Recently, regulators and governmental agencies have considered corporate governance and information disclosure as two integral key instruments to protect the investor interests. Managers disclose information to create a better picture of economic condition of their entities and absorb more investments, specifically institutional investments. In this study the effects of information disclosure on corporate governance quality and the composition of institutional owners are examined. The information of 75 listed entities in 17 industries has been examined during 2005-2012. The statistical analysis using regression shows that as much as the level of information disclosure increases, the quality of corporate governance enhances and the institutional investments increase.
nazemi A, nasiri T. The investigation of corporate governance quality, the extent of institutional ownership and information disclosure in TSE listed companies. fa 2015; 6 (24) :99-120 URL: http://qfaj.mobarakeh.iau.ir/article-1-175-en.html