How to cite this paper
Ghodrati, H & Taghizad, G. (2014). A study on relationship between rewarding board of directors and share liquidity.Management Science Letters , 4(9), 1951-1960.
Refrences
Anderson, M. C., Banker, R. D., & Ravindran, S. (1999). Interrelations between components of executives & apos; compensation and market and accounting based performance measures.
Arora, A. (1996). Executive compensation contracts and earnings response coefficients (Doctoral dissertation).
Anderson, M. C., Banker, R. D., & Ravindran, S. (2000). Executive compensation in the information technology industry. Management Science, 46(4), 530547.
Amihud, Y., & Mendelson, H. (1991). Liquidity, asset prices and financial policy. Financial Analysts Journal, 5666.
Agarwal, P. (2007). Institutional ownership and stock liquidity. Available at SSRN 1029395.
Ascioglu, A., Hegde, S. P., Krishnan, G. V., & McDermott, J. B. (2012). Earnings management and market liquidity. Review of Quantitative Finance and Accounting, 38(2), 257274.
Baqeri Mehmandusti, B. (2007). Evaluation of the relation between shares liquid and relevant decisions to capital structure of accepted companies in Tehran exchange market, Master’s thesis: management and accounting department of Shahid Beheshti University.
Bolton, P., & Thadden, V. (1998). Blocks, liquidity, and corporate control. The Journal of Finance, 53(1), 125.
Bharath, S. T., Pasquariello, P., & Wu, G. (2009). Does asymmetric information drive capital structure decisions?. Review of Financial Studies, 22(8), 32113243.
Bebchuk, L. A., Cremers, K. J., & Peyer, U. C. (2011). The CEO pay slice. Journal of Financial Economics, 102(1), 199221.
Bergstresser, D., & Philippon, T. (2006). CEO incentives and earnings management. Journal of Financial Economics, 80(3), 511529.
Coffee, J. C. (1991). Liquidity versus control: The institutional investor as corporate monitor. Columbia Law Review, 12771368.
Chung, R., Firth, M., & Kim, J. B. (2005). Earnings management, surplus free cash flow, and external monitoring. Journal of Business Research, 58(6), 766776.
Chung, K. H., Elder, J., & Kim, J. C. (2010). Corporate governance and liquidity.
Cueto, C. (2009). Market Liquidity and Ownership Structure with weak protection for minority shareholders: evidence from Brazil and Chile. J. Banking & Finan, 31, 17711794.
Darrough, M. N., Pourjalali, H., & Saudagaran, S. (1998). Earnings management in Japanese companies. The International Journal of Accounting, 33(3), 313334.
Datar, V. T., Y Naik, N., & Radcliffe, R. (1998). Liquidity and stock returns: An alternative test. Journal of Financial Markets, 1(2), 203219.
Dennis, P. J., & Weston, J. P. (2001). Who’s informed? An analysis of stock ownership and informed trading. McIntire School (Virginia) working paper.
Elayan, F. A., Lau, J. S., & Meyer, T. O. (2003). Executive incentive compensation schemes and their impact on corporate performance: evidence from new zealand since compensation disclosure requirements became effective. Studies in Economics and Finance, 21(1), 5492.
Ely, K. M. (1991). Interindustry differences in the relation between compensation and firm performance variables. Journal of Accounting Research, 3758.
Fang, V. W., Noe, T. H., & Tice, S. (2009). Stock market liquidity and firm value. Journal of financial Economics, 94(1), 150169.
Gregg, P., Jewell, S., & Tonks, I. (2005). Executive Pay and Performance in the UK: 19942002.
Hartzell, J. C., & Starks, L. T. (2003). Institutional investors and executive compensation. The Journal of Finance, 58(6), 23512374.
Heflin, F., & Shaw, K. W. (2000). Blockholder ownership and market liquidity. Journal of Financial and Quantitative Analysis, 35(04), 621633.
Hosseini, S.A., et al. (2010). Evaluating the relation of companies operation and exchange market liquid ability. Quarterly of Exchange Market, 11.
Izadinia, M., & Rasaian, M. (2010). Ownership dispersion and shares liquid ability. Auditing and Accounting Examinations.
JavadBalenga, S. (2012). Effects of ownership structure on the relation of managers & apos; rewards and operation. Master Thesis, Mazandaran University, Iran.
Jensen, M. C., & Meckling, W. H. (1979). Theory of the firm: Managerial behavior, agency costs, and ownership structure (pp. 163231). Springer Netherlands.
Jensen, M. C., & Murphy, K. J. (1990). Performance pay and topmanagement incentives. Journal of political economy, 225264.
Jones, S., & Sharma, R. (2001). The impact of free cash flow, financial leverage and accounting regulation on earnings management in Australia’s “old” and “new” economies. Managerial Finance, 27(12), 1839.
Karami, G.R., Nazari, M., & Shafiepoor, S.M. (2010). Economist value added and exchange market liquid. Financials Researches, 12(30), 117 – 132.
Kato, T., & Kubo, K. (2006). CEO compensation and firm performance in Japan: Evidence from new panel data on individual CEO pay. Journal of the Japanese and International Economies, 20(1), 119.
Khani, M. (2003). Profit management and managers & apos; rewards as study on clarifying financial information. PhD thesis in accounting Allameh Tabatabaieo University.
Khoshtinat, M. et al. (2003). Profit management and managers & apos; rewards: a study on clarifying financial information. Clark Terry L accounting standings, 3, 127 – 153.
Lambert, R. A. (1983). Longterm contracts and moral hazard. The Bell Journal of Economics, 441452.
Lesmond, D. A., O’Connor, P., & Senbet, L. (2008). Capital structure and equity liquidity. Unpublished Work. URL: http://papers. ssrn. com/sol3/papers. cfm.
Lipson, M., & Mortal, S. (2004). Capital structure decisions and equity market liquidity. Unpublished working paper. University of Georgia.
Lang, M., Lins, K. V., & Maffett, M. (2012). Transparency, liquidity, and valuation: International evidence on when transparency matters most. Journal of Accounting Research, 50(3), 729774.
Mehrani, S., & Baqeri, B. (2009). Evaluating effects of free cash flows and institutional shareholders and profits management within accepted companies in Tehran exchange markets. Accounting Researches, 2, 50-71.
Murphy, K. J. (1985). Corporate performance and managerial remuneration: An empirical analysis. Journal of accounting and economics, 7(1), 1142.
Maug, E. (1998). Large Shareholders as Monitors: Is There a Trade?Off between Liquidity and Control?. The Journal of Finance, 53(1), 6598.
Mehran, H. (1995). Executive compensation structure, ownership, and firm performance. Journal of financial economics, 38(2), 163184.
Mohseni Maleki, B., Askgari Rezazadeh, M., & Khajvand Salehi, A. (2012). Effects of board of directors & apos; rewards on companies functions, some evidences of Tehran exchange market.
MoradzadeFard, M. Rezapoor, N., & Frzani, H. (2010). Evaluating the role of commitment items management in shares liquid of accepted companies in Tehran exchange market. Journal of Financial Accounting Researches, 2, 101 – 116.
Namazi, M., & Moradi, M. (2004). Practical evaluation of effective components in determining board of directors & apos; rewards. Quarterly Journal of Accounting Researches, 10.
Namazi, M., & Sirani, M. (2004). Practical evaluation of main components in determining mining contracts, indexes, and parameters for managing directors & apos; rewards of the companies in Iran. Accounting and Auditing Evaluations, 36, 65 – 94.
Osma, B. G., & Noguer, B. G. D. A. (2007). The effect of the board composition and its monitoring committees on earnings management: Evidence from Spain. Corporate Governance: An International Review, 15(6), 14131428.
Poor Haidari, O., & Hemati, D. (2004). Evaluation of the payables contracts effects, political costs, ownership and rewards schemes on profit management in accepted companies in Tehran exchange market. Auditing and Accounting Examinations, 34, 47.
Pope, P., Peasnell, K., & Young, S. (1998). Outside directors, board effectiveness, and earnings management.
Park, Y. W., & Shin, H. H. (2004). Board composition and earnings management in Canada. Journal of corporate Finance, 10(3), 431457.
Palmiter, A. R. (2001). Mutual fund voting of portfolio shares: Why not disclose. Cardozo L. Rev., 23, 1419.
Pereira, J. P., & Zhang, H. H. (2010). Stock returns and the volatility of liquidity.
Rahmani, A., Hosseini, S. A., & Rezapoor, N. (2010). Institutional ownership relation with shares liquidating in Iran. Quarterly magazine of accounting and auditing examinations,17(61), 39 – 54.
Roodgar, Z. (2011). Evaluation and comparison of shares liquidating ability in Tehran exchange market. master thesis, Tehran Azad University, researches and sciences department.
Rubin, A. (2007). Ownership level, ownership concentration and liquidity. Journal of financial Markets, 10(3), 219248.
Sajadi, S.H., & Zareazadeh Mehrizi, M.S. (2010). Evaluating the relation between managers & apos; rewards and economy standards for function assessment. Financial Accounting Researches, 1(4), 41 – 54.
Sarin, A., Shastri, K. A., & Shastri, K. (2000). Ownership structure and stock market liquidity. Intl. J. Accoun, 38, 465491.
Shah, S. Z. A., Zafar, N., & Durrani, T. K. (2009). Board Composition and Earnings Management an Empirical Evidence Form Pakistani Listed Companies. Middle Eastern Finance and Economics, 3(29), 3044.
Tariq, U. (2010). CEO Compensation: Relationship with Performance and Influence of Board of Directors.
Tehrani, R., and Aabi, S. (2009). Evaluating the relation between portfolio efficiency (output) and function of investing companies and liquidating rank, their profitability ratios and divisional profit in Tehran exchange markets. Quarterly Journal of Exchange Markets 11thperiod,No. 27, pp2342.
Udomsirikul, P., Jumreornvong, S., & Jiraporn, P. (2011). Liquidity and capital structure: The case of Thailand. Journal of Multinational Financial Management, 21(2), 106117.
Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159169.
YaqubNejad, A., Rahnamaye Rudposhti, F., & Zabihi, A. (2011). Evaluating the effects of corporative leadership system unethically taking shares all accepted companies in Tehran exchange market. Quarterly Journal of exchange markets, 15, fourth year.
ZareStahriji, M. (2002). Evaluation of effective factors on shares liquid capability in exchange market. Master thesis, Tehran: Imam Sadegh University
ZareaStahriji, M. (2007). Evaluating effective factors on shares liquidating ability in Tehran exchange market. Master thesis in the field of management and Islamic knowledge, Imam Sadegh (peace be upon him) university.
Arora, A. (1996). Executive compensation contracts and earnings response coefficients (Doctoral dissertation).
Anderson, M. C., Banker, R. D., & Ravindran, S. (2000). Executive compensation in the information technology industry. Management Science, 46(4), 530547.
Amihud, Y., & Mendelson, H. (1991). Liquidity, asset prices and financial policy. Financial Analysts Journal, 5666.
Agarwal, P. (2007). Institutional ownership and stock liquidity. Available at SSRN 1029395.
Ascioglu, A., Hegde, S. P., Krishnan, G. V., & McDermott, J. B. (2012). Earnings management and market liquidity. Review of Quantitative Finance and Accounting, 38(2), 257274.
Baqeri Mehmandusti, B. (2007). Evaluation of the relation between shares liquid and relevant decisions to capital structure of accepted companies in Tehran exchange market, Master’s thesis: management and accounting department of Shahid Beheshti University.
Bolton, P., & Thadden, V. (1998). Blocks, liquidity, and corporate control. The Journal of Finance, 53(1), 125.
Bharath, S. T., Pasquariello, P., & Wu, G. (2009). Does asymmetric information drive capital structure decisions?. Review of Financial Studies, 22(8), 32113243.
Bebchuk, L. A., Cremers, K. J., & Peyer, U. C. (2011). The CEO pay slice. Journal of Financial Economics, 102(1), 199221.
Bergstresser, D., & Philippon, T. (2006). CEO incentives and earnings management. Journal of Financial Economics, 80(3), 511529.
Coffee, J. C. (1991). Liquidity versus control: The institutional investor as corporate monitor. Columbia Law Review, 12771368.
Chung, R., Firth, M., & Kim, J. B. (2005). Earnings management, surplus free cash flow, and external monitoring. Journal of Business Research, 58(6), 766776.
Chung, K. H., Elder, J., & Kim, J. C. (2010). Corporate governance and liquidity.
Cueto, C. (2009). Market Liquidity and Ownership Structure with weak protection for minority shareholders: evidence from Brazil and Chile. J. Banking & Finan, 31, 17711794.
Darrough, M. N., Pourjalali, H., & Saudagaran, S. (1998). Earnings management in Japanese companies. The International Journal of Accounting, 33(3), 313334.
Datar, V. T., Y Naik, N., & Radcliffe, R. (1998). Liquidity and stock returns: An alternative test. Journal of Financial Markets, 1(2), 203219.
Dennis, P. J., & Weston, J. P. (2001). Who’s informed? An analysis of stock ownership and informed trading. McIntire School (Virginia) working paper.
Elayan, F. A., Lau, J. S., & Meyer, T. O. (2003). Executive incentive compensation schemes and their impact on corporate performance: evidence from new zealand since compensation disclosure requirements became effective. Studies in Economics and Finance, 21(1), 5492.
Ely, K. M. (1991). Interindustry differences in the relation between compensation and firm performance variables. Journal of Accounting Research, 3758.
Fang, V. W., Noe, T. H., & Tice, S. (2009). Stock market liquidity and firm value. Journal of financial Economics, 94(1), 150169.
Gregg, P., Jewell, S., & Tonks, I. (2005). Executive Pay and Performance in the UK: 19942002.
Hartzell, J. C., & Starks, L. T. (2003). Institutional investors and executive compensation. The Journal of Finance, 58(6), 23512374.
Heflin, F., & Shaw, K. W. (2000). Blockholder ownership and market liquidity. Journal of Financial and Quantitative Analysis, 35(04), 621633.
Hosseini, S.A., et al. (2010). Evaluating the relation of companies operation and exchange market liquid ability. Quarterly of Exchange Market, 11.
Izadinia, M., & Rasaian, M. (2010). Ownership dispersion and shares liquid ability. Auditing and Accounting Examinations.
JavadBalenga, S. (2012). Effects of ownership structure on the relation of managers & apos; rewards and operation. Master Thesis, Mazandaran University, Iran.
Jensen, M. C., & Meckling, W. H. (1979). Theory of the firm: Managerial behavior, agency costs, and ownership structure (pp. 163231). Springer Netherlands.
Jensen, M. C., & Murphy, K. J. (1990). Performance pay and topmanagement incentives. Journal of political economy, 225264.
Jones, S., & Sharma, R. (2001). The impact of free cash flow, financial leverage and accounting regulation on earnings management in Australia’s “old” and “new” economies. Managerial Finance, 27(12), 1839.
Karami, G.R., Nazari, M., & Shafiepoor, S.M. (2010). Economist value added and exchange market liquid. Financials Researches, 12(30), 117 – 132.
Kato, T., & Kubo, K. (2006). CEO compensation and firm performance in Japan: Evidence from new panel data on individual CEO pay. Journal of the Japanese and International Economies, 20(1), 119.
Khani, M. (2003). Profit management and managers & apos; rewards as study on clarifying financial information. PhD thesis in accounting Allameh Tabatabaieo University.
Khoshtinat, M. et al. (2003). Profit management and managers & apos; rewards: a study on clarifying financial information. Clark Terry L accounting standings, 3, 127 – 153.
Lambert, R. A. (1983). Longterm contracts and moral hazard. The Bell Journal of Economics, 441452.
Lesmond, D. A., O’Connor, P., & Senbet, L. (2008). Capital structure and equity liquidity. Unpublished Work. URL: http://papers. ssrn. com/sol3/papers. cfm.
Lipson, M., & Mortal, S. (2004). Capital structure decisions and equity market liquidity. Unpublished working paper. University of Georgia.
Lang, M., Lins, K. V., & Maffett, M. (2012). Transparency, liquidity, and valuation: International evidence on when transparency matters most. Journal of Accounting Research, 50(3), 729774.
Mehrani, S., & Baqeri, B. (2009). Evaluating effects of free cash flows and institutional shareholders and profits management within accepted companies in Tehran exchange markets. Accounting Researches, 2, 50-71.
Murphy, K. J. (1985). Corporate performance and managerial remuneration: An empirical analysis. Journal of accounting and economics, 7(1), 1142.
Maug, E. (1998). Large Shareholders as Monitors: Is There a Trade?Off between Liquidity and Control?. The Journal of Finance, 53(1), 6598.
Mehran, H. (1995). Executive compensation structure, ownership, and firm performance. Journal of financial economics, 38(2), 163184.
Mohseni Maleki, B., Askgari Rezazadeh, M., & Khajvand Salehi, A. (2012). Effects of board of directors & apos; rewards on companies functions, some evidences of Tehran exchange market.
MoradzadeFard, M. Rezapoor, N., & Frzani, H. (2010). Evaluating the role of commitment items management in shares liquid of accepted companies in Tehran exchange market. Journal of Financial Accounting Researches, 2, 101 – 116.
Namazi, M., & Moradi, M. (2004). Practical evaluation of effective components in determining board of directors & apos; rewards. Quarterly Journal of Accounting Researches, 10.
Namazi, M., & Sirani, M. (2004). Practical evaluation of main components in determining mining contracts, indexes, and parameters for managing directors & apos; rewards of the companies in Iran. Accounting and Auditing Evaluations, 36, 65 – 94.
Osma, B. G., & Noguer, B. G. D. A. (2007). The effect of the board composition and its monitoring committees on earnings management: Evidence from Spain. Corporate Governance: An International Review, 15(6), 14131428.
Poor Haidari, O., & Hemati, D. (2004). Evaluation of the payables contracts effects, political costs, ownership and rewards schemes on profit management in accepted companies in Tehran exchange market. Auditing and Accounting Examinations, 34, 47.
Pope, P., Peasnell, K., & Young, S. (1998). Outside directors, board effectiveness, and earnings management.
Park, Y. W., & Shin, H. H. (2004). Board composition and earnings management in Canada. Journal of corporate Finance, 10(3), 431457.
Palmiter, A. R. (2001). Mutual fund voting of portfolio shares: Why not disclose. Cardozo L. Rev., 23, 1419.
Pereira, J. P., & Zhang, H. H. (2010). Stock returns and the volatility of liquidity.
Rahmani, A., Hosseini, S. A., & Rezapoor, N. (2010). Institutional ownership relation with shares liquidating in Iran. Quarterly magazine of accounting and auditing examinations,17(61), 39 – 54.
Roodgar, Z. (2011). Evaluation and comparison of shares liquidating ability in Tehran exchange market. master thesis, Tehran Azad University, researches and sciences department.
Rubin, A. (2007). Ownership level, ownership concentration and liquidity. Journal of financial Markets, 10(3), 219248.
Sajadi, S.H., & Zareazadeh Mehrizi, M.S. (2010). Evaluating the relation between managers & apos; rewards and economy standards for function assessment. Financial Accounting Researches, 1(4), 41 – 54.
Sarin, A., Shastri, K. A., & Shastri, K. (2000). Ownership structure and stock market liquidity. Intl. J. Accoun, 38, 465491.
Shah, S. Z. A., Zafar, N., & Durrani, T. K. (2009). Board Composition and Earnings Management an Empirical Evidence Form Pakistani Listed Companies. Middle Eastern Finance and Economics, 3(29), 3044.
Tariq, U. (2010). CEO Compensation: Relationship with Performance and Influence of Board of Directors.
Tehrani, R., and Aabi, S. (2009). Evaluating the relation between portfolio efficiency (output) and function of investing companies and liquidating rank, their profitability ratios and divisional profit in Tehran exchange markets. Quarterly Journal of Exchange Markets 11thperiod,No. 27, pp2342.
Udomsirikul, P., Jumreornvong, S., & Jiraporn, P. (2011). Liquidity and capital structure: The case of Thailand. Journal of Multinational Financial Management, 21(2), 106117.
Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159169.
YaqubNejad, A., Rahnamaye Rudposhti, F., & Zabihi, A. (2011). Evaluating the effects of corporative leadership system unethically taking shares all accepted companies in Tehran exchange market. Quarterly Journal of exchange markets, 15, fourth year.
ZareStahriji, M. (2002). Evaluation of effective factors on shares liquid capability in exchange market. Master thesis, Tehran: Imam Sadegh University
ZareaStahriji, M. (2007). Evaluating effective factors on shares liquidating ability in Tehran exchange market. Master thesis in the field of management and Islamic knowledge, Imam Sadegh (peace be upon him) university.