Governance impact of leadership structures on the control rights transferred in the capital restructuring

In this study We document 376 listed companies of control rights transferred over five-year period 2001-2006.Results indicate a significant effect but in a direction opposite to that expected. For listed companies of control rights transferred, the relation between leadership structure and corporate performance was adjusted significantly by surroundings variables and though control rights transferred wasn't affected. On the while, leadership structure dummy and corporate performance were significant linear correlation. Therefore, dual leadership structures were beneficial to control rights transferred and were positive correlation with corporate performance. But in the different categories, influence between leadership structure and corporate performance was different. In general, dual leadership condition had the significant influence on corporate performance and had no: significant effect on the control rights transferred. The study is significant because it supports the need to consider personality and environmental factors in control rights transferred together.