Relationship between the Institutional Ownership and non-Executive Directors in Iran
Abstract
In every financial market, one of the most significant topics in investment is the liquidity rate of assets. The role of liquidity in asset prices, the distribution of financial risk and the reduction of transaction costs are important factors. The current study aims to investigate the role of non-executive directors and institutional ownership in assuring liquidity. Thus, the sample of the study includes 69 listed companies on the Tehran Stock Exchange during 2008-2011. The results reveal that there is a negative relationship between the balance of institutional ownership and liquidity.References
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