دانش سرمایه‌گذاری

دانش سرمایه‌گذاری

قدرت مدیرعامل و ریسک سقوط قیمت سهام: نقش تعدیل کنندگی ساختار مالکیت

نوع مقاله : مقاله پژوهشی

نویسنده
دانشیار گروه حسابداری، واحد چالوس، دانشگاه آزاد اسلامی، چالوس، ایران
10.22034/jik.2025.53050.3020
چکیده
هدف از انجام پژوهش حاضر، بررسی رابطه بین قدرت مدیر عامل و ریسک سقوط قیمت سهام با نقش تعدیلی ساختار مالکیت است. تحقیق حاضر به لحاظ هدف، از نوع کاربردی بوده و در زمره تحقیقات توصیفی- همبستگی قرار می‌گیرد. جامعه آماری پژوهش، کلیه شرکت‌های فعال در بورس اوراق بهادار تهران از سال 1393 لغایت 1397 است که پس از حذف سیستماتیک، تعداد 106 شرکت به عنوان نمونه انتخاب گردید. برای تجزیه و تحلیل اطلاعات از نرم افزار اقتصاد سنجی ایویوز و از مدل رگرسیون خطی چند متغیره برای آزمون فرضیه‌ها استفاده شده است. یافته‌های پژوهش نشان داد بین قدرت مدیر عامل و ریسک سقوط قیمت سهام در بورس اوراق بهادار تهران ارتباط مثبت و معنی‌داری وجود دارد. همچنین ساختار مالکیت، رابطه مثبت بین قدرت مدیر عامل و ریسک سقوط قیمت سهام را تضعیف می کند.
کلیدواژه‌ها

عنوان مقاله English

CEO power and stock price crash risk: The moderator role Of ownership structure

نویسنده English

mehdi maranjory
Associate Professor in Accounting, Chalus branch, Islamic Azad University, Chalus, Iran
چکیده English

The purpose of this study is determining the relation between CEO power and stock price crash risk whit moderator role of ownership structure. The present research is of practical type in terms of purpose and has descriptive- correlational nature.The statistic population includes all active firms in Tehran securities market between 2014 to 2018. By using systematic removal method, 106 firms were chosen as sample. Eviews econometrics software is used to analyze information and that of multi variable linear regression model for assumptions test. The results indicated that there is a positive and significant relation between CEO power and stock price crash risk in Tehran securities market. Also, the ownership structure positive relation between CEO power and stock price crash risk will upward it.

کلیدواژه‌ها English

CEO power
stock price crash risk
ownership structure
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