چکیده:
This study attempted to explore the role of inflation and unemployment inverse on the
Iranian economic growth during 1992-2012. Moreover, the effects of inflation and
unemployment inverse on economic development were examined within short and longterm
periods through an autoregressive distributed lag (ARDL) model. The model was
assessed through Microfit 4.0 and Eviews 6. The results indicated that inflation and
unemployment inverse left a negative impact on the long-term economic growth. It implies
that inflation and unemployment inverse in the long-run led to lower economic growth,
which can more than ever propel the Iranian authorities to pay greater attention to the
importance of inflation, unemployment and devising new plans for mitigation of the two
trends. The results can be employed by all Iranian officials, especially those involved in
economic and social institutions and organizations, so as to take measures for mitigation of
inflation and enhancement of employment rate, and eventually realize maximum economic
growth.
خلاصه ماشینی:
INSOWNit: the percentage of institutional shareholders' ownership in firm i during period t that is equal to the percentage of shares held by governmental and public firms by using total stock capital (Noravesh & et al, 2008).
Regarding that the amount of Durbin-Watson statistic calculated for the regression model in the present research has been higher than the critical amount in the error level of 0.
Thus, the hypothesis H0 is rejected in assurance level of %95 and the hypothesis H1 claiming that the percentage of institutional shareholders' ownership affects firm managers' reward risk is approved.
Thus, the hypothesis H0 is rejected in an assurance level of %95 and the hypothesis H1 claiming that the main changes of the percentage of institutional shareholders' ownership affects firm managers' reward risk is approved.
Conclusion The first hypothesis was approved claiming that the percentage of institutional shareholders affects the fluctuations in firm managers' rewards.
961), it can be concluded that for each unit of increase in the percentage of institutional shareholders' ownership, the firm managers' reward risk has increased 0.
The second hypothesis was approved claiming that the main changes on the percentage of institutional shareholders affects the fluctuations in firm managers' rewards.
511), it can be concluded that for each unit of increase in the main changes on the percentage of institutional shareholders' ownership, the firm managers' reward risk has increased 0.
Studying the effect of board reward and institutional ownership on stock return in firms enlisted in Tehran Stock Exchange.