Investigating the adjustment effect of corporate governance on the interaction of free cash flows and growth opportunities in synchronizing stock returns

Subject Areas : Journal of Investment Knowledge

Neda Rezaei ¹ (Department of Accounting,bonab,branch,islamic azad university,bonab,iran)
asgar pakmaram ² (Corresponding Author: Associate Prof., Faculty of Literature and Humanities, Islamic Azad University Bonab Branch, Bonab, Iran.)
Rasoul ABDI ³ (Assistant Professor. Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran)
yaghoub aghdam mazraeh ⁴ (Department of Accountingt,Sofian Branch,Islamic Azad University,Sofian,Iran)

Received: 2021-04-29 Accepted : 2021-06-09 Published : 2024-12-21

Keywords: Synchronize stock returns, Free Cash Flows, Growth Opportunities, Corporate Governance,

Abstract :

Concurrent equity return is a relatively new field in financial and economic research that is closely related to economic development, financial market stability, and market efficiency .The overall purpose of this study is to investigate the role of corporate governance adjustment on the interaction of free cash flows and growth opportunities in synchronizing stock returns in companies listed on the Tehran Stock Exchange. The statistical population of this study is the companies listed on the Tehran Stock Exchange from 2006 to 2017. The research method used in this research is applied in terms of purpose and correlation or consistency in terms of method and nature. The test results of the hypotheses show the quality of corporate governance on the interaction between annual stock returns , Interaction between ownership concentration, transaction turnover and stock return synchronization A significant effect But the quality of corporate governance depends on the interaction between the life of the company, the size of the company, the growth of the company, Liquidity and synchronization of stock returns It has no significant effect.

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