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Department of Accounting & Finance,Arak Branch,Islamic Azad University,Arak ,Iran
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Department of Accounting & Finance,Arak Branch,Islamic Azad University,Arak ,Iran
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Department of Accounting & Finance,Arak Branch,Islamic Azad University,Arak ,Iran.
10.30495/jik.0621.23461
Abstract
Social trust is an important type of social capital and in fact an informal institution in a country. The level of trust can be an important factor that affects the company's financial costs. There are two types of trust when it comes to discussing the cost of a company's capital; Social trust and personal trust (management). The purpose of this study was to study the social trust, extreme confidence of managers and the cost of financing through corporate debt. The type of research in terms of purpose is among the applied research and has been done based on the regression research plan. To investigate the issue, financial information related to 104 listed companies in an eight-year period (2012-2019) was analyzed using multiple linear regression method. Relationship analysis showed that the high level of social trust of the company leads to a reduction in debt costs. At the same time, increasing the level of overconfidence or extreme trust in the management of the company increases the cost of debt.
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Ramezani,M. , Davodi,M. , Lalbar,A. , Zanjirdar,M. and haji,G. (2024). The effects of social trust and extreme management confidence on debt financing. Journal of Investment Knowledge, 14(53), 111-131. doi: 10.30495/jik.0621.23461
MLA
Ramezani,M. , , Davodi,M. , , Lalbar,A. , , Zanjirdar,M. , and haji,G. . "The effects of social trust and extreme management confidence on debt financing", Journal of Investment Knowledge, 14, 53, 2024, 111-131. doi: 10.30495/jik.0621.23461
HARVARD
Ramezani M., Davodi M., Lalbar A., Zanjirdar M., haji G. (2024). 'The effects of social trust and extreme management confidence on debt financing', Journal of Investment Knowledge, 14(53), pp. 111-131. doi: 10.30495/jik.0621.23461
CHICAGO
M. Ramezani, M. Davodi, A. Lalbar, M. Zanjirdar and G. haji, "The effects of social trust and extreme management confidence on debt financing," Journal of Investment Knowledge, 14 53 (2024): 111-131, doi: 10.30495/jik.0621.23461
VANCOUVER
Ramezani M., Davodi M., Lalbar A., Zanjirdar M., haji G. The effects of social trust and extreme management confidence on debt financing. Journal of Investment Knowledge, 2024; 14(53): 111-131. doi: 10.30495/jik.0621.23461