The relationship between board errors and the value of cash assets of companies listed on the Tehran Stock Exchange

In agency relations, the goal of the owners is to maximize wealth and therefore in order to achieve this goal, they monitor the agent's work and evaluate his performance. In this study, the relationship between board errors and the value of the company's cash assets The securities listed on the Tehran Stock Exchange have been examined. This research is in the field of positive accounting research and based on real information in terms of quasi-experimental and post-event research methods. The statistical population of the research is the companies listed on the Tehran Stock Exchange. In order to test the research hypotheses, a sample of 148 companies was selected during the years 2012-2021 . In this research, multivariate linear regression model has been used to test the hypotheses and combined data method and Eviews and Stata software package have been used to perform the necessary analyzes. The results of the hypothesis test showed that between the errors of the board (Dual role of CEO) and the value of cash assets have a significant effect, also the independence of the board has a significant effect on the relationship between board error (appointment of a dual role manager) and the value of cash resources. The results show that public ownership has a significant effect on the relationship between board error (appointment of a manager with a dual role) and the value of cash resources.