M.A. Thesis:

The Effect of Corporate Governance Standards on Turnover٫ Liquidity Ratio and Amihud Estimate (ILLIQ) as Stock Liquidity Indicators

This study investigated the relationship between "Corporate Governance Index" and "Stock Liquidity Index" in the Tehran Stock Exchange has taken place. Assumptions Effect Of Corporate Governance Standards With The Liquidity Index is tested. In this study, The Turnover, Liquidity Ratio and Amihud Estimate as the "dependent variables" and the other side of the Board Independence, Duality CEO, Ownership Management, The Audit Committee and Auditing Organization are as "independent variables". Also in the study of Firm Size, Financial Leverage, Collateral Assets, Return Volatility, Firm Age and Stock Prices were used as a control variables. The data consisted of 72 variables in the Tehran Stock Exchange, during the years 2009 to 2013 respectively. For data analysis and hypothesis testing, regression-based statistical method is used F Limer. The results showed a significant correlation between Corporate Governance Index (Board Independence, Duality CEO, Ownership Management, The Audit Committee and Auditing Organization) with two variables Turnover and Amihud Estimate. As well as the of Corporate Governance Index (Duality CEO) There was no significant correlation with the Liquidity Ratio. While the criteria of sovereignty Board Independence, Ownership Management, The Audit Committee and Auditing Organization and Liquidity Ratio, there is a significant relationship

Keywords: Corporate Governance, Stock Liquidity, Turnover, Liquidity Ratio,The Amihud Estimate