ارزیابی انتقادی مشکلات روش‌‌شناسی پژوهش‌‌های حاکمیت شرکتی در ایران: چالش‌‌ها و ‌راه‏‌کارها

References

Adams, R. B., Licht, A. N. & Sagiv, L. (2011). Shareholders and stakeholders: How do directors decide? Strategic Management Journal, 32(12), 1331–1355.

Aflatouni, A. (2023). Statistical analysis in finance and accounting research with stata software, Tehran: Terme press. (in Persian)

Agrawal, A. & Knoeber, CR. (1996). Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders, Journal of Financial and Quantitative Analysis, 31(3), 377-397.

Aguilera, R. V. & Crespí-Cladera, R. (2016). Global corporate governance: On the relevance of firms' ownership structure, Journal of World Business, 51(1), 50–57.

Ahmadpour, A., Kashanipoor, M. & Shojaei, M. R. (2010). The effect of Corporate Governance, and Audit Quality on Cost of Debt Financing. Accounting and auditing reviews, 17(4), 17-48. (in Persian)

Ali, A. & Zhang, W. (2015). CEO tenure and earnings management, Journal of Accounting and Economics, 59 (1), 60-79.

Alves, G. S.M. (2011). The effect of the board structure on earnings management: evidence from Portugal. Journal of Financial Reporting and Accounting, 9 (2), 141-160.

Anderson, C. A. & Anthony, R. N. (1986). The New Corporate Directors: Insights for Board Members and Executives. New York: Wiley.

Andrés, P.D., Azofra, V. & Lopez-Iturriaga, F. (2005). Corporate Boards in OECD Countries: size, composition, functioning and effectiveness, Corporate Governance an International Review, 13(2), 197 – 210.

Apergis, N. (2019). Financial experts on the board: Does it matter for the profitability and risk of the UK banking industry? Journal of Financial Research, 42, 243–70.

Arab Kiasari, M. & Abdi, S. (2014). Design and analysis of Manager- Shareholder strategy game: An application of game, earnings management and corporate governance theories. Accounting and auditing reviews, 22(2), 221-242. (in Persian)

Armour, J., Deakin, S., Lele, P. & Siems, M. (2009). How Do Legal Rules Evolve? Evidence from a Crosscountry Comparison of Shareholder, Creditor, and Worker Protection, The American Journal of Comparative Law, 57 (3), 579–630.

Armstrong, C., Kepler, J. D., Samuels, D. & Taylor, D. (2022). Causality redux: The evolution of empirical methods in accounting research and the growth of quasi-experiments, Journal of Accounting and Economics, 74(2–3), 101521.

Arumona, J., Erin, O., Onmonya, L. & Omotayo, V. (2019). Board financial education and firm performance: Evidence from the healthcare sector in Nigeria. Academy of Strategic Management Journal, 18(4), 1-18.

Badri, A. (2014). A critical review of empirical research methodology in finance and accounting in Iran. Empirical Research in Accounting, 4(2), 99-127. doi: 10.22051/jera.2014.620
 (in Persian)

Ball, R. & Shivakumar, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of Accounting and Economics, 39(1), 83-128.

Bani Mahd, B., Arabi, M. & Hasanpour, Sh. (2015). Common mistakes in accounting experimental research, Journal of Financial Accounting Knowledge, 3 (1-8), 21-47. (in Persian)

Baradaran Hassanzadeh, R., Badavar Nehandi, Y. & Hossein Babaei, Gh. (2011). A Survey of the Relationship between Corporate Governance with Created Shareholder Value (CSV) and Economic Value Added (EVA). Accounting and auditing reviews, 19(2), 1-16. (in Persian)

Barroso, C. R., Burkert, M., Dávila, A. & Oyon, D. (2016). Shareholder protection: The role of multiple large shareholders, Corporate Governance: An International Review, 24, 105–129.

Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of

Accounting and Economics 24(1), 3-37.

Beaver, W.H. &  Ryan, S.G. (2000). Biases and lags in book value and their effects on the ability

of the Book-to-Market ratio to predict book return on equity. Journal of Accounting Research 38(1), 127-148.

Bebchuk, L. & Roe, M. (2004). A theory of path dependence in corporate ownership and governance. In Gordon, J.N. and Roe, M.J. (Eds.): Convergence and Persistence in Corporate Governance, Cambridge: Cambridge University Press, 69–113.

Bebchuk, L. A. & Hamdani, A. (2009). The elusive quest for global governance standards, University of Pennsylvania Law Review, 157, 1263–131.

Bebchuk, L., Cohen, A. & Ferrell, A. (2009). What matters in corporate governance? The Review of Financial Studies, 22, 783–827.

Bebchuk, L.A. & Fried, J.M., (2004). Pay without performance. Cambridge: MA, Harvard University Press.

Bedford, A., Ghannam, S., Grosse, M. & Ma, N. (2023). CEO power and the strategic selection of accounting financial experts to the audit committee, Contemporary Accounting Research, 40(4), 2673–2710.

Bertoni, F., Meoli, M. & Vismara, S. (2014). Board Independence, Ownership Structure and the Valuation of IPOs in Continental Europe, corporate governance: An international review, 22 (2), 116-131.

Bhagat, S. & Black, B. (2002). The non-correlation between board independence and long-term firm performance, Journal of Corporation Law, 27, 231-273.

Bhagat, S. & Bolton, B. (2009). Corporate governance and firm performance: recent evidence, researchgate, 1-57.

Bhagat, S., Bolton, B. & Romano R. (2008). The promise and peril of corporate governance indices. Columbia Law Review, 108, 1803–1882.

Bian, H., Kuo, J.-M., Pan, H. & Zhang, Z. (2023). The role of managerial ownership in dividend tunneling: Evidence from China, Corporate Governance: An International Review, 31(2), 307–333.

Boivie, S., Bednar, M. K., Aguilera, R. V. & Andrus, J. L. (2016). Are boards designed to fail? The implausibility of effective board monitoring, Academy of Management Annals, 10(1), 319–407.

Bose, S.C., Kiran, R., Goyal, D. (2017). Examining the relation of service assistance facilities, managerial skill competencies and constraints with agri-business incubators performance in India, Custos E Agronegocio, 13, 75–100

Bowen, R. M., Rajgopal, Sh., Venkatachalam, M. (2008). Accounting Discretion, Corporate Governance, and Firm Performance, Contemporary Acounting Research, 25 (2), 351-405.

Bozec, Y. & Bozec, R. (2010). Overall governance, firm value and deviation from one share. International Journal of Managerial Finance, 6 )4(, 305- 328.

Brickley, J., Coles, J. & Jarrell, G. (1997). Leadership Structure: Separating the CEO and Chairman of the Board, Journal of Corporate Finance, 3, 189–220.

Brown, L. D. & Caylor, M. L. (2006). Corporate governance and firm valuation. Journal of Accounting and Public Policy, 25, 409–434.

Brown, Ph., Beekes, W. & Verhoeven, P. (2011), Corporate governance, accounting and finance: A review, Accounting and Finance, 51, 96–172.

Bryan, S., Nash, R. & Patel, A. (2011). Law and executive compensation: A cross-country study. Journal of Applied Corporate Finance, 23(1), 84–91.

Burns, N., Minnick, K. & Starks, L. (2023). CEO Turnover: Cross-Country Effects. Corporate Governance: An International Review, 31 (6), 820–844.

Bushee, B.J. (2004). Identifying and attracting the “right” investors: evidence on the behavior of institutional investors. Journal of Applied Corporate Finance, 16(4), 28–35.

Castañer, X., Goranova, M., Hermes, N., Kavadis, N. & Zattoni, A. (2022). Ownership and corporate governance across institutional contexts, Corporate Governance: An International Review, 30(6), 638–655.

Chen, D., Kim, J. B., Li, O. Z. & Liang, S. (2017). China's closed pyramidal managerial labor market and the stock price crash risk, Accounting Review, 93(3), 105–131.

Chen, J., Goergen M., Leung, W. S. & Song, W. (2019). CEO and director compensation, CEO turnover and institutional investors: Is there cronyism in the UK? Journal of Banking and Finance, 103, 18-35.

Chen, R., El Ghoul, S., Guedhami, O. & Liu, F. (2022). The corporate governance consequences of small shareholdings: Evidence from sovereign wealth fund cross-border investments, Corporate Governance: An International Review, 30(6), 656–685.

Cheng, P., Man, P. & Yi, C. H. (2013). The impact of product market competition on earnings quality, Accounting and Finance, 53, 137-162.

Cheng, Sh. (2008). Board size and the variability of corporate performance, Journal of Financial Economics, 87 (1), 157-176.

Chi, W. & Wang, Y. (2009), Ownership, performance and executive turnover in China, Journal of Asian Economics, 20 (4), 465–478.

Chizema, A., Jiang, W., Kuo, J.-M. & Song, X. (2020). Mutual funds, tunneling and firm performance: Evidence from China, Review of Quantitative Finance and Accounting, 55(1), 355–387.

Claessens, S., Djankov, S. & Lang L. H. P. (2000). The separation of ownership and control in East Asian corporations, Journal of Financial Economics, 58, 81-112.

Clarke, D.C. (2003). Corporate governance in China: an overview, China Economic Review, 14 (4), 494–507.

Conyon, M. J. & He, L. (2012). CEO Compensation and Corporate Governance in China, Corporate Governance An International Review, 20 (6), 575-592.

Daines, R., Gow, I. & Larcker, D. (2010). Rating the ratings: how good are commercial governance ratings? Forthcoming in Journal of Financial Economics, 98, 439–461.

Dalton, D. (2005). Boards of Directors: Utilizing Empirical Evidence in Developing Practical Prescriptions, British Journal of Management, 16(1), 91 – 97.

Davis, E.Ph. (2002). Institutional investors, corporate governance and the performance of the corporate sector, Economic Systems, 26 (3), 203-229.

Dechow, P., Ge, W. & Schrand, C., (2010), Understanding earnings quality: A review of the proxies, their determinants and their consequences, Journal of Accounting and Economics, 50(2–3), 344-401.

DeFond, M. & Zhang, J. (2014). A review of archival auditing research, Journal of Accounting and Economics, 58(2–3), 275-326.

Didar, H. & Beiki, K. (2017). Reviewing the Effect of Corporate Governance Quality on Relationship between Capital Structure and Additional Return on Companies Listed in Tehran Stock Exchange. Accounting and Auditing Review, 24(2), 197-220. (in Persian)

Didar, H., Mansoorfar, Gh. & Kafami, M. (2013). The impact of corporate governance mechanisms on the tax gap of listed companies in Tehran Stock Exchange. Accounting and Auditing Reviews, 21(4), 409-430. (in Persian)

Ding, Y., Zhang, H. and Zhang, J. (2007). Private vs. state ownership and earnings management: evidence from Chinese listed companies, Corporate Governance, 15 (2), 223–238.

Dziwornu, R.K. (2017). Does managerial ability really drive cost efciency? Evidence from boiler businesses. Manag Decis Econ, 38, 731–741.

Elsayed, Kh. (2007). Does CEO Duality Really Affect Corporate Performance? Corporate Governance An International Review, 15, 1203-1214.

Esmaili Kia, GH., Najafnia, S. & Oshani, M. (2019). Investigating the relationship between external corporate governance mechanisms and financial fraud, focusing on cognitive evaluation theory insights on agency theory prescriptions. Journal of Accounting and Auditing Review, 26(2), 169-192. (in Persian)

Faccio, M. (2006). Politically connected firms. American Economic Review, 96(1), 369–386.

Fakhari, H. & Yousef Alitabar, N. (2010). The study of relationship between dividend policy & corporate governance in Tehran Stock Exchange. Accounting and auditing reviews, 17(4), 69-152. (in Persian)

Fallah Doost, M. (2009). A Review of State Owned Enterprises in Iran, [online] http://MehdiFallahdoost.persianblog.ir (in Persian)

Fama, E. F. & Jensen, M. C. (1983). Separation of ownership and control, Journal of Law and Economics, 26, 301–25.

Fama, E.F. (1980), Agency problems and the theory of the firm. Journal of Political Economy, 88, 288–307.

Fatahi Nafchi, Hassan; Joodaki, Mohammad & Mansoorian, Zeynab (2023). The Impact of CEO Power on Financial Reporting Readability: Exploring the Moderating Influence of Earnings Performance and Corporate Governance. Accounting and Auditing Review, 30(4), 725-746. (in Persian)

Federo, R., Ponomareva, Y., Aguilera, R. V., Saz-Carranza, A. & Losada, C. (2020). Bringing owners back on board: A review of the role of ownership type in board governance. Corporate Governance: An International Review, 28(6), 348–371.

Fee, C.E., Hadlock, C.J. (2003). Raids, rewards, and reputations in the market for managerial talent, The Review of Financial Studies, 16(4), 1315-1357.

Feng, M., Ge, W. & Ling, Z. (2024). Prosocial CEOs, corporate policies, and firm value. Review of Accounting Studies, 29, 1854–1903.

Filatotchev, I. & Wright, M. (2017). Methodological Issues in Governance Research: An Editor’s Perspective. Corporate Governance: An International Review, 25 (6), 454-460.

Filatotchev, I., Lien, Y. C. & Piesse, J. (2005). Corporate governance and performance in publicly listed, familycontrolled firms: Evidence from Taiwan. Asia Pacific Journal of Management, 22(3), 257–283.

Firth, M., Fung, P. M. & Rui, O. M. (2007). How ownership and corporate governance influence chief executive pay in China's listed firms, Journal of Business Research, 60(7), 776–785.

Frye, T. & Zhuravskaya, E. (2000). Rackets, regulation, and the rule of law. Journal of Law, Economics, and Organization, 16(2), 478–502.

Fu, Y., Liu, C., Qin, Z. & Zhao, D. (2022). Institutional cross-ownership and firm social performance, Corporate Governance: An International Review, 30(6), 738–764.

Fuzi, Sh. F. S.S., Abdul Halim, A. & Julizaerma, M.K. (2016), Board Independence and Firm Performance, Procedia Economics and Finance, 37, 460-465.

Givoly, D. & Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? Journal of Accounting & Economics 29(3), 287-320.

Gompers, P., Ishii, J. & Metrick, A. (2003). Corporate governance and equity prices. The Quarterly Journal of Economics, 118, 107–155.

Gord, A., Mohammadi, M. & Goldoost, M. (2014). Investigating the relationship between corporate governance mechanism and cash holding. Accounting and auditing reviews, 22(2), 263-278. (in Persian)

Goyal, V. K. & Park, Ch. W. (2002). Board leadership structure and CEO turnover, Journal of Corporate Finance, 8 (1), 49-66.

Guriev, S. (2004). Red tape and corruption. Journal of Development Economics, 73(2), 489–504.

Haque, F., Arun, T. & Kirkpatrick, C. (2011). The political economy of corporate governance in developing economies: the case of Bangladesh, Research in International Business and Finance, 25 (2), 169–182.

Hartzell, J. C. & Starks, L. T. (2003). Institutional investors and executive compensation, The Journal of Finance, 58(6), 2351–2374.

Hermalin, B. E. & Weisbach, M. S. (1991). The effects of board composition and direct incentives on firm performance, Financial Management Association, 20, 101-112.

Hermalin, B.E. & Weisbach, M.S. (1998). Endogenously chosen boards of directors and their monitoring of the CEO. American Economic Review, 88, 96-118.

Hermalin, B.E. (2005). Trends in corporate governance. The journal of finance, 60 (5), 2351-2384.

Hu, F. & Leung, S. C.M. (2012). Top management turnover, firm performance and government control: Evidence from China's listed state-owned enterprises, The International Journal of Accounting, 47 (2), 235-262.

Huang, G., An, Z. & Li, D. (2023), Foreign institutional ownership and corporate risk-taking: International evidence, Corporate Governance: An International Review, 31(2), 260–284. https://doi.org/10.1111/corg.12456

Ibrahim, H. (2011). Effects Of Managerial Shareholdings On Capital Structure Of Listed Nonfinancial Firms In Nigeria, International Journal of Social Sciences and Humanities Review, 2(2), 59-65.

Iran Manesh, M. (2006), Privatization paradox of state owned enterprises, CheshmAndaz Iran, 8 (40), 37–92. (in Persian)

Jensen, M. (1993). The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, 48(3), 831-880.

Jenter, D. & Kanaan, F. (2015), CEO turnover and relative performance evaluation. The Journal of Finance, 70(5), 2155–2184.

Jin, Z., Li, Y. & Liang, S. (2023). Confucian culture and executive compensation: Evidence from China, Corporate Governance: An International Review, 31(1), 33–54.

Joudi, S., Mansourfar, G. & Didar, H. (2019). Internal and External Corporate Governance Quality, Information Asymmetry and Cash Holdings:Increase or Decrease in the Firm Value? Accounting and Auditing Review, 26(1), 39-64. (in Persian).

Kalsie, A., Shrivastav, Sh. M. (2016), Analysis of Board Size and Firm Performance: Evidence from NSE Companies Using Panel Data Approach, Indian Journal of Corporate Governance, 9 (2), 148-172.

Karami, Gh. & BeikBoshrouyeh, S. (2011). Corporate Governance and Equity Valuation: The Model by Using Artificial Neural Network. Accounting and auditing reviews, 18(64), 129-150. (in Persian)

Keasey, K. & Wright, M. (1993), Issues In Corporate Accountability and Governance: An Editorial, Accounting and Business Research, 23(1), 291–303.

Kim, J. & Jo, H. (2022). Controlling owner type, state capitalism, and corporate social responsibility in Africa, Corporate Governance: An International Review, 30(6), 765-782.

Kinney, W. R. Jr. (2019). The Kinney Three Paragraphs (and More) for Accounting Ph.D. Students. Accounting Horizon, 33(4), 1-14.

La Porta, R., Lopez-de-Silanes, F., Shleifer, A. & Vishny, R. (2002). Investor protection and corporate valuation. Journal of Finance, 57 (3), 1147–1170.

Lam, Y. T. & Lee, K. S. (2008). CEO duality and firm performance: evidence from Hong Kong. Corporate Governance, 8 (3), 299-316.

LaPorta, R. L., Lopez de Silanes, F., Shleifer, A. & Vishny, R. W. (1998). Law and finance. Journal of Political Economy, 106 (6), 1113–1155.

Larcker, D. F. & Rusticus, T. (2010). On the use of instrumental variables in accounting research, Journal of Accounting and Economics, 49(2), 186-205.

Lennox, C.S. & Wu, X. (2018). A review of the archival literature on audit partners. Accounting Horizons, 32 (2), 1–35.

Leuz, C. (2022). Towards a design-based approach to accounting research, Journal of Accounting and Economics, 74 (2–3), 101550.

Liang, H. & Renneboog, L. (2020). The global sustainability footprint of sovereign wealth funds, Oxford Review of Economic Policy, 36(2), 380–426.

Lin, C, Ma, Y. & Su, D. (2009). Corporate governance and firm efficiency: evidence from China’s publicly listed firms, Managerial and Decision Economics, 30(3), 193–209.

Maffett, M. (2012). Financial reporting opacity and informed trading by international institutional investors, Journal of Accounting and Economics, 54(2–3), 201–220.

Maham, K. & Tanha, F. (2014). Control Privatization, Corporate Governance and Firm Performance. Accounting and Auditing Review, 21(3), 349-370. doi: 10.22059/acctgrev.2014.52096 (in Persian)

Maranjory, M. & Alikhani, R. (2013). Social Responsibility Disclosure and Corporate Governance. Accounting and auditing reviews, 21(3), 329-348. (in Persian)

Mashayekhi, B. & Bazaz, M.S. (2008). Corporate governance and firm performance in Iran, Journal of Contemporary Accounting & Economics, 14 (1), 156–172.

Mashayekhi, B. & Mashayekh, S. (2008), Development of accounting in Iran, The International Journal of Accounting, 43 (1), 66–86.

Mashayekhi, B., Hasanzadeh, Sh., Samavat, M. & Nazari, S. (2023). Corporate Social Responsibility Disclosure and Management Opportunism: The Role Moderating of Corporate Governance. Accounting and Auditing Review, 30(3), 560-589. (in Persian)

Mashayekhi, Sh. & Esmaeili, M. (2006). Examining the Relationship between Earnings Quality and Certain Corporate Governance Mechanisms in Companies Listed on the Tehran Stock Exchange. Accounting and Auditing Reviews, 13(3), 25–44. (in Persian)

Masuda, T. (2010). Novice founders and re-starters in Japanese business society, International Journal of Business and Globalisation, 5(3), 304–327.

Mishra, C. S. (2019). Does Managerial Ability Drive Firm Innovativeness? In IEEE Transactions on Engineering Management, 68(4), 1139-1154.

Moghaddam, A. & Momeni Yanesari, A. (2012). The Investigation of the Effect of some Corporate Governance Attributes on Capital Structure Decisions for Corporation Listed in Tehran Stock Exchange. Accounting and auditing reviews, 19(2), 123-136. (in Persian)

Mohammad Rezaei, F. (2018). Template for Archival Accounting Research. Journal of Management Accounting and Auditing Knowledge, 7(26), 189-208. (in Persian)

Mohammadikhanghah, G., Piry, P. & Mansourfar, G. (2020). Real Earnings Management, Corporate Governance Quality and Credit Rating. Accounting and Auditing Review, 26(4), 595-614. doi: 10.22059/acctgrev.2020.287779.1008254 (in Persian)

Mohammadrezaei F., Mohd-Saleh, N. & Banimahd, B. (2012). Political economy of corporate governance: the case of Iran, International journal of business governance and ethics,  7 (4), 301-330.

Mohammadrezaei, F. & Faraji, O. (2019). The Dilemma of Audit Quality Measuring in Archival Studies: Critiques and Suggestions for Iran’s Research Setting. Accounting and Auditing Review, 26(1), 87-122. doi: 10.22059/acctgrev.2018.256781.1007884
(in Persian)

MohammadRezaei, F. & Mohd-Saleh, N. (2018). Audit report lag: the role of auditor type and increased competition in the audit market. Accounting and Finance, 58 (3), 885-920.

Mohammadzade Salteh, H., Badavar Nahandi, Y. & Esmaeelnejad, M. (2014). The Investigation the Effect of Corporate Governance on Firm Value with Emphasis on Investment Efficiency in Listed Firms at Tehran Stock Exchange (TSE). Accounting and auditing reviews, 22(1), 125-142. (in Persian)

Mousavi Shiri, S. M., Mostafavi, N. & Yazdani, M. (2017). Over-Investment, the Marginal Value of Cash Holdings and Corporate Governance. Accounting and Auditing Review, 24(2), 263-282. doi: 10.22059/acctgrev.2017.221443.1007498 (in Persian)

Namazian, A., Pourheidari, O.& Zeinali, H. (2021). Investigating the Effect of Effective Tax Rate and Quality of Corporate Governance on Tax Evasion and Tax Corruption. Accounting and Auditing Review, 28(3), 507-532. (in Persian)

Nikbakht, M. R. & Taheri, Z. (2013). Investigating the Relationship between Corporate Governance and Systematic Risk. Accounting and auditing reviews, 21(1), 109-126. (in Persian)

Nikbakht, M.R. & Khanbeigi, M.A. (2018). The Impact of Corporate Governance on Financial Reporting Quality: Integrated Approach. Journal of Accounting and Auditing Review, 25(3), 433-455. (in Persian)

Nora, A. & Anis, B. (2015). Ownership Structure and Bank Performance. Journal of Economics, Business and Management, 3(5), 483-488.

Owiredu, A., Oppong, M. & Churchull, R.Q. (2014). Effects of Ownership Structure on the Performance of Listed Companies on the Ghana Stock Exchange, Archives of Business Research, 2(4), 70-86.

Palmberg, J. (2015). The performance effect of corporate board of directors, European Journal of Law and Economics, 40(2), 273-292.

Park, J., Sani, J., Shroff, N. & White, H. (2019), Disclosure incentives when competing firms have common ownership, Journal of Accounting and Economics, 67 (2-3), 387-415.

Park, Y. W. & Shin, H. (2004). Board composition and earnings management in Canada, Journal of Corporate Finance, 10, 431–57.

Pathan, Sh., Skully, M. (2010), Endogenously structured boards of directors in banks, Journal of Banking & Finance, 34 (7), 1590-1606.

Peasnell, K. V., Pope, P. F. & Young, S. (2005), Board monitoring and earnings management: do outside directors influence abnormal accruals? Journal of Business Finance and Accounting, 32(7-8), 1311-1346.

Penman, S.H. & Zhang, X.J. (2002). Accounting conservatism, the quality of earnings, and stock

returns. The Accounting Review, 77(2), 237-264.

Ponomareva, Y., Federo, R., Aguilera, R. V. & Collin, S.-O. (2022), The cost of conformity to good governance: Board design and compensation, Corporate Governance: An International Review, 30(4), 399–420.

Rahimian, N.A.D., Salehnejad, S.H. & Saleki, A. (2010). Relationship between the Some of Corporate Governance Mechanisms and Information Asymmetry in the Firms Listed in Tehran Stock Exchange. Accounting and Auditing Review, 16(58), 0-0. SID. https://sid.ir/paper/356423/en (in Persian)

Ramírez, C., Tarziján, J. & Lagos, G. (2022), The effect of ownership structure on investment decisions under exogenous shocks, Corporate Governance: An International Review, 30(6), 783-805.

Roudaki, J. (2008), Accounting profession and evolution of standard setting in Iran, Journal of Accounting – Business & Management, 15 (1), 33–52.

Sahin, C. (2011), Managing professional service frms: role of managerial abilities, J Manag Dev, 30, 413– 426.

Selarka, E. (2012). Corporate Governance and Product Market Competition. Working Paper, India: Madras School of Economics.

Shi, W., Connelly, B. L. & Li, J. (2022), Excess control rights in family firms: A socioemotional wealth perspective. Corporate Governance: An International Review, 30(6), 806-828.

Shipman, J.E., Swanquist, Q.T. & Whited, R.L. (2017). Propensity Score Matching in Accounting Research. The Accounting Review, 92 (1), 213–244.

Shuto, A. & Takada, T. (2010). Managerial ownership and accounting conservatism in Japan: A test of management entrenchment effect. Journal of Business Finance & Accounting, 37(7-8), 815–840.

Smutny, P., Prochazka J. & Vaculik, M. (2016). The relationship between managerial skills and managerial efectiveness in a managerial simulation game. Innovar, 26(62), 11–22.

Sulong, Z. & Mat Nor, F. (2010). Corporate governance mechanisms and firm valuation in Malaysian listed. Journal of Modern Accounting and Auditing, 6 (1).

Tian, J. J. & Lau, C.-M. (2001). Board composition, leadership structure and performance in Chinese shareholding companies. Asia Pacific Journal of Management, 18(2), 245–263.

Urban, D. (2019). The effects of culture on CEO power: Evidence from executive turnover. Journal of Banking and Finance, 104, 50–69.

Valizadeh Larijani, A., Hosseini, S.A. & Tahmasebi Ashtiyani, M. (2020). The Interaction Impact of Accruals Quality and Corporate Governance Quality on Performance Variability. Accounting and Auditing Review, 27(3), 454 - 472. (in Persian)

Velury, U. & Jenkins, D. S. (2006). Institutional ownership and the quality of earning. Journal of Business Research, 59 (9), 1043-1051.

Wallach, M. A., Kogan, N. & Bem, D. J. (1964). Diffusion of responsibility and level of risk taking in groups. Journal of Abnormal and Social Psychology, 68, 263–274.

Wang, K. & Shailer, G. (2015). Ownership Concentration And Firm Performance In Emerging Markets: A Meta-Analysis. Journal of Economic Surveys, Wiley Blackwell, 29(2), 199-229.

Wang, R. Z., Ciaran, O.H. & Tony, Z. (2009). Measures of accounting conservatism: a construct validity perspective. Journal of Accounting Literature, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1274044

Watts, R. L. & Zimmerman, J. L. (1983). Agency Problems, Auditing, and the Theory of the Firm: Some Evidence. The Journal of Law and Economics, 26 (3), 613-633.

Whited, R. L., Swanquist, Q. T., Shipman, J. E. & Moon, J. (2022). Out of control: The (over) use of controls in accounting research. The Accounting Review, 97 (3), 395-413.

Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics, 40(2), 185-211.

Yuan, R., Xiao, J. Z. & Zou, H. (2008). Mutual funds' ownership and firm performance: Evidence from China. Journal of Banking & Finance, 32(8), 1552–1565.

Yuan, Y., Tian, G., Lu, L.Y. & Yu, Y. (2019). CEO ability and corporate social responsibility. Journal of Business Ethics, 157(2), 391–411.

Yung, K. & Chen, C. (2018). Managerial ability and frm risk-taking behavior. Review of quantitative finance and accounting, 51(4), 1005-1032.

Zhang, M., Gao, S., Guan, X. & Jiang, F. (2014). Controlling shareholdermanager collusion and tunneling: Evidence from China. Corporate Governance: An International Review, 22(6), 440–459.

Zhu, J., Ye, K., Tucker, J. W. & Chan, K. J. C. (2016). Board hierarchy, independent directors, and firm value: Evidence from China. Journal of Corporate Finance, 41, 262–279.