The Effect of Managerial Compensation and Ability on the relationship between Business Strategy and Firm Value

Article Type:
Research/Original Article (بدون رتبه معتبر)

The value of the company is one of the most important components of evaluating economic units, especially joint-stock companies. The value of a company is reflected in its stock price, therefore, the prosperity of a company's stock can be considered as a result of the value of the economic unit. Among the factors that can affect the value of the company are business strategy, managerial compensation and managerial ability. Based on this, the current research examines the effect of managerial compensation and ability on the relationship between business strategy and firm value in companies listed on the Tehran Stock Exchange. In order to achieve the above objectives, three hypotheses were formulated. Therefore, in order to test the research hypothesis, a sample of 140 firms was selected from the firms listed in Tehran Stock Exchange during the period 2015 to 2021. Multivariate regression model based on combined data was used to test the research hypothesis. The findings of the research showed that the business strategy has a positive and significant effect on the firm value, that is, an increase in the business strategy leads to an increase in the firm value; In addition, the results indicate that managerial compensation and ability strengthen the relationship between business strategy on firm value.

Research in Accounting and Economic Sciences Journal, Volume:7 Issue: 25, 2023
1 to 14  
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یک‌ساله به مبلغ 1,390,000ريال می‌توانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
  • حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران می‌شود.
  • پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانه‌های چاپی و دیجیتال را به کاربر نمی‌دهد.
دسترسی سراسری کاربران دانشگاه پیام نور!
اعضای هیئت علمی و دانشجویان دانشگاه پیام نور در سراسر کشور، در صورت ثبت نام با ایمیل دانشگاهی، تا پایان فروردین ماه 1403 به مقالات سایت دسترسی خواهند داشت!
In order to view content subscription is required

Personal subscription
Subscribe for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!