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Information Journal Paper

Title

Studying the Moderating Role of Financial Biases on Relationship between Financial Managers Individual Properties and Companies Circumstances on Financial Performance of Accepted Companies in Tehran Sock Exchange

Pages

  123-137

Abstract

 Behavioral biases can disturb the process of managers’ decision making and tend to under estimate results. Therefore, in this research the effect of financial manager's individual characteristics and companies’ circumstances on Financial Performance of listed companies in Tehran stock exchange is studied trough the moderating role of Financial Biases. In this study statistical population included of financial managers of listed companies in Tehran stock exchange. Also, for determining sample volume and sampling method, the Cochran's formula (421 persons) and available method is used. For data analyzing the Structural Equation Modeling with partial least squares (PLS) method is applied. Results indicate that financial manager's individual characteristics have positive significant effect on companies' Financial Performance. Also, company’ s circumstances have positive significant effect on companies' Financial Performance. Furthermore, entering Financial Biases as the moderating variable reduces the positive effect of financial manager's Individual Properties and Companies' Circumstances on companies' Financial Performance. Finally according to the inverse significant effect of behavioral biases of financial managers on Financial Performance of companies, adjusting the behavioral biases by consult with experts and participate in short run and long run training programs, suggested to financial managers.

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  • Cite

    APA: Copy

    Moradi, Raheleh, Ahmadi, Faegh, KORDLOUEI, HAMIDREZA, & Asadnia, Jahanbakhsh. (2021). Studying the Moderating Role of Financial Biases on Relationship between Financial Managers Individual Properties and Companies Circumstances on Financial Performance of Accepted Companies in Tehran Sock Exchange. JOURNAL OF FINANCIAL AND BEHAVIORAL RESEARCHES IN ACCOUNTING, 1(2 (2) ), 123-137. SID. https://sid.ir/paper/952135/en

    Vancouver: Copy

    Moradi Raheleh, Ahmadi Faegh, KORDLOUEI HAMIDREZA, Asadnia Jahanbakhsh. Studying the Moderating Role of Financial Biases on Relationship between Financial Managers Individual Properties and Companies Circumstances on Financial Performance of Accepted Companies in Tehran Sock Exchange. JOURNAL OF FINANCIAL AND BEHAVIORAL RESEARCHES IN ACCOUNTING[Internet]. 2021;1(2 (2) ):123-137. Available from: https://sid.ir/paper/952135/en

    IEEE: Copy

    Raheleh Moradi, Faegh Ahmadi, HAMIDREZA KORDLOUEI, and Jahanbakhsh Asadnia, “Studying the Moderating Role of Financial Biases on Relationship between Financial Managers Individual Properties and Companies Circumstances on Financial Performance of Accepted Companies in Tehran Sock Exchange,” JOURNAL OF FINANCIAL AND BEHAVIORAL RESEARCHES IN ACCOUNTING, vol. 1, no. 2 (2) , pp. 123–137, 2021, [Online]. Available: https://sid.ir/paper/952135/en

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