This study investigating the impact of growth opportunities on the relationship between CEO overconfidence and anomalous stock returns in companies that listed in the Tehran stock exchange. This research is objectively, applicable and through the method of collecting and analyzing in the field of descriptive, correlational. The statistic society population of this research includes the firms listed in the tehran stock exchange as 109 companies operating in various industries over the years 2012 to 2017. To measure CEO overconfidence variable of total asset growth residuals on estimated sales growth, and to measure the anomalous stock return variable, the difference between the return of the company and the expected return of the company. The test assumptions of this study are regular multiple regressions with and using the Eviews software version 9. According to the results of the mentioned test assumptions shows that: there is a significant relationship between CEO overconfidence and anomalous stock returns. Also growth opportunities had a significant impact on the relationship between CEO overconfidence and anomalous stock returns.
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