تعداد نشریات | 25 |
تعداد شمارهها | 932 |
تعداد مقالات | 7,666 |
تعداد مشاهده مقاله | 12,512,513 |
تعداد دریافت فایل اصل مقاله | 8,895,379 |
تاثیر صفات سه گانه تاریک شخصیت مدیران ارشد مالی برانجام تعهدات سازمانی درشرکتهای پذیرفتهشده بورس اوراق بهادار تهران | ||
راهبرد مدیریت مالی | ||
مقاله 9، دوره 12، شماره 4 - شماره پیاپی 47، دی 1403، صفحه 225-258 اصل مقاله (624.79 K) | ||
نوع مقاله: مقاله پژوهشی | ||
شناسه دیجیتال (DOI): 10.22051/jfm.2024.47354.2927 | ||
نویسندگان | ||
زینب علیزاده صومعه* 1؛ مرضیه ابراهیمی شقاقی2؛ حسین اسلامی مفیدآبادی2 | ||
1کارشناسی ارشد مدیریت مالی، گروه حسابداری و مدیریت، واحد شهریار، دانشگاه آزاد اسلامی، شهریار، ایران | ||
2گروه حسابداری و مدیریت، واحد شهریار، دانشگاه آزاد اسلامی، شهریار، ایران. | ||
چکیده | ||
پژوهش حاضر به بررسی رابطه بین سرعت دستیابی به اهرم مالی بهینه بر کنترل بحران مالی شرکتها با تاکید بر اثر تعدیل کنندگی توانایی مدیران پرداخته است. به منظور سنجش فرضیههای پژوهش از دادههای پنل 124 شرکت پذیرفته شده در بورس اوراق بهادار در بازهای 10ساله (سالهای 1392تا1401) استفاده گردیده است. جمعآوری اطلاعات در این پژوهش، به روش کتابخانهای انجام گرفته و دادههای مرتبط به متغیرها، از سایت جامع اطلاع رسانی ناشران و گزارشهای مالی شرکتهای نمونه جمع آوری شده و محاسبات اولیه پنل در اکسل انجام شده است، درنهایت از نرم افزار استاتا به منظور سنجش فرضیهها استفاده شده است. نتایج حاصل از آزمون فرضیه پژوهش نشان داد که سرعت دستیابی به اهرم مالی بهینه تأثیر معکوس بر بحران مالی شرکتها داشته است. همچنین، نتایج حاکی از آن است که تعامل سرعت تعدیل اهرم مالی با توانایی مدیران تأثیری بر بحران مالی شرکتها ندارد. | ||
کلیدواژهها | ||
صفات سهگانه تاریک؛ تعهد سازمانی؛ شخصیت؛ شفافیت نقش؛ در دسترس بودن منابع | ||
عنوان مقاله [English] | ||
Investigating the Role and Position of Multiple Personality Components on the Organizational Commitments of Senior Financial Managers in Companies Listed on the Tehran Stock Exchange | ||
نویسندگان [English] | ||
Zeinab Alizadeh Someeh1؛ Marzieh Ebrahimi Shaghaghi2؛ Hossein Eslami Mofid Abadi2 | ||
1Master's Student in Financial Management, Department of Accounting and Management, Shahryar Branch, Islamic Azad University, Shahryar, Iran. | ||
2Department of Accounting and Management, Shahryar Branch, Islamic Azad University, Shahryar, Iran | ||
چکیده [English] | ||
Senior managers play an essential role in organizations. They shape organizational strategy and culture, define missions including opportunities for new markets, and business models. Their commitment to the organization is critical to organizational performance, but research on the personality traits of top managers and their commitment to organizations is limited.Therefore, this research has been conducted with the aim of the role and position of multiple personality components in fulfilling the organizational obligations of senior financial managers in companies listed on the Tehran Stock Exchange. Where relying on self-affirmation theory, the implications of the "dark triad traits" of top managers (narcissism, psychopathy, and Machiavellianism) for their organizational commitment and the mediating role of role clarity and the moderating role of resource availability are examined. In this regard, In this research, the three-component conceptual model developed by Allen and Mayer (1990) has been used to distinguish affective, continuance and normative commitment. A research model was developed from the literature review and the three-component model developed by Allen and Mayer, and then it was developed using the structural equation method on a sample of 384 respondents from all activists, brokers, investors, experts. Seniors and specialists of the companies admitted to the Tehran Stock Exchange were evaluated. The results of this study show that psychosis has a significant effect on organizational normative commitment, narcissism an organizational normative commitment, and Machiavellian personality approach on emotional organizational commitment in companies listed to the Tehran Stock Exchange. Also, the availability of resources as a moderating variable has a significant effect on the relationship between multiple personality components of senior financial managers and organizational commitments in companies listed on the stock exchange. Finally, the results showed that the multiple personality components of senior financial managers have a significant effect on the transparency of the role in the companies. | ||
کلیدواژهها [English] | ||
Dark Triad, Organizational Commitment, Personality, Role Transparency, Availability of Resource | ||
مراجع | ||
Abbaszadeh, M., Lari Dastebayaz, M., & Pouryousof, A. (2022). "More Corporate Social Responsibility, Less Leverage Adjustment Speed: a Fact? ". Financial Management Strategy, 10(4), 103-124. (in Persian)
Adenugba A. A., Ige A. A., Kesinro O. R. (2016). "Financial leverage and firms’ value: A study of selected firms in Nigeria". European Journal of Research and Reflection in Management Sciences, 4(1), 14.
Altman, E.I., (1968). "Financial ratios, discriminant analysis and the Prediction of corporate bankruptcy". The Journal of Finance, 23 (4), 589-609.
Altman, E.I. (1984). "A Further Empirical Investigation of the Bankruptcy Cost Question". The Journal of Finance,39(4), 1067-1089.
Arab, R., Hosseini, S. Z., & Gholamrezapoor, M. (2021). "An Investigation into the Relationship between CEO Power and Corporate Financial Leverage". Financial Management Strategy, 9(3), 123-140. .(in Persian)
Arhinful, R., & Radmehr, M. (2023), "The effect of financial leverage on financial performance: evidence from non-financial institutions listed on the Tokyo stock market", Journal of Capital Markets Studies,7(1),53-71. https://doi.org/10.1108/JCMS-10-2022-0038
Arikawa, Y., & Hoang, H.N. (2022). "Capital Structure Adjustment in Emerging Markets: Evidence from Vietnam". Available at SSRN: https://ssrn.com/ abstract= 4009437 or http://dx.doi.org/10.2139/ssrn.4009437.
Amiri, A., & Saeedi, P. (2021). "Examining the Relation of Financial Crisis, Life Cycle, and Asset and Financial Restructuring Strategies of Companies with Financial Crisis". Financial Management Strategy, 9(4), 175-190. (in Persian)
Ashtab, A., Haghighat, H., & Kordestani, G. R. (2018). "Investigating the Relationship between Predicted Financial Distress and Earnings management Approaches Based on Structural Equations". Financial Research Journal, 20(4), 467-488. (in Persian)
Asadi, G; Bayat, M; & Naqdi, S. (2013). "Financial and non-financial factors affecting decisions related to capital structure". Experimental accounting research. 4(4), 187-203. (in Persian)
Asadi, Gholamhossein; Tajweedi, Elnaz; Ismailpour, Sohail. (2021). "Investigating the relationship between financial status and industry characteristifcs with capital structure adjustment speed". Investment Knowledge, 10(37), 1-21. (in Persian)
Bandawaty, E. (2023) "The Effect of Financial Performance on The Speed Adjustment of Capital Structure in Times of Crisis”. Journal of Survey in Fisheries Sciences.10(4S), 33-53. DOI: https://doi.org/10.17762/sfs.v10i4S.653.
Cole A. (2017). "Interest deductibility: Issues and reforms". Tax Foundation Fiscal Fact 548.
Demerjian, P.R. Lev, B., Lewis, M.F., & McVay, S.E. (2013). Managerial ability and earnings quality. The Accounting Review. Rev. 88 (2), 463–498.
Demiraj R., Demiraj E., & Dsouza S. (2023). "Impact of financial leverage on the performance of tourism firms in the Mena region". PressAcademia Procedia, 16(1), 156–161
Fallah Mahdidoust, Z., & Jahanshad, A. (2016). "The gap between actual and optimal leverage financial leverage due to risk of bankruptcy". Journal of Investment Knowledge, 5(19), 67-82. (in Persian)
Fan, J., Zhang, Y., & Liu, Q. (2013). "Internal control, auditor industry expertise, accrual and real earnings management". Account. Res. 4, 81-96.
Fama, E. F., French, K.R. )2002(."Testing trade-off and pecking order predictions about dividends and debt. Rev". Finance. Stud. 15, 1–33.
Flannery, M. J; & Rangan, K. P. (2006). "Partial Adjustment toward Target Capital Structures". Journal of Financial Economics, 79(3), 469-506
Haugen, R.A., & Senbet, L.W. (1988). "Bankruptcy and Agency Costs: Their Significance to the Theory of Optimal Capital Structure". The Journal of Financial and Quantitative Analysis, 23(1), 27-38
Iatridis, G., Kadorinis, G. (2009). "Earnings management and firm financial motives: a financial investigation of UK listed firms". Int. Rev. Fin. Anal. 18(4), 164-173.
Jermias, J., & Yigit, F. (2019). "Factors affecting leverage during a financial crisis: Evidence from Turkey", Borsa Istanbul Review, 19(2), 171-185, https://doi.org/10.1016/j.bir.2018.07.002.
Js Ramalho J., & da Silva J. V. (2009). "A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms". Quantitative Finance, 9(5), 621–636
Khodsaz, M; & Ranjbar, M.H. (2016). "The final leverage and its speed of adjustment in the life cycle of companies admitted to the Tehran Stock Exchange". Modern Management Engineering, 6(1), 65-76. (in Persian)
Khajovi, S; & Qadirian Arani, M. H. (2016). "The role of management ability in predicting the financial crisis". Journal of Financial Accounting Research. 9(4), 83-102. (in Persian)
Khajavi, S., Weysihesar, S., & Ghayouri Moghaddam, A. (2022). "Investigating the Impact of Managers’ Ability on Conservatism with a Focus on the Size and Leverage of Firms". Accounting and Auditing Review, 29(4), 628-649. (in Persian)
Kalash, I. (2023). "The financial leverage–financial performance relationship in the emerging market of Turkey: the role of financial distress risk and currency crisis". EuroMed Journal of Business, 18(1), 1-20. https://doi.org/10.1108/EMJB-04-2021-0056
Kordestani, G., Tatli, R., & Kosari Far, H. (2014). "The Evaluate ability of Altman adjusted Model to Prediction Stages of Financial Distress Newton and Bankruptcy". Journal of Investment Knowledge, 3. 83-100. (in Persian)
Li, Yuanhui, Xiao Li, Erwei Xiang, Hadrian Geri Djajadikerta. )2020). "Financial Distress, Internal Control, and Earnings Management: Evidencefrom China". Journal of Contemporary Accounting & Economics S1815-5669(20)30024-2.1- 48.
Moradi, M., & Parhishkar Melkabad, S.A. (2021). "Investigating the effect of inflation rate risk and company-specific risk on the speed of adjusting the company's capital structure: the method of generalized moments". Experimental Accounting Research, 11(29), 51-23. (in Persian)
Mousazadeh, Z., & Adli, M. (2009). "The Critera for Selecting and Appointing Managers Based on the Assumption of Merit as Stated by Nahjolbalagheh". Strategic Management Thought, 3(1), 103-132. (in Persian)
Naheed, R., Sarwar, B. & Naheed, R. (2021). "Managers ability and investment dynamics during the global financial crisis: an emerging market context". Journal of Chinese Economic and Foreign Trade Studies, 14)2(, 105-123.
Oino, I., & Ukaegbu, B. (2015). "The impact of profitability on capital structureand speed of adjustment: An empirical examination of selected firms inNigerian stock exchange", Research in International Business and finance, 9(35),111-121
Ozkan, A. (2001). "Determinants of Capital Structure and Adjustment to Long-run Target: Evidence from UK Company Panel Data". Journal of Business Finance & Accounting, 28 (1-2), 175-198.
Öztekin, Ö. (2015). "Capital structure decisions around the world: Which factors are reliably important? ". Journal of Financial and Quantitative Analysis, 50(3), 301-323.
Ramesheh, M; Soleymani amiri, G., & Skandari, R. (2016). "Speed of Adjustment to Target Capital Structure based on Interaction between Trade-off and Pecking order Theories in TSE". Empirical Research in Accounting, 6(2), 161-186. (in Persian)
Rahmani Norouzabad, S; Anwari Rostami, S, Khalili, K; & Mohammadi, E. (2019). "Financing strategies of companies in normal and crisis conditions: Evidence from Tehran Stock Exchange". Scientific quarterly of asset management and financing, year (8), number (2), 13-30. (in Persian)
Rezaei, F; Firoz Alizadeh, A; & Noormohammadi, E. (2019). "The relationship between management ability and integrated risk management components". Financial accounting and audit research, number (48), 23-41. (in Persian)
Reinhart, C.M., & Rogoff, K.S. (2011). "This Time Is Different: Eight Centuries of Financial Folly". DOI:10.2307/j.ctvcm4gqx
Rikhardsson, P., Rohde, C., Christensen, L. & Batt, C.E. (2021), "Management controls and crisis: evidence from the banking sector", Accounting, Auditing & Accountability Journal, 34(4), 757-785. https://doi.org/10.1108/AAAJ-01-2020-4400.
Rostami, W; Mehravar, M; & Kargar, H. (2022). "The effect of risk management on the speed of adjustment of financial leverage in the life cycle stages of companies". Advances in accounting, Shiraz University. 14(1), 59-88. (in Persian)
Saghafi, A., Alifamian, M. (2019). "Managerial Ability and Audit Fees: Role of Financial Distress". Empirical Research in Accounting, 9(3), 221-244. (in Persian)
Salehi, M; Rostami, W; & Kargar, H. (2023). "The effect of divergence of investors' opinions on the speed of adjustment of financial leverage towards optimal leverage". Advances in Accounting. 15(1), 209-226. (in Persian)
Sanghari, R., & Heydarpour, F. (2018). "The relationship between financing variables, the ratio of research and development cost to operating profit and the company's financial crisis". Investment knowledge magazine. 8(32), 195-216. (in Persian)
Soleymani, M., ArabMazar Yazdi, M., Shekarkhah, J., & Safarzadeh, M. H. (2023). "Anticipation of Financial Crisis in Banks by Structural Equations Model". Financial Management Strategy, 11(2), 1-28. (in Persian)
Titman, S. (1984). "The Effect of Capital Structure on a Firm’s Liquidation Decision". Journal of Financial Economics, 13, 137-151.
Trung K.DoaHenry HongrenHuangbPumanOuyangc. (2022) .Product market threats and leverage adjustments. Journal of Banking & Finance.10(135). 101-112.
Valizadeh Larijani, A., & EzniAshari, H. (2016). "Capital structure and its adjustment speed in the company's life cycle and the role of profitability. Financial Management Strategy Quarterly, 5(4), pp. 62-69. (in Persian)
Voa M., & Thai, A. (2022). "The impact of Covid-19 economic crisis on the speed of adjustment toward target leverage ratio: An international analysis. Finance Research Letters. 8(45),183-197.
Wille, D., Hoffer, A., & Miller, S. M. (2017). "Small-Business financing after the financial crisis – lessons from the literature". Journal of Entrepreneurship and Public Policy, 6 (3), 315-339. Doi.org/10.1108/ JEPP-D-17- 00005.
Zamani Sabzi, M; Saidi, A., & Hosni, M. (2019). "The speed of adjustment of the capital structure and the effect of boom and recession on it". Financial Research, 22(2), 160-181. (in Persian)
zakeri, T., anvarkhatibi, S., & pourkarim, M. (2022). "Relationship between earnings management and financial crisis with emphasis on management ability". Journal of Accounting and Management Vision, 5(65), 113-128. (in Persian) | ||
آمار تعداد مشاهده مقاله: 96 تعداد دریافت فایل اصل مقاله: 10 |