عنوان مقاله [English]
The existing accounting literature on the relationship between corporate governance and firms’ performances has focused mainly on industrialized countries such as USA and European data. Thus, little knowledge exists on this issue about developing countries. This study investigates the roles of some corporate governance indices on a firm's performance in emerging economies. In this paper, we use board independence, board leadership, and institutional investors as corporate governance indices, and ROA, ROE, and EPS as firm's performance surrogates. For testing the hypotheses in this study, data from the Tehran Stock Exchange (TSE) companies for the 2005-2006 financial years were used. We found when there are more outside directors in the board, the firm performance is stronger. However, we find no relationship between leadership structure and Iranian firm performance. Besides, the presence of institutional investors in the board of directors cannot promote the firm performance.