Document Type : Original Article
Authors
Department of Accounting, Boroujen Branch, Islamic Azad University, Boroujen, Iran
Abstract
Based on classical and neoclassical economic theories, efficiency has a direct relationship with risk, and considering that the purpose of forming companies is to obtain more efficiency, therefore risk-taking is in the essence of the corporate system. On the other hand, companies should apply a reasonable level of risk-taking in order to insure themselves against damages caused by unreasonable risk-taking. The risk tolerance of companies is influenced by various factors. The current research was conducted with the aim of investigating the effect of voluntary disclosure of information on risk taking, considering the moderating role of managerial ownership. For this purpose, research hypotheses were tested by collecting information from 125 companies admitted to the Tehran Stock Exchange during the period of 2015 to 2021 and using the multivariable regression method. This research was applied from the point of view of the objective and the method of analysis was descriptive-correlation. The findings of the research showed that the level of voluntary disclosure of information has a positive and significant effect on the company's risk-taking. Also, the results of the research indicate that managerial ownership has strengthened the positive effect of the level of voluntary disclosure of information on the company's risk-taking.
Keywords
Main Subjects
- J.M. Ale, L.J. Bellamy, J. Cooper, D. Ababei, D. Kurowicka, O. Morales, J. Spouge, Reliability Engineering & System Safety, 2010, 95, 469–477. [crossref], [Google Scholar], [Publisher]
- Burkholder, G. Tao, Journal of Guidance, Control, and Dynamics. 2011, 34, 1605–1612. [crossref], [Google Scholar], [Publisher]
- X. Liu, C. Yuan, Y.M. Zhang, IFAC-Papers OnLine 2015, 48, 140-145. [crossref], [Google Scholar], [Publisher]
- X. Liu, C. Yuan, Y.M. Zhang, Unmanned Systems, 2016, 4, 197-211, [crossref], [Google Scholar], [Publisher]
- P. Yan, D.H. Zhou, M.Y. Fu, Y.Q. Xia, IETS Signal Processing, 2010, 4, 728–739. [crossref], [Google Scholar], [Publisher]
- A. Mahdiraji, Journal of Sceintific Perspectives, 2020, 4, 245-254. [crossref], [Google Scholar], [Publisher]
- Shao, V. Vittal, IEEE Trans. Power Syst., 2015, 20, 1877-1885. [crossref], [Google Scholar], [Publisher]
- H. BacherGlavitsch, “Loss reduction by network switching,” IEEE Trans. Power Syst., 1988, 3, 447-454. [crossref], [Google Scholar], [Publisher]
- F. Hobbs, Proc. Power Eng. Soc. Summer Meeting, 2001, 1, 558 -563. [crossref], [Google Scholar], [Publisher]
- Bandura, Organizational Behavior and Human Decision Processes, 1997, 50, 248-287. [crossref], [Google Scholar], [Publisher]
- Bembenutty, Journal of Advanced Academics, 2008, 18(4), 586-616. [crossref], [Google Scholar], [Publisher]
- Ching, S. Wang, Philosophy Study, 2016, 6(2), 103-113. [PDF Download], [Google Scholar]
- Harter, Developmental Psychology , 1981, 17 (3), 300-312. [crossref], [Google Scholar], [Publisher]
- Havenga, B. Breed, E. Mentz, SA-eDUC Journal, 2013, 10(2), 1-14. [Pdf Download], [Google Scholar]
- J. Hermans, J.J. Terlook, P.C. Maes. Development Psychology, 1997, 6(3), 520-528. [crossref], [Google Scholar], [Publisher]
- Ifenthaler, Journal of Educational Technology & Society, 2012, 15(1), 38-52. [Pdf Download], [Google Scholar], [Publisher]
- Karoly. Annual Review of psychology, 1993, 44, 23-52. [crossref], [Google Scholar], [Publisher]
- T. Montalvo, M.C.G. Torres, Electronic Journal of Research in Educational Psychology, 2004, 2(1), 1-34. [PDF Download], [Google Scholar], [Publisher]
- Mualem, Journal of Research in Science Teaching, 2010, 47(9), 1094- 1115. [crossref], [Google Scholar], [Publisher]
- Pintrich, Journal of Educational Psychology, 2000, 92, 544-555. [crossref], [Google Scholar], [Publisher]
- R. Pintrich, E.V. DeGroot, Journal of Educational psychology, 1990, 82(1), 33-40. [crossref], [Google Scholar], [Publisher]
- L.F. Schleifer, R.B. Dull, Issues in Accounting Education, 2009, 24(3), 339-367. [crossref], [Google Scholar], [Publisher]
- Wolters. Journal of Educational Psychology, 1998, 90, 224–235. [crossref], [Google Scholar], [Publisher]
- A. Wolters. Educ Psychologist, 2003, 38(4), 189-205. [crossref], [Google Scholar], [Publisher]
- Yeh, C.F. Lin, International Forum of Educational Technology & Society, 2015, 18(1), 119-131. [Google Scholar], [Publisher]
- J. Zimmerman, Educational Psychologist, 1990, 25, 3-17. [crossref], [Google Scholar], [Publisher]
- J. Zimmerman, N. Martinez-pons. Journal of Educational psychology, 1990, 84(1), 51-59. [crossref], [Google Scholar], [Publisher]
- Wells, Clinical Psychology and Psychotherapy, 2002, 6, 86-95. [crossref], [Google Scholar], [Publisher]
- Wells. Anxiety Stress and Coping, 2009, 6, 289-299. [crossref], [Google Scholar], [Publisher]
- Wells, Cognitive therapy Research, 2005, 22, 107–21. [Google Scholar], [Publisher]
- Wells, K. Carter, Behavior Therapy, 2001, 32(1), 85-102. [crossref], [Google Scholar], [Publisher]
- A. Brown, The Canadian Journal of Psychiatry, 1997, 817-825. [crossref], [Google Scholar], [Publisher]
- M. Ruggiero, L. Stapinski, G. Caselli, F. Fiore, M. Gallucci, S. Sassaroli, R.M. Rapee, Personality and Individual Differences, 2012, 53, 224-230. [crossref], [Google Scholar], [Publisher]
- F. Halamandaris, K.G. Power, Personality and Individual Differences, 1999, 26, 665-685. [crossref], [Google Scholar], [Publisher]
- Tovar, M.A. Simon, Community College Journal of Research & Practice, 2006, 30(7), 547-564. [crossref], [Google Scholar], [Publisher]
- Sangy, F. Miryousefiata, A. Bahaoddini, H. Dimiati, Budapest International Research in Exact Sciences (BirEx) Journal, 2020, 2(4), 458-466. [crossref], [Google Scholar], [Publisher]
- A. Danesh, S. Javanbakht, M. Nourallahzadeh, N.M. Bakhshani, S. Danesh, F. Nourallahzadeh, F. Rezaei, H.R.A. Otaghour, International Journal of High Risk Behaviors and Addiction, 2019, 8, e66232. [crossref], [Google Scholar], [Publisher]
- Rouientan, H.A. Otaghvar, H. Mahmoudvand, A. Tizmaghz, World journal of plastic surgery, 2019, 8, 116. [crossref], [Google Scholar], [Publisher]
)