The Relationship between State Ownership and Corporate Performance Evaluation Criteria Listed in the 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 company activities are supervised and promote accountability and achievement of corporate strategic goals is. One of these mechanisms is the focus and ownership structure. The aim of this study was to investigate the relationship between state ownership and corporate performance assessment criteria according to the rate of return on assets and return on equity in 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 state ownership and Performance measurements based on the rate of return on assets, as well as between property management and performance evaluation criteria based on the rate of return on equity and a significant negative relationship exists.

Keywords: state ownership, property management, return on assets, return on equity