The effect of real profit management in increasing the risk of falling stock prices by considering the overconfidence role of managers

The purpose of this study is to investigate the effect of real profit management in increasing the risk of falling stock prices by considering the role of managers' overconfidence. The current research is applied and from the methodological point of view, the correlation is causal type (post-event). The statistical population of the research is all the companies admitted to the Tehran Stock Exchange and using the systematic elimination sampling method, 146 companies were selected as the research sample and were examined in a 6-year period between 1396 and 1401. The results of the research hypotheses test showed that profit management has an effect on the risk of falling stock prices and managers' overconfidence moderates this relationship.