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بررسی تأثیرکوته بینی مدیران برعملکرد مالی آتی شرکتهای پذیرفته شده در بورس اوراق بهادار تهران | ||
| حسابداری و منافع اجتماعی | ||
| مقاله 2، دوره 8، شماره 2 - شماره پیاپی 29، تیر 1397، صفحه 23-46 اصل مقاله (1.41 M) | ||
| نوع مقاله: مقاله پژوهشی | ||
| شناسه دیجیتال (DOI): 10.22051/ijar.2018.14229.1275 | ||
| نویسندگان | ||
| رضا تهرانی1؛ افسانه دلشاد* 2 | ||
| 1استاد تمام گروه مدیریت مالی، دانشکده مدیریت و حسابداری ، دانشگاه تهران ، تهران ، ایران | ||
| 2دانشجوی دکتری مدیریت صنعتی گرایش مالی، دانشکده مدیریت و حسابداری، دانشگاه تهران ، (پردیس بین الملل کیش) ، تهران ، ایران | ||
| چکیده | ||
| کوتهبینی شرحی از یک شکل سوگیری یا گرایش است که محدودیتی جدی و مهم برای توجه به گزینه‌ها و پیشنهادها در انتخاب و تصمیم‌گیری ایجاد می‌کند. تعریف عمومی اصطلاح کوتهبینی، عدم پیش‌بینی یا درک، دید محدود در مورد مسائل و دیدگاه سطحی در اندیشه و برنامهریزی است. با استفاده از روش نمونه‌گیری حذفی سیستماتیک تعداد 117شرکت در طی سالهای 1385الی1393 از بین شرکتهای پذیرفته شده بورس تهران انتخاب گردید. در این پژوهش معیار سنجش عملکرد نرخ بازده داراییها در سال بعد بر اساس دو معیار بازده غیرعادی اصلاح شده بر اساس بازده بازار و اندازه شرکت می‌باشد. همچنین شرکت‌هایی که مدیریت کوتهبین داشته‌اند، با داشتن عملکرد مثبت مالی و افزایش بازده داراییها، هزینههای بازاریابی و تحقیق و توسعه آن‌ها کاهش یافته است. نتایج پژوهش تأثیر مثبت و معنادار کوتهبینی مدیران بر عملکرد مالی آتی شرکتهای پذیرفته شده در بورس اوراق بهادار تهران را نشان می‌دهد. به بیان دیگر در صورت وجود کوتهبینی مدیران، عملکرد مالی آتی شرکتهای نمونه بهبود یافته است. | ||
| کلیدواژه‌ها | ||
| کوته بینی مدیران؛ سوگیری؛ عملکرد مالی آتی | ||
| عنوان مقاله [English] | ||
| Investigation of Managerial Myopia on Future Financial Performance in Companies Listed on Tehran Stock Exchange | ||
| نویسندگان [English] | ||
| Reza Tehrani1؛ Afsaneh Delshad2 | ||
| 1Professor. Of Financial Management, Faculty of Management and Accounting,Tehran University , Tehran , Iran | ||
| 2PhD student of Industrial management-financial trends, Faculty of Management and Accounting, Tehran University, , International Campus-kish Island(, Tehran, Iran | ||
| چکیده [English] | ||
| Myopia has been described as a form of bias or an orientation that restricts serious consideration of alternatives to decision-makers. Common definition of myopia is a lack of foresight or discernment; a narrow view of something and short-sightedness in thinking or planning. The 117 companies are selected by systematic elimination method from the companies listed in TSE during the years of 2006 to 2014. In this study, reaction of the capital market is measured based on two criteria abnormal returns is modified based on market returns and size of the company. Also we consider firms with myopic management when having positive future financial performance and increased return on assets, reduce marketing cost and R&D expenses. The research results show the positive and significant effect of managerial myopia on the future financial performance in companies listed in TSE. In other words, if the managerial myopia exists, the future financial performance will be improved. | ||
| کلیدواژه‌ها [English] | ||
| Bias, Future financial performance, Managerial myopia | ||
| مراجع | ||
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