Investigating the relationship between ownership structure, board composition, and company performance: An extensive overview of companies in the textile industry in Iran

The present study examines the relationship between the composition of the board of directors, ownership structure, and company performance in companies that are members of the Iranian capital market. This research has been investigated in a statistical sample of 113 companies from the member companies of Iran's capital market between 2011 and 2021. The results of this research have been analysed by the panel analysis method which we use two internal and external criteria to examine the company's performance. Thus the results show that there is a correlation between the proportion of foreign directors on the board of directors and the concentration of ownership with the company's internal performance criteria. Also, another result of this research is that there is a relationship between the proportion of foreign directors on the board of directors and the concentration of ownership with the external measure of the company's performance. Moreover, this research paper analyses companies in the textile industry in Iran during the sample period.