Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry

Objective: Management earnings forecasts are one of the mechanisms by which management provides information about the future of the profitability status of the company. This study aimed to examine the effect of bias in management earnings forecasts on investment behavior of the firm and information...

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Autores principales:	Hamed Rezazadeh, Asgar Pakmaram, Jamal Bahri Sales, Rasoul Abdi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	management earnings forecasts investment behavior of firm information asymmetry Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/0581dddc3b454396a0e573d53d88635d
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spelling	oai:doaj.org-article:0581dddc3b454396a0e573d53d88635d2021-11-04T19:56:10ZEffect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry2008-89142476-292X10.22103/jak.2020.14218.3007https://doaj.org/article/0581dddc3b454396a0e573d53d88635d2020-07-01T00:00:00Zhttps://jak.uk.ac.ir/article_2516_614a87c50d8daea8ac9c93914a72b0fd.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: Management earnings forecasts are one of the mechanisms by which management provides information about the future of the profitability status of the company. This study aimed to examine the effect of bias in management earnings forecasts on investment behavior of the firm and information asymmetry of the companies listed in the Tehran Stock Exchange, TSE. Method: This study is applied in terms of purpose and correlation in nature. To achieve the aim of this study, a sample of 155 companies listed in the TSE was selected between 2006 and 2017, using a systematic random sampling method. The relationships between variables were determined by multivariate regression. Results: Study findings indicated that the bias in management earnings forecasts has a negative effect on the investment behavior of the firm. Conclusion: Managers usually report earnings forecasts with bias and hide the inefficiency of investments to protect their own interests and the comfort of actual investors and other stakeholders.Hamed RezazadehAsgar PakmaramJamal Bahri SalesRasoul AbdiShahid Bahonar University of Kermanarticlemanagement earnings forecastsinvestment behavior of firminformation asymmetryAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 11, Iss 2, Pp 139-167 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	management earnings forecasts investment behavior of firm information asymmetry Accounting. Bookkeeping HF5601-5689
spellingShingle	management earnings forecasts investment behavior of firm information asymmetry Accounting. Bookkeeping HF5601-5689 Hamed Rezazadeh Asgar Pakmaram Jamal Bahri Sales Rasoul Abdi Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
description	Objective: Management earnings forecasts are one of the mechanisms by which management provides information about the future of the profitability status of the company. This study aimed to examine the effect of bias in management earnings forecasts on investment behavior of the firm and information asymmetry of the companies listed in the Tehran Stock Exchange, TSE. Method: This study is applied in terms of purpose and correlation in nature. To achieve the aim of this study, a sample of 155 companies listed in the TSE was selected between 2006 and 2017, using a systematic random sampling method. The relationships between variables were determined by multivariate regression. Results: Study findings indicated that the bias in management earnings forecasts has a negative effect on the investment behavior of the firm. Conclusion: Managers usually report earnings forecasts with bias and hide the inefficiency of investments to protect their own interests and the comfort of actual investors and other stakeholders.
format	article
author	Hamed Rezazadeh Asgar Pakmaram Jamal Bahri Sales Rasoul Abdi
author_facet	Hamed Rezazadeh Asgar Pakmaram Jamal Bahri Sales Rasoul Abdi
author_sort	Hamed Rezazadeh
title	Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
title_short	Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
title_full	Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
title_fullStr	Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
title_full_unstemmed	Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry
title_sort	effect of bias in management earnings forecasts on investment behavior of firm and information asymmetry
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/0581dddc3b454396a0e573d53d88635d
work_keys_str_mv	AT hamedrezazadeh effectofbiasinmanagementearningsforecastsoninvestmentbehavioroffirmandinformationasymmetry AT asgarpakmaram effectofbiasinmanagementearningsforecastsoninvestmentbehavioroffirmandinformationasymmetry AT jamalbahrisales effectofbiasinmanagementearningsforecastsoninvestmentbehavioroffirmandinformationasymmetry AT rasoulabdi effectofbiasinmanagementearningsforecastsoninvestmentbehavioroffirmandinformationasymmetry
_version_	1718444570626228224

Effect of Bias in Management Earnings Forecasts on Investment Behavior of Firm and Information Asymmetry

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