جستجوی مقالات مرتبط با کلیدواژه « CEO power » در نشریات گروه « علوم انسانی »

The experimental investigation of the behavior of costs is one of the topics that has recently attracted the attention of many researchers. Since the expenses form an important part of the financial statements of the companies, therefore, proper understanding and awareness of it helps the managers in order to achieve the short-term and strategic goals of the company. The purpose of this research is to investigate the effect of CEO power and free cash flow on cost stickiness. The statistical population of the research companies admitted to Tehran Stock Exchange and the sampling method of systematic elimination and the studied sample includes 140 admitted companies during the years 1397 to 1401. The research method is descriptive-survey and correlational in terms of communication, applied in terms of purpose and post-event in terms of occurrence. Regression method, panel data and fixed effects model were used to process and test the hypotheses. The results obtained from the analysis of the hypotheses showed that the power of the CEO has a positive and significant effect on the stickiness and the free cash flow has a positive and significant effect on the stickiness of the cost.

The present study investigates the effect of the CEO's power on economic added value with an emphasis on corporate governance. This research is practical from the point of view of purpose, and from the point of view of correlation methodology, it is causal type (post-event). The statistical population of the research is the companies admitted to the Tehran Stock Exchange, and using the systematic elimination sampling method, 130 companies were selected as the research sample in the 6-year period between 1396 and 1401. The method used to collect information is a library, and Stata software was used to test the research hypotheses. The results of the research show that the CEO's power has a direct effect on economic added value. However, corporate governance does not affect the relationship between CEO power and added economic value.

The purpose of the current research is to explain and interpret the role of the moderator of economic uncertainty in the effect between market performance and the power of the CEO, consisting of 74 companies listed in the Tehran Stock Exchange in the time horizon of 1402-1398 (a period of 5 years) using It was investigated from multivariate linear regression with panel data. The research method in this research is applied in terms of purpose and descriptive correlation type in terms of method. The data needed to test the hypotheses have been used from the financial statements and notes of the financial statements of the member companies of the Tehran Stock Exchange, and then the initial processing was done on them by Excel software, and for the final analysis of the data, the econometric software Eviuz and Stata were used. . The results show that between There is a positive and significant relationship between the CEO's power on market performance, and there is a negative and meaningful relationship between the CEO's power and economic uncertainty.

Annual financial and non-financial reports play a crucial role in enhancing public understanding and facilitating communication with stakeholders. Organizations employ various strategies, including managing the tone and readability of their reports, to shape perceptions among their audience and shareholders. These efforts aim to encourage desirable performance and present a positive image of the organization's performance. Therefore, this study aims to investigate the impact of CEO power on financial reporting readability, considering the moderating role of profitability and corporate governance.
This study employs an applied approach with an inductive methodology. Multiple regression analysis using panel data is utilized to examine the research hypotheses. In this research, necessary theoretical information in the field of research was collected using a comprehensive literature review. Then, the necessary information for model estimation was collected. Accordingly, the sample comprises data from 82 companies listed on the Tehran Stock Exchange spanning the years 2011 to 2021, covering 11 years.
The results of the first hypothesis of the research indicate that the power of the CEO has a significant negative effect on financial reporting readability. Additionally, the results of the second hypothesis showed that firm profitability exacerbates the adverse impact of CEO power on financial reporting readability. Furthermore, the results of the third hypothesis indicate that corporate governance, as a moderating factor, does not significantly influence the relationship between CEO power and financial reporting readability.
Based on the Agency Theory and the Emotional Management Theory, the first hypothesis posits that powerful managers have personal interests and tend to disclose less, manipulated, or ambiguous information. The results of the second hypothesis also indicate that when firms perform significantly weaker than their peers in terms of profitability, management seeks to impair the analytical and processing abilities of users by using unstructured and disorderly textual narratives in annual reports, increasing the volume of pages, disclosing in footnotes, and using ambiguous sentences and words. Also, the results of the third hypothesis show that corporate governance cannot limit the negative impact of powerful CEO's motivations to manipulate the readability of corporate financial reports. These findings highlight the adverse impact of CEO power on financial reporting readability. It is anticipated that these insights will aid policymakers, including the Tehran Stock Exchange, in gaining a deeper understanding of CEOs' influence on financial reporting clarity. This understanding may prompt firms to adhere to guidelines, such as those implemented by the US Securities and Exchange Commission. These guidelines evaluate annual reports based on readability, aiming to control and mitigate opportunistic managerial behavior. Additionally, ranking annual reports based on readability can enhance corporate disclosure and transparency efforts.

This research has investigated the relationship between gender diversity of managers and financial leverage, considering the moderating role of the CEO's power in the capital market (Tehran Stock Exchange). In this research, relying on the existing theories, the answer to this question was investigated whether the influence of female managers on the leverage of the company is moderated by the power of the CEO or not. Advanced research, by testing the efficiency of scientific topics and developing applied knowledge about the correlation between variables in order to adapt to the previous theoretical literature, from the aspect of the applied goal, from the aspect of the quantitative research process, from the aspect of the method of collecting and analyzing information. Descriptive correlation and logically, it is an inductive research. In order to test the hypotheses in the research models, the information of the companies accepted in the Tehran Stock Exchange during the period 1390 to 1399 was used for the main purpose of the research. The information of 143 companies was collected, processed and analyzed by appropriate descriptive statistics methods and inferential statistical methods to identify the type of composite data and using R statistical software. The results showed that there is a significant relationship between the gender ratio of managers and the financial leverage of the company. There is a significant relationship between the existence of female gender among the managers and the financial leverage of the company. CEO power does not moderate the relationship between managers' gender ratio and firm's financial leverage. The power of the CEO does not moderate the relationship between the presence of female gender among managers and the company's financial leverage.

The aim of this study is to investigate the effect of CEO Power on Corporate Risk Taking using the Generalized Method of Moments (GMM of listed Companies in Tehran Stock Exchange. These Three dimensions Corporate Risk Taking in our tests :( Total Risk, Idiosyncratic Risk and Systematic Risk). For this purpose one hypotheses are developed and data on the 108 companies in Tehran Stock Exchange for the period of 1389 to 1396 were analyzed. This regression model using panel data with fixed effects approach and Generalized Method of Moments (GMM), reviews and tests. The results showed that CEO Power has significantly negative impact on Corporate Risk Taking (Total Risk, Idiosyncratic Risk and Systematic Risk). Therefore, the research results indicate that the CEO power reduces Corporate Risk Taking.

Considering the impact of CEO Power on a bank’s performance, CEOs can play a role in social responsibility and earnings management. Since earnings management in banks can have various effects on other industries and the economy overall, banks tend to practice earnings management more than non-financial organizations. Moreover, due to lack of transparency and information asymmetry, banks are required to answer to the society than other industries. Therefore, the current research studies the impact of CEO Power on the relationship between social responsibility and earnings management in banks. The research sample includes 16 banks enlisted in the Tehran Stock Exchange Market and Iran OTC between 2016 to 2021 to test the research hypothesis. The findings of the research hypothesis indicate that social responsibility has a significant negative impact on earnings management in banks, which means that increase in social responsibility may lead to decrease in information asymmetry and decrease in lack of transparency, and as a result decrease in earnings management. Also, the findings of the research showed that the CEO power does not play a role in adjusting the relationship between social responsibility and earnings management in banks.

The main purpose of this study is to investigate the effect of corporate governance on the relationship between CEO power and capital structure decisions in listed companies in Tehran Stock Exchange. For this purpose, principal component analysis method was used to measure CEO power. The research hypotheses were tested on the 106 companies over a period of 8 years from 2011 to 2018 using multivariate regression models and panel data alignment. The results of linear models of research show that there is a negative and significant relationship between CEO power and book value leverage. The results of nonlinear models indicate that there is a significant nonlinear (U-shaped) relationship between CEO power and short-term leverage. Also, there is a significant nonlinear (U inverse) relationship between CEO power and long-term leverage. The results of the study of the effect of institutional shareholders on the relationship between CEO power and capital structure decisions indicate that institutional shareholders have a negative and significant moderating effect on the positive linear relationship between CEO power with book value leverage and short-term leverage. Also, institutional shareholders cause the nonlinear relationship between CEO power with market value leverage and short-term leverage to be change from inverted U to U-shaped. In the case of long-term leverage, the results also show that institutional shareholders cause the negative relationship between high power of the CEO and long-term leverage may be positively changed.

The aim of this study is to investigate the effect of CEO Power on Financial Reporting Quality of listed Companies in Tehran Stock Exchange. These two dimensions Financial Reporting Quality in our tests: Financial Statement Restatement (Included in three forms (Financial Statement Restatement, Restatement increase and Revised downward (and Altman Modified Model. For this purpose one hypotheses are developed and data on the 103 companies in Tehran Stock Exchange for the period of 1390 to 1396 were analyzed. This regression model using panel data with Logit model and tests. The results showed that the concentration CEO Power has significant Negative impact on Financial Reporting Quality ((Financial Statement Restatement, Restatement increase, Revised downward and Altman Modified Model). Therefore, the research results indicate that the Powerful executives have more independence and you have more supervisory roles on the board this reduces the disadvantages of stakeholder rights and reduce the agency costs , and thus reduce agency costs reduce information asymmetry and reduce the opacity in financial and thus reduce earnings management and reporting fraudulent.

This study aims to investigate the effect of CEO power on accrual-based earnings management and real earnings management of listed companies in the Tehran Stock Exchange. These three dimensions of real earnings management in our tests are abnormal discretionary expenses, abnormal production costs, and abnormal cash flow from operations. For this purpose, data related to 108 companies from 2010 to 2020 were analyzed. The regression model of the research has been examined and tested using the panel data approach and panel data with a fixed-effects approach. The results showed that CEO power has a significant negative impact on accrual-based earnings management. Also, the results showed that the concentration of CEO power has a significant negative impact on real earnings management (abnormal discretionary expenses, abnormal production cost, and abnormal cash flows from operations). Therefore, the research results indicate that powerful executives have more independence and more supervisory roles on the board which reduces the disadvantages of stakeholder rights and reduces the agency costs. Reducing agency costs reduce information asymmetry and reduce opacity in finances and thus indicates earnings management.

the main purpose of this study is to investigate the effect of CEO power on tax avoidance by considering the moderating role of audit committee quality in companies listed on the Tehran Stock Exchange. In this study, we calculate the CEO power index using CEO's membership in the board, long-term tenure, share ownership and composition of the board. Also, the audit committee quality was measured by indicators of size, financial expertise, independence and gender diversity. The statistical sample of the research includes 191 member companies of Tehran Stock Exchange during the years 2013 to 2020. The results suggest that the CEO power has a negative and significant effect on tax avoidance. In other words, tax avoidance is lower in firms with powerful CEOs than in other firms. the results of the study indicate that the quality of the audit committee does not have a significant effect on the relationship between CEO power and tax avoidance. For the first time, this study provides evidence related to CEO power and tax avoidance in corporate markets and contributes to expanding the literature in this field. In addition, the evidence of this study is suitable for observers and policy makers in Iran and gives them a positive sign regarding recommending or requiring an audit committee in the board of directors.

Maximizing the value of the company requires making the right investment decisions and any striving for value creation and optimal use of investment opportunities is influenced by the behavioral aspects and individual characteristics of the CEO. The present study investigates the effect of narcissism and CEO power on firm's investment efficiency and consistent earnings growth. Accordingly, 110 companies listed in Tehran Stock Exchange were selected by random sampling method and multivariate regression method was used for the period 2012-2019. This research is applied in terms of purpose and using the post-event approach. The results showed that narcissism had a significant positive and negative effect on firm's investment efficiency and consistent earnings growth, with a significance level of 0/006 and 0/111, respectively. Also, CEO power has a significant positive effect on investment efficiency and consistent earnings growth with a significant level of 0/001 and 0/002, respectively. This result reflects the opportunistic behavior of managers in pursuit of personal benefits and increased agency costs, which requires more monitoring of the behavioral characteristics of managers.

Corporate social responsibility is related to the company's responsibility to society, people and the environment in which it operates, which goes beyond economic and financial benefits. Corporate social responsibility can be considered as activities that promote profit, social benefit and even beyond the interests of the organization, which has also been considered in the field of law. Therefore, the purpose of this study is to investigate the relationship between CEO power and social responsibility with the moderating role of stakeholder influence in companies listed on the Tehran Stock Exchange. To test the research hypotheses, the financial information of companies listed on the Tehran Stock Exchange between 2015 and 2019 has been used, so that after applying the restrictions in this study, the final sample consisting of 172 companies was selected after measuring the research variables. Multivariate linear regression analysis was used to test the research hypotheses. The hypotheses of research are also tested using Eviews econometric software and statistical techniques and panel data. Generaly, the results of research statistical tests show that there is a positive and significant relationship between CEO power and corporate social responsibility. Also, the results showed that stakeholder influence intensifies the relationship between CEO power and disclosure of social responsibility.

The purpose of this study is to investigate the effect of CEO power, political communication and social responsibility on the sensitivity of investing in cash in companies listed on the Tehran Stock Exchange. To determine the extent of political communication, two criteria have been used, including government ownership and taxes paid. For this purpose, three (3) hypotheses have been developed to study this issue and the data related to 104 member companies of Tehran Stock Exchange for the period between 1390 and 1397 have been analyzed. The research regression model has been investigated and tested using a combined data method with an integrated approach. The results show that the power of the CEO has a negative and significant effect on the sensitivity of investing in cash, the criteria of political communication have a negative and significant effect on the sensitivity of investing in cash and social responsibility has a negative and significant effect on It has the sensitivity of investing in cash.

Power, as one of the characteristics of CEO, can play a significant role in corporate decisions about financial reporting. If CEO use power in line with their interests, their power will be problematic and affect the audit time of the company. Thus, the present study aimed to investigate the effect of CEO power on audit report lag using Hansen's threshold regression approach. The research sample included 150 companies listed on the Tehran Stock Exchange during 2011-2018. This study was applied and the research hypothesis was tested using the threshold regression analysis. The results of testing the research hypothesis indicated that the CEO power has a negative effect on audit report lag in the companies where the CEO power is lower than the threshold limit while the power of CEO has a positive effect on audit report lag in the companies where the CEO power is higher than the threshold limit.

With the advent of the knowledge economy, physical assets have given way to human capital as an important strategic resource for companies. The company's workforce is considered to be one of the most important intangible resources and assets of the company that have a direct impact on the process of value creation for the company. On the other hand, managers, especially CEOs, play an important role in running a company. Therefore, the present study investigates the relationship between CEO power and firm labor productivity.

A sample of 104 firms listed in Tehran Stock Exchange during 2011-2018 was selected and the research hypotheses were tested using multivariate regression models based on panel data technique.

The results of this study showed a positive relationship between CEO power and labor productivity. In other words, according to tournament theory, firms with stronger CEOs are associated with increased labor productivity. The results also showed that CEO power is positively correlated with labor efficiency and negatively related to labor cost, meaning that more powerful CEOs increase labor efficiency and reduce labor costs. In addition, the results of supplementary analysis showed that the research results are not sensitive to changes in estimation methods and are robust.

According to tournament theory, strong CEOs are recognized as the best workforce and receive more rewards for their performance than other employees. Therefore, a significant difference in the amount of payment can motivate the lower-level workforce and help them in their efforts and better performance to obtain career advancement, and this will increase the productivity of the company's workforce.

The main purpose of this study is to investigate the relationship between CEO power, audit quality and financial performance evaluation criteria in listed companies in Tehran Stock Exchange. To measure the CEOchr('39')s power, a combination of the CEOchr('39')s duality criteria, CEO tenure and CEO ownership percentile was used and to measure the quality of audit, the audit fee criterion was used. Market value added, economic added value and growth opportunities have also been used to evaluate corporate financial performance. The research hypotheses were tested on the basis of statistical sample of 77 companies over a 10-year period from 2009 to 2018 using multivariate regression models and panel data alignment. The results show that there is a negative significant relationship between CEO power and economic value added and growth opportunities (ratio of equity market value to book value of equity). Also, there is a negative significant relationship between audit fees and economic value added and there is a positive and significant relationship between audit fees and growth opportunities. Finally, CEO power has a positive and significant moderating effect on the relationship between audit fees with economic value added and growth opportunities (the ratio of market value of equity to book value of equity).

The aim of this study is to investigate the effect of Cost Stickiness on Firms Value Creation with emphasis on moderating role of CEO Power in firms listed on the Tehran Stock Exchange. For this purpose for hypotheses are developed and data on the 108 companies in Tehran Stock Exchange for the period of 1389 to 1396 were analyzed. This regression model using panel data with fixed effects approach and Random effects approach, reviews and tests. The results showed that the concentration Cost Stickiness has significant negative impact Firms Value Creation. Also the results showed that the concentration CEO Power has significant negative impact Cost Stickiness and significant positive impact Firms Value Creation. Moreover, the results showed that the concentration of CEO Power has significant positive impact the relationship between Cost Stickiness and Firms Value Creation.