The overconfidence effect of management and systematic risk on investors' perceptions
The purpose of this study is to investigate the effect of management mistrust and systematic risk on investors' perceptions. The method of the present study was empirical in terms of purpose and regression analysis in terms of method. The statistical population of this study includes all compan...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Rasht: Javad Deljoo Shahir
2019-09-01
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| Series: | New Applied Studies in Management, Economics & Accounting |
| Subjects: | |
| Online Access: | https://www.nasme-journal.ir/article_181205_d41d8cd98f00b204e9800998ecf8427e.pdf |
| _version_ | 1827164840497512448 |
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| author | Alireza Kalhor Hoda Hemmati |
| author_facet | Alireza Kalhor Hoda Hemmati |
| author_sort | Alireza Kalhor |
| collection | DOAJ |
| description | The purpose of this study is to investigate the effect of management mistrust and systematic risk on investors' perceptions. The method of the present study was empirical in terms of purpose and regression analysis in terms of method. The statistical population of this study includes all companies listed on the Tehran Stock Exchange, and screening method was used to select the sample. The sample of 118 companies listed on the Tehran Stock Exchange during the period between 2012 and 2017 were considered in this study. The data required to test the research hypotheses were extracted from the annual financial statements of companies (Codal site) and the website of the Stock Exchange Organization. Relevant hypotheses were tested by multivariate panel regression method. The results showed that management overconfidence has a positive and significant effect on investors' perceptions. The results also showed a positive and significant relationship between systematic risk and investor perception. |
| first_indexed | 2024-03-11T12:03:35Z |
| format | Article |
| id | doaj.art-5d39de0fa5f140a5b6a898faa63f27fe |
| institution | Directory Open Access Journal |
| issn | 2783-3119 |
| language | English |
| last_indexed | 2025-03-21T01:23:00Z |
| publishDate | 2019-09-01 |
| publisher | Rasht: Javad Deljoo Shahir |
| record_format | Article |
| series | New Applied Studies in Management, Economics & Accounting |
| spelling | doaj.art-5d39de0fa5f140a5b6a898faa63f27fe2024-08-03T02:07:50ZengRasht: Javad Deljoo ShahirNew Applied Studies in Management, Economics & Accounting2783-31192019-09-0123536710.22034/nasmea.2019.181205181205The overconfidence effect of management and systematic risk on investors' perceptionsAlireza Kalhor0Hoda Hemmati1M.A. in Accounting, Accounting Department, Islamic Azad University, Roudhen Branch, IranAssistant Professor, Accounting Department, Islamic Azad University, Roudhen Branch, IranThe purpose of this study is to investigate the effect of management mistrust and systematic risk on investors' perceptions. The method of the present study was empirical in terms of purpose and regression analysis in terms of method. The statistical population of this study includes all companies listed on the Tehran Stock Exchange, and screening method was used to select the sample. The sample of 118 companies listed on the Tehran Stock Exchange during the period between 2012 and 2017 were considered in this study. The data required to test the research hypotheses were extracted from the annual financial statements of companies (Codal site) and the website of the Stock Exchange Organization. Relevant hypotheses were tested by multivariate panel regression method. The results showed that management overconfidence has a positive and significant effect on investors' perceptions. The results also showed a positive and significant relationship between systematic risk and investor perception.https://www.nasme-journal.ir/article_181205_d41d8cd98f00b204e9800998ecf8427e.pdfmanagement overconfidenceinvestor perceptioncapital costsystematic risk |
| spellingShingle | Alireza Kalhor Hoda Hemmati The overconfidence effect of management and systematic risk on investors' perceptions New Applied Studies in Management, Economics & Accounting management overconfidence investor perception capital cost systematic risk |
| title | The overconfidence effect of management and systematic risk on investors' perceptions |
| title_full | The overconfidence effect of management and systematic risk on investors' perceptions |
| title_fullStr | The overconfidence effect of management and systematic risk on investors' perceptions |
| title_full_unstemmed | The overconfidence effect of management and systematic risk on investors' perceptions |
| title_short | The overconfidence effect of management and systematic risk on investors' perceptions |
| title_sort | overconfidence effect of management and systematic risk on investors perceptions |
| topic | management overconfidence investor perception capital cost systematic risk |
| url | https://www.nasme-journal.ir/article_181205_d41d8cd98f00b204e9800998ecf8427e.pdf |
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