Document Type : Original Article
M.A. Student in Accounting, Higher Education Institute of Deylman, Lahijan, Iran
Associate Professor of Management, National and Industrial Research Organization, Rasht, Iran
With the formation of an agent relationship, there is a conflict of interest between managers and shareholders, managers may engage in opportunistic behaviours that are in their interests and against the interests of shareholders. Stock exchange companies have different ownership structures, and in recent years, corporate governance principles have influenced this ownership structure. The purpose of this study is to investigate the effect of ownership structure on the financial stability of companies listed on the Tehran Stock Exchange. The research method used is descriptive-survey and correlational. The statistical sample of the present study includes 156 companies listed on the Tehran Stock Exchange during the period 2012 to 2016. The sampling method of the present study is screening. The research data is collected by secondary studies and the resources used are the comprehensive database of the stock exchange organization. The results show that there is no meaningful relationship between different types of ownership including; corporate, institutional, managerial, governmental, and ownership concentration, with financial stability. Therefore, the findings indicate that the ownership structure does not affect financial stability.