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Manager Optimism Based on Environmental Uncertainty and Accounting Conservatism | ||
Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies) | ||
دوره 14، شماره 1، فروردین 2021، صفحه 61-86 اصل مقاله (766.12 K) | ||
نوع مقاله: Research Paper | ||
شناسه دیجیتال (DOI): 10.22059/ijms.2020.290260.673811 | ||
نویسنده | ||
Mohsen Rashidi* | ||
Assistant Professor in accounting, Faculty of Economics and Administrative Sciences, Lorestan University, Iran | ||
چکیده | ||
It is expected that more accounting conservation (environmental uncertainty) reduces manager optimism. Prior research, however, has struggled to establish this relation empirically. Moreover, some evidence points to the possibility that the manager optimism is lower for firms with more accounting conservation. In this paper, the author examine the link between accounting conservation, environmental uncertainty, and manager optimism, as well as the link between accounting conservation, manager optimism, and the cost of capital. First, it is established that more accounting conservation could lead to a decrease in manager optimism. Second, I tried to show that manager optimism changes the cost of capital in the accounting conservation quintile. Consistent with a negative relationship between accounting conservation and manager optimism, and with the dominating effect of managers' optimism , the article documented a positive association between managers' optimism and the cost of capital for firms whose shares trade in low accounting conservation. | ||
کلیدواژهها | ||
Environmental uncertainty؛ Accounting conservatism؛ Manager optimism | ||
عنوان مقاله [English] | ||
بررسی خوشبینی مدیران برمبنای عدم اطمینان محیطی و محافظهکاری حسابداری | ||
نویسندگان [English] | ||
محسن رشیدی | ||
استادیار ، حسابداری، دانشکده علوم اقتصادی و اداری دانشگاه لرستان، خرم آباد، ایران | ||
چکیده [English] | ||
انتظار بر این است که افزایش محافظهکاری حسابداری (عدم اطمینان محیطی)، باعث کاهش خوش بینی مدیر شود. تحقیقات پیشین تلاشهایی در جهت ایجاد این رابطه از نظر تجربی داشتهاند، با این حال، برخی شواهد اشاره به محدود بودن خوشبینی مدیر در شرکتهایی با محافظهکاری حسابداری بالا دارد. در این پژوهش، رابطه بین محافظه کاری حسابداری، عدم اطمینان محیطی و خوش بینی مدیر و ارتباط بین محافظهکاری حسابداری ، خوشبینی مدیر و هزینه سرمایه را بررسی میکنیم. اول، مشخص شد که محافظهکاری بیشتر حسابداری میتواند منجر به کاهش خوشبینی مدیر شود. دوم، تلاش شد که نشان دهیم خوشبینی مدیر با توجه به کوانتیل های ارایه شده، منجر به تغییر هزینه سرمایه میشود. مطابق با ارتباط منفی بین محافظهکاری حسابداری و خوشبینی مدیر و با توجه به اثر غالب خوش بینی مدیر، ارتباط مثبت بین خوش بینی مدیران و هزینه سرمایه برای شرکتهایی که سهام آنها در محیطهای با محافظهکاری حسابداری محدود معامله می کند، اثبات شده است. | ||
کلیدواژهها [English] | ||
عدم اطمینان محیطی, محافظهکاری حسابداری, خوش بینی مدیر | ||
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