Contact Us

+98 913 264 4310

+98 912 849 1734


+98 912 849 1734 (Virtual Fax)



Borna Sanjesh Kimia Company
No. 164, Ataei Street, Jeyhoun Street, Azadi

The Relationship between Board Independency and Return on Owners Equity


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

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

  Download Full Text


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.


  Download Full Text

Related Content

To submit your paper, please register first by clicking on the registration button. You will then be able to upload your paper within the control panel(cpanel)

Publication Information

Journal of Practical Business Law

ISSN: 2783-2899

Rose Scientific Publication
Melbourne, Australia

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

Justin Perry, Ph.D.

Executive Manager
Mehrdad Fallahi Barzoki, Ph.D.

Rosepub - Journal management system