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Bank-firm Ownership Association Impact on Loan Provision in Iran
, M.Sc. Thesis Sharif University of Technology ; Madanizadeh, Ali (Supervisor) ; Mahmoudzadeh, Amineh (Co-Supervisor)
Abstract
Related Lending is defined as banks making loans to firms with which they have some kind of ownership association. On one hand, this practice can help diminish asymmetric information between bank and firm which results in a more efficient allocation of bank’s resources. On the other hand, it may lead to the banks’ transferring resources to their related firms inefficiently, without meticulously assessing the risks involved. This paper is focused on the effect of the relationship between bank and firm in their ownership structure, on the loan provision. I have gathered a unique dataset of private and privatized banks and also private firms active in Iran’s stock market, which covers the...
Exploring trends in the codes of ethics of the Fortune 100 and Global 100 corporations
, Article Journal of Management Development ; Volume 32, Issue 7 , 2013 , Pages 675-689 ; 02621711 (ISSN) ; Mosleh, M ; Shokatian, T ; Sharif University of Technology
2013
Abstract
Purpose: The purpose of this paper is to explore emerging trends in the content of codes of ethics of US Fortune 100 and Global 100 corporate web sites through a longitudinal study. Design/methodology/approach: The web sites of the 200 companies were surfed and the relevant documents of the codes of ethics were extracted to separate text files. The computer files were then mined using the customized developed software and each ethical keyword was counted. The number of filed codes of ethics was 95 for both the 100 US-based and the 100 Global-based companies. Findings: In addition to the content analysis of the ethic codes of the studied groups and finding high-frequency ethical keywords, the...
The Effect of Ownership Structure and Board Composition as Corporate Governance Mechanisms on Coroporate Value
, M.Sc. Thesis Sharif University of Technology ; Mashayekhi, Ali Naghi (Supervisor)
Abstract
In this research we examine the effects of internal corporate governance mechanisms on shareholder value of 247 firms that were accepted in Tehran Stock Exchange. The main focus is on ownership structure and board composition. Owners with different identities affect shareholder value both directly and to some extent indirectly (through affecting board composition). We measured firm value using 2 different measures: relative growth of share price and market to book value of the firm. Controlling for industry effects, considering different levels of competitiveness, we find that private owners affect firm value more positively than governments and so do institutional investors more than...
The Impact of Corporate Governance on the Survival of the Organizations
, M.Sc. Thesis Sharif University of Technology ; Mashayekhi, Alinaghi (Supervisor)
Abstract
This study examines the impact of Corporate Governance on the survival of firms. The main goal in this research is to find the most important factors of Corporate Governance affecting the survival of a firm. Research method is qualitative. Survival is binary. It means whether a firm is alive or bankrupt. All samples used in this research are alive, but they are different in the extent they hope to be alive. So, first of all the criteria that estimate the hope of survival of a firm are defined using the literature of survival. In the next step, some firms are selected that are different in the extent they hope to survive. Next, these firms are compared in their quality of Corporate...
Identification of Influence Mechanisms of Executive/non-executive Board Composition on Board’s Attribution Style
, M.Sc. Thesis Sharif University of Technology ; Alavi, Babak (Supervisor)
Abstract
The influence mechanisms of executive/non-executive board compostion on board’s attribution style have been explored. In two case studies, I have examined boards’ causal interpretation about a critical incident which had a significant impact on firm performance. A qualitative research approach has been taken in the case studies. Data was gathered through semi-structured interviews with all board members and was analyzied with the theme analysis method. According to the results, board of directors’ collective attribution formation process can be devided into three stages of members’ expression of information and facts at board meetings, forming the individual judgements of members and at...
Conflict of Interest in the Process of Privatization in Iran
, M.Sc. Thesis Sharif University of Technology ; Talebian, Masoud (Supervisor) ; Mohajerani, Amir Ali (Co-Supervisor)
Abstract
this research aims to identify interests, goals, and structures which involve privatization. The importance of this research is that the root of numerous firms' inefficiency after privatization lies in the privatization process. The goals of privatizing firms are to improve the efficiency of privatized firms, maintain employment levels, and finally raise funds from privatizing public firms. It could be some conflicts between these goals. On the other hand, managers of public firms will resist privatizing these firms, because they will see their job situation and future in danger. Also, the privatization organization is one of the economic ministry’s subsets which has not enough power and...
The Impact of Corporate Governance on Executive Compensation in Iranian Firms
, M.Sc. Thesis Sharif University of Technology ; Bahramgiri, Mohsen (Supervisor) ; Hagh-Panah, Farshad (Supervisor)
Abstract
In this study, I examine the role of board composition and ownership structure and trading days on board compensation of 156 Iranian non-financial public firms. Regarding board composition, I find that board size, CEO-Directorship, and the presence of busy directors positively explain board bonus. Concerning ownership structure, results reveal that outside block-holders and the percentage of individual investors negatively influence on board bonus. Also, trading days is proved to have a positive impact on board bonus. Furthermore, I examine the impact of compensation relating to board composition and ownership structure and trading days (predicted compensation) on the future operating...