Performance evaluation of actively managed mutual funds and the puzzle of their acceptance by investors

According the importance of corporate governance and its role on the responsibility and financial transparency, the relations between corporate governance and information transparency and their impacts on banks performance is evaluated. The purpose of this study is to find an answer to the question that what is the relationship between corporate governance with disclosure of information and performance of banks and whether the indicators introduced for measuring corporate governance have the ability to accurately measure this variable for the banking system? So, the relationship between corporate governance indicators and information transparency and their impact on banks' performance has been investigated by using dynamic panel data model and information related to 16 banks from the country's banking network in the period 2007-2019. Results shows that there aren’t any significant relations between corporate governance and information transparency indices and banks performance. So, the corporate governance didn’t have any significant impact on the disclosure of information. Also, indices of information transparency have a significant positive relationship with bank performance in both models. According to finding because the corporate governance couldn’t impact on the information transparency it couldn’t on impact the bank performance. Also, the joint variable for size and dummy for big banks that applicated for asymmetry information have a significant positive relation with bank performance.