This study is concentrated on the nature of family Companies to enable the investors to make more reasonable decision for their investment plan ,since such company’s forms a reasonable percentage of listed companies in Tehran Stock Exchange,. The main goal of this paper is to study the relationship between the family & non-family ownership in Tehran Stock Exchange. Based on which, two questions have been studied: 1. Is there any reason and positive relationship between the “family and non family companies” and performance of the company? 2. Is there any reason and negative relationship between the non-family and the company’s performance? This study includes 40 “family companies” and 93 “nonfamily companies”. The time period of study is from year 2006 to 2011. For hypothesis testing we used the Multi-criteria Regression Analysis Method with related tests.
The result of study is that none of those two is acceptable, which means that there is no relationship between “family and non family companies” and company performance is positive. On the other hand the relationship between nonfamily ownership and entity performance is not negative.
Hashi, A., & Alikhani, H. (2015). The Relationship Between Family & Nonfamily Ownership with Performance in Tehran Stock & Exchange. Accounting and Auditing Research, 7(25), 28-41. doi: 10.22034/iaar.2015.103915
MLA
Abbas Hashi; Hamid Alikhani. "The Relationship Between Family & Nonfamily Ownership with Performance in Tehran Stock & Exchange". Accounting and Auditing Research, 7, 25, 2015, 28-41. doi: 10.22034/iaar.2015.103915
HARVARD
Hashi, A., Alikhani, H. (2015). 'The Relationship Between Family & Nonfamily Ownership with Performance in Tehran Stock & Exchange', Accounting and Auditing Research, 7(25), pp. 28-41. doi: 10.22034/iaar.2015.103915
VANCOUVER
Hashi, A., Alikhani, H. The Relationship Between Family & Nonfamily Ownership with Performance in Tehran Stock & Exchange. Accounting and Auditing Research, 2015; 7(25): 28-41. doi: 10.22034/iaar.2015.103915
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