Accounting and Auditing Studies

Accounting and Auditing Studies

The effect of stock returns and financial performance on the relationship between corporate governance and Company value

Document Type : Original Article

Authors
Fatemeh Sarraf 1
Fatemeh Besharatpour 2
Mohammadamin Aliakbari 3
Roya Partovi 4
1 Department Of Accounting and Economics, South Tehran Branch, Islamic Azad University, Tehran, Iran
2 PhD student, Islamic Azad University, Research Sciences Branch, Tehran
3 Islamic Azad University , South Tehran Branch
4 MSc. In accounting, Alborz Campus,tehran University ,Tehran,Iran
10.22034/iaas.2022.161710
Abstract
The purpose of this research is to study the effect of stock returns and financial performance on the relationship between corporate governance and company value. The present study is an analytical research and its purpose is applied. Also, regression method is used to test research hypotheses. The method of collecting library information and data collection tools is the site of the stock exchange and the Rahavard Novin software. The statistical population of companies listed on the Tehran Stock Exchange is from 2011 to 2020. The findings of this study show that there is no significant relationship between corporate governance and company value. Modifiers of stock returns and financial performance make the relationship between corporate governance and company value significant and positive. In general, the findings of this study show that the effect of corporate governance on the value of the company due to market inefficiency and lack of awareness of those present in the capital market of the impact of corporate governance mechanisms is not considered and if investors react positively to corporate governance mechanisms. Show that this effect is reflected in stock returns and company performance.    
Keywords
Corporate Governance
Company Value
Stock Returns
Financial Performance
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Accounting and Auditing Studies
Volume 11, Issue 43
Summer 2022
Pages 21-36