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Article Information:
Corporate Governance Mechanisms and Chief Executive Officer (CEO) Duality Evidence from the Food Industry of Iran
Majid Abbasi, Majid Dadashinasab and Mohsen Asgari
Corresponding Author: Majid Abbasi
Submitted: August 21, 2012
Accepted: September 14, 2012
Published: May 15, 2013 |
Abstract:
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The objective of this study is to examine the effects of corporate governance mechanisms on Chief Executive Officer (CEO) Duality in the food industry of companies listed in the Tehran Stock Exchange (TSE).There are several aspects and dimensions of corporate governance, which may influence a CEO Duality but this study focused on three aspects namely Ownership Concentration (OWNCON); Institutional Ownership (INOWN) and Board’s Independence (BOIN). This study utilizes a panel data analysis of 47 firms over a four-year period from years 2008 to 2011. In this study, log of total assets (SIZE) and total debt divided by total assets (LEV) are control variables. A logistic regression analysis is used to test the hypotheses. The results show has a positive and significant relationship between Ownership Concentration; Institutional Ownership; Board’s Independence; Leverage and Chief Executive Officer Duality. Also, there is a negative and significant relationship between size and Chief Executive Officer Duality.
Key words: Agency theory, chief executive officer, corporate governance, , , ,
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Cite this Reference:
Majid Abbasi, Majid Dadashinasab and Mohsen Asgari, . Corporate Governance Mechanisms and Chief Executive Officer (CEO) Duality Evidence from the Food Industry of Iran. Research Journal of Applied Sciences, Engineering and Technology, (20): 4816-4821.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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Sales & Services |
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