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shalchi, afshin, fathi, zadollah, Shafii, Hossain. (1400). The Impact of behavioral Financial and Political Connections on Investment Efficiency with the Mediating Role of Growth Opportunities. , 6(23), 217-227.
afshin shalchi; zadollah fathi; Hossain Shafii. "The Impact of behavioral Financial and Political Connections on Investment Efficiency with the Mediating Role of Growth Opportunities". , 6, 23, 1400, 217-227.
shalchi, afshin, fathi, zadollah, Shafii, Hossain. (1400). 'The Impact of behavioral Financial and Political Connections on Investment Efficiency with the Mediating Role of Growth Opportunities', , 6(23), pp. 217-227.
shalchi, afshin, fathi, zadollah, Shafii, Hossain. The Impact of behavioral Financial and Political Connections on Investment Efficiency with the Mediating Role of Growth Opportunities. , 1400; 6(23): 217-227.

The Impact of behavioral Financial and Political Connections on Investment Efficiency with the Mediating Role of Growth Opportunities

International Journal of Finance & Managerial Accounting
دوره 6، شماره 23، دی 2021، صفحه 217-227  XML اصل مقاله (623.91 K)
نوع مقاله: Original Article
نویسندگان
afshin shalchi1؛ zadollah fathi email 2؛ Hossain Shafii3
1Departement of Accounting, Sirjan Branch, Islamic Azad University, Sirjan, Iran
2Departement of Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran
3Assistant Professor, Department of Accounting, Sirjan Branch, Islamic Azad University, Sirjan, Iran
چکیده
Abstract
Evidences suggested that investors do not use of quantitative methods to determine stock value and judgements are made on mental imagery, non-scientific information and psychological conditions. According to limit literature, in other hand, increased investment efficiency is one of the most important problems in addition to investment development. Therefore, this study aimed to the mediation role of growth opportunities on the impact of sentiment tendencies of investors as a behavioral financial criteria and political connections on investment efficiency. This study is a causal, applied and post-event one. To end, sample were selected including 149 firms at Tehran Stock Exchange 2009-2019. According to composed data analysis method and multivariate-linear regression and logistic regression, results showed that investors’ sentiments as a behavioral financial criteria and political connections directly impacted on investment efficiency. In addition, growth opportunities play mediating role on the impact of investors’ sentiments and political connections on investment efficiency
کلیدواژه‌ها
Keywords: Behavioral Financial؛ Political Connections؛ Growth Opportunities؛ Investment Efficiency
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