خلاصة:
The purpose of this research is to answer the question of whether the concentration of
ownership can modify the relationship between board independence and corporate
performance? For this purpose, 108 active companies were studied during the years1389-
1393. The results of this research indicate that the independence of the board of directors on
the performance of the company (ROA) has no significant effect on the 95% confidence
level. Therefore, ownership concentration does not modify the relationship between board
autonomy and corporate performance (ROA). On the other hand, the independence of the
board of directors (QTOBIN) has a negative and significant effect on the 95% confidence
level. As a result of a decrease in ownership concentration will increase the effectiveness of
the Board of Directors' equity on the company's performance (QTOBIN). Also, according to
the survey, the type of company has no effect on the relationship between the independence
of the board of directors and the company's performance. As a result, a decrease in
ownership concentration will increase the effectiveness of the Board of Directors' equity on
the company's performance (QTOBIN). Also, according to the survey, the type of company
has no effect on the relationship between the independence of the board of directors and the
company's performance.
ملخص الجهاز:
UCT Journal of Management and Accounting Studies Vol 5 Issue 3, September 2017 Table 4 - Summary of statistical results of the first model research / According to Table 4, the coefficient of estimation of the independent variable INDDIR indicates that there is no significant relationship between the board's independence and firm performance (ROA) at the error level of 0.
Table 5-Summary of statistical results of the first-sample test / According to Table 5, the coefficient of estimation of the independent variable INDDIR indicates that there is a negative and significant relationship between the independence of the board of directors and the firm's performance (QTOBIN) at the error level of 0.
Also, the coefficient of estimating the independent variable INDDIR * CR indicates a positive and significant relationship between the interactive effect of board independence and the concentration of ownership with firm performance (QTOBIN) at the error level of 0.
Table 6 - Summary of the statistical results of the second model research study / According to Table 6, the coefficient of estimation of the independent variable INDDIR indicates that there is no significant relationship between the board's independence and firm performance (ROA) at the error level of 0.
Table 7 - Summary of statistical results of the second research model test / According to Table 7, the coefficient of estimation of the independent variable INDDIR indicates that there is a positive and significant relationship between the independence of the board of directors and the firm's performance (QTOBIN) at the error level of 0.