The effect of ownership structure on the relationship between financial information quality and investment efficiency

Corporate governance mechanisms and ownership structures have the potential to have a direct impact on the ability of investors to force management to make efficient use of the resources available to organizations. The purpose of this study is to investigate the effect of ownership structure on the relationship between financial information quality and investment efficiency in companies listed on the stock exchange. In terms of the type of purpose, the research is part of applied research and the research method is cause and effect in terms of nature and content. The research was conducted in the framework of deductive-inductive reasoning and panel analysis was used to analyze the hypotheses. To collect information, data from 146 companies listed on the Tehran Stock Exchange in the period 1390-1397 have been used. The results of this study show that the quality of financial information increases the efficiency of investment. Also, managerial ownership and ownership focus do not have a positive and significant effect on the relationship between financial information quality and investment efficiency; But the impact of institutional ownership is not significant