Research Article | OPEN ACCESS
Corporate Governance Mechanisms and Chief Executive Officer (CEO) Duality Evidence from the Food Industry of Iran
1Majid Abbasi, 2Majid Dadashinasab and 3Mohsen Asgari
1Department of Accounting, Payam-e-Noor University, Behshahr, Mazandaran, Iran
2Department of Management and Human Resource Development University Technology Malaysia, Skudai Johor, Malaysia
3Department of Accounting, Kerman Science and Research Branch, Islamic Azad University, Kerman, Iran
Research Journal of Applied Sciences, Engineering and Technology 2013 20:4816-4821
Received: August 21, 2012 | Accepted: September 14, 2012 | Published: May 15, 2013
Abstract
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.
Keywords:
Agency theory, chief executive officer, corporate governance,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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