Effect of Ownership and Liquidity of the Stock and the Market Value of Companies Listed on Tehran Stock Exchange

Abstract

The establishment of appropriate corporate governance mechanisms of action for the optimal use of resources improves accountability, transparency, fairness and the rights of all stakeholders in the company. Each of the internal and external mechanisms, processes and monitoring corporate activities and promote accountability and achievement of corporate strategic goals are.One of these mechanisms is the aim of this study the effect of ownership concentration and ownership structure and liquidity of the stock and the market value of companies listed on the Stock Exchange in Tehran. The sample includes 107 companies during the years 1392-1388 is. Also, multiple regression was used to test hypotheses of significance was performed using the t test and F.Finally, it was found that, between the ownership structure and the company's market value and the market value of the company's cash and and liquidity of the stock there is a significant relationship.

Keywords: percentage of shares held by institutional investors, stock markets, stock turnover index Liquidity index