1. UKM Learning and Research Repository
2. Master Thesis / Tesis Master
3. Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

Title:	The role of government ownnership in the association between corporate internet reporting and firm value
Authors:	Somayeh Khodaei Moshirabad (P55553 )
Supervisor:	Zaleha Abdul Shukor, Prof. Dr.
Keywords:	Government ownnership
Issue Date:	23-Jun-2014
Description:	The Internet and its features have started to affect the way business is operating across the world dramatically and spawned a marketing revolution, providing an innovative way for communicating with and selling to consumers around the globe. Corporate Internet Reporting (CIR) is identified as a predominant means of distribution of corporate financial and performance information on the web, however, this system has not been streamlined in Iran yet. Although it has been 10 years that Iranian listed companies enforced to have internet reporting and disclose information on their websites, however, there is no evidence that the current information available on their websites is value relevant. Despite the fact that from the First Five-Year Social and Economic Development Plan (1989-1993) until the Fifth Plan (2010-2015), Iranian authorities have planned to entrust economy to the private sector, the government is still holding all the main large industries and Iranian companies are largely owned by the government. The purpose of the present study is to determine whether government ownership of Iranian companies listed on the Tehran Stock Exchange (TSE) moderates the relationship between the level of CIR disclosure and firm value based on the Agency theory and Signaling theory. Data from 171 companies have been collected from firms' websites, Comprehensive Database of All Listed Companies (Codal) and the database of the Tehran Stock Exchange (TSE). Multiple regression method has been employed to analyze data. The results show that there is no significant relationship between the level of CIR disclosure and firm value. However when government ownership is included as a moderating variable, the study found a significant negative association between the level of CIR disclosure and firm value. The result from this study may draw attention to Iranian regulatory bodies. The bodies may need to enact a more concrete laws and develop better corporate governance of listed companies to enhance the quality of disclosure particularly CIR disclosure. These actions could assist in protecting the rights of investors and eventually escalation of Iran economy.,Master/Sarjana
Pages:	138
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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