1. In corporations’ growth stage, institutional ownership causes increasing assimilation performance and decreasing economic and financial performance.
2. In maturity stage, institutional ownership causes increasing assimilation performance but it has no effect on financial performance and it has a twofold effect on economic performance.
3. In decline stage, institutional ownership has a twofold effect on assimilation performance and it causes decreasing economic and financial performance.
How to cite this paper
Ghodrati, H & Nazemi, B. (2014). A comparative evaluation of relationship between institutional ownership and compositional performance indices in different stages of Iranian corporations’ life cycle.Management Science Letters , 4(3), 511-520.
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Zanjirdar, M., & Farahani, Z. (2009). Comparing performance measurement system and balanced bonus card analysis as a new performance measurement system. Arak Azad Islamic University [In Persian].
Chen, A., & Kao, L. (2005). The conflict between agency theory and corporate control on managerial ownership: The evidence from Taiwan IPO performance. International Journal of Business, 10(1), 39-61.
Dehdar, F.(2006), Designing and presenting premium valuation methods based on accounting earnings and cash flows in corporation life cycle process. Accounting Ph.D thesis, Tarbiat Madarres University [In Persian].
Hoseini, S.(2006). Studying institutional stockholders effect as a corporate governance criterion on stockholders return in corporations accepted in Tehran Stock Exchange. Master’s Thesis, University of Tehran [In Persian].
Jenkins, D. S., Kane, G. D., & Velury, U. (2004). The impact of the corporate life-cycle on the value-relevance of disaggregated earnings components. Review of Accounting and Finance, 3(4), 5-20.
Kallunki, J. P., & Silvola, H. (2008). The effect of organizational life cycle stage on the use of activity-based costing. Management Accounting Research, 19(1), 62-79.
Karami, G., & Omrani, H. (2009). The effect of corporation life cycle and conservatism on corporation value. Accounting and Auditing, 2 [In Persian].
Moradzadefar, M., Nazemi, M., Gholami, M., & Farzani, R. (2006). Studying the relationship between institutional ownership and profit management in corporations accepted in Tehran Stock Exchange. Accounting Surveys Journal, Tehran University Auditory, 55-85.
Navissi, F., & Naiker, V. (2006). Institutional ownership and corporate value. Managerial Finance, 32(3), 247-256.
Namazi, M., & kermani, A. (2007). The effect of ownership structure on performance of corporations accepted in Tehran Stock Exchange. Accounting and Auditing Survey, 53 [In Persian].
Noravesh, I., & Ebrahimi Kordlor, A. (2007). Studying and stating the relationship between shareholders composition and information conjunction and performance accounting indices advantages. Accounting and Auditing Surveys, 42 [In Persian].
Osta, S. (2010). Studying the relationship between ownership structure and profit management. Financial Accounting Researches Journal, 2 [In Persian].
Zanjirdar, M., & Farahani, Z. (2009). Comparing performance measurement system and balanced bonus card analysis as a new performance measurement system. Arak Azad Islamic University [In Persian].