نوع مقاله : مقاله پژوهشی
نویسندگان
1 کارشناس ارشد گروه حسابداری، موسسه آموزش عالی امین، فولادشهر، ایران.
2 استادیار گروه حسابداری، دانشگاه پیام نور، تهران، ایران
3 کارشناس ارشد گروه حسابداری، واحد خرم آباد، دانشگاه آزاد اسلامی، خرم‌آباد، ایران
چکیده
کلیدواژه‌ها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The investment process refers to the ability to allocate and monitor the optimal use of resources. Making strategic corporate decisions such as investment requires examining all the influencing factors, including industry factors and decisions of other peer companies. Therefore, the aim of the research is to investigate the moderating effect of leader and young companies in the industry on the relationship between the performance of peer companies and the company's investment based on the theories of information deficit and competitiveness. This research is an applied study and has an inductive comparative approach. Multiple regression based on panel data has been used to analyze the research hypotheses. For the statistical sample, the information of 128 companies admitted to the Tehran Stock Exchange during the years 2011 to 2023 was used. The result of the first hypothesis, in accordance with the theory based on competitiveness and the theory based on information, showed that companies prefer to model and imitate the investment behavior of peer companies in the industry in order to estimate the strategy and amount of their investments and prevent the costs of repeating operations. The result of the second hypothesis showed that if there are leader companies in the industry, the positive effect of the peer companies' performances on the company's investment are strengthened, but the result of the third hypothesis showed the presence of young companies in the industry does not reinforce the positive effect of peer companies' performance on the firm's investment.
کلیدواژه‌ها [English]
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