The Role of the Dynamics of Shareholders General Meetings in the Managers Financial and Tax Performance

Despite the importance of the issue of the dynamics of shareholders general meetings, little research has been done in this regard, and the theoretical findings have also predicted the inconsistency outcomes. The purpose of this study is to investigate the relationship between the shareholder participation in the general meeting of shareholders with financial and tax performance. In this regard, three criteria have been used to measure the return on assets, return on equity returns, and Tobin's Q ratio for measuring financial performance and tax avoidance criteria for measuring tax performance. This research is descriptive-correlative manner. Using the multivariate regression model, the results of the survey of 95 companies listed in the Tehran Stock Exchange between 2009 and 2017 show a positive and significant relationship between the shareholder's participation rate and the firm's performance. Thus, in companies with more dynamic meetings, the rate of return on assets, return on equity and Tobin's Q ratio is higher. In addition, the results show that there is no meaningful relationship between the amount of shareholders participating in the general meeting of shareholders and tax avoidance.