2016年信息披露外文翻译--股权结构与信息披露质量伊朗案例

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1、1850 英文单词 ， 10500 英文单词 ，中文 3000 字 文献出处： Sepasi S, Kazempour M, Mansourlakoraj R. Ownership Structure and Disclosure Quality: Case of IranJ. Procedia Economics and Finance, 2016, 36: 108-112. Ownership Structure and Disclosure Quality: Case of Iran Sahar Sepasi, Morteza Kazempour, Roya Mansourlakoraj

2、 Abstract The paper investigates the relationship between ownership structure and disclosure quality. The investigation has been performed using panel data procedure for a sample of 80 Iranian listed companies on the Tehran Stock exchange during 2010-2014. The license of the firms disclosure quality

3、 which is published by Tehran Stock Exchange is used to measure the disclosure quality, and for better understanding of the ownership structure, this structure is divided into two classes of government and managerial ownership. The results of the study revealed that managerial ownership has a negati

4、ve and significant effect on disclosure quality, but no significant relationship was observed between governmental ownership and disclosure quality. The results show that the governmental ownership does not affect the quality of disclosure, meaning these companies have a low attention and concern on

5、 the quality of their disclosures. Adversely, private companies because of the need to absorb capital from market try to enhance the quality of their disclosures. Keywords: Ownership structure; Governmental ownership; Managerial ownership; Disclosure quality 1. Introduction Accounting disclosure is

6、very important to all stakeholders; it provides them with the necessary information to reduce uncertainty and helps them to make suitable economic and financial decisions (Amer, et.al, 2013). The main core of Agency Theory is that managers, as the agents of shareholders, may act in a way that does not result in maximizing the wealth of shareholders. Based on this theory, enough mechanisms of control and supervision should be established to reduce the contrast between the managers and the own