

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Publication Information

Journal of Practical Business Law

ISSN: 2783-2899

Publisher
Rose Scientific Publication
Melbourne, Australia


Director In-charge:
Seyed Mojtaba Mostafavi, Ph.D.

Editor-in-Chief
Justin Perry, Ph.D.

Executive Manager
Mehrdad Fallahi Barzoki, Ph.D.

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