The Effect of Managers' Compensation on the Taking Risk of Companies Listed on the Tehran Stock Exchange

The present study was conducted to investigate the effect of managers 'rewards on companies' taking risk behavior in the stock market. To achieve this purpose, the variable of taking risk behavior through fluctuations in stock returns has been measured. The research method is also descriptive-applied. The statistical population of this research also includes companies listed on the Tehran Stock Exchange. For this purpose, financial information of 110 companies during the years 2011 to 2017 has been prepared by the method of combined data analysis, and has been analyzed using econometrics software (Eviews8). In general, the statistical results of the test of the hypotheses of the present study showed that in the period after the imposition of US sanctions against the Islamic Republic of Iran, managers' rewards have a significant direct relationship with firm taking risk behavior and increase it. In the other part, the results showed that the size of the company has a significant inverse effect on the taking risk behavior of companies; This is while the share of major shareholders of the company have a significant direct effect on company risk.