The effect of the characteristics of the board of directors on the accounting financial criteria

Document Type : Research Paper


1 Department of Accounting, Birjand Branch, Islamic Azad University, Birjand, Iran

2 Department of Accounting, East Tehran Branch, Islamic Azad University, Tehran, Iran


The purpose of this study is to the effect of the characteristics of the board of directors on the accounting financial criteria in the companies admitted on the Tehran Stock Exchange. In this research, the criteria of board ownership, board independence and board size were used to measure the characteristics of the board of directors. In terms of classification, the research is of an applied type and the research method is of a quantitative type. In order to examine the hypotheses of the research, the audited financial statements of the companies and the change reports of 148 companies admitted to the Tehran Stock Exchange during the period from 2013 to 2020 were used, and the required data were extracted and used the method of multivariate regression analysis and the use of the F-test of Limer, Hausman, Brosch-Godfrey and Brosch-Pagan was investigated with the help of R software. The results of the hypothesis test showed that there is a relationship between the characteristics of the board of directors, which were evaluated using the criteria of ownership of the board of directors, the independence of the board of directors, and the size of the board of directors, and the financial performance of companies, which was evaluated using accounting criteria. There is a positive and meaningful. As a result, despite the significant effect of the characteristics of the board of directors on the performance of companies, the need to pay attention to the characteristics of the board of directors is of great importance. Therefore, according to the findings of the research, the importance of more effective supervision of the board of directors on the activities of managers is confirmed, and as a result, the criteria of ownership of the board of directors, the independence of the board of directors and the size of the board of directors, which can improve the performance of companies and cause He paid attention to increasing the efficiency and effectiveness of the decisions of the board of directors in the company and increasing the value and reputation of the company.


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Volume 14, Issue 11
November 2023
Pages 91-100
  • Receive Date: 21 July 2022
  • Revise Date: 07 September 2022
  • Accept Date: 19 September 2022