Investor behavior and bias resulting from offinancial restatement

Restatement of financial statements is one of the factors that can have a major impact on investors' decisions in financial markets. Re-issuing financial statements can create (emotional and cognitive) stress for investors. Therefore, the main purpose of the present study is to investigate the effect of (psychological, social and spiritual) dimensions of investors on the stresses caused by the Restatement of financial statements. A researcher-made questionnaire in two dimensions of emotional and cognitive stress was used to measure the reversals of financial statements. The statistical population of the present study consisted of 49 investors in the stock market. The data were collected using an online questionnaire designed. The research method is a survey and applied purpose. Smart-PLS software was used to test the research hypotheses. The results showed that psychological dimensions did not affect any of the emotional and cognitive stresses caused by the Restatement of financial statements. On the other hand, investors' spiritual dimensions are affected by the emotional stress caused by the Restatement of financial statements, but it is not affected by the cognitive stress caused by the Restatement of financial statements, indicating that investors are emotionally treated and ultimately dimensions. Social impacts on cognitive stress arising from financial restatement but not emotional affect arising from financial restatement .