ISSN: 2225-8329
Open access
The goal of this study is to investigate the relationship between firm value and profit quality considering the role of mediator of institutional ownership in listed firms on Stock Exchange. In this study, to measure and evaluate the quality of profit, according to Laurie and Jenkins (6002) and Wang (2006), also the ownership of investors categorize at three levels: high, medium and low. The research population of this study is the listed firms on Tehran Stock Exchange and the statistical sample includes 222 companies in the period from 2009 to 2013. Investigating the relationships between variables after controlling the company's specific features has done by using multiple linear regressions and the panel method. The results of the research show a significant relationship between the firm's value and the quality of profit that by increasing investor ownership, a stronger relationship established between firm value and profitability.
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Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
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