Document Type : Research Paper
Authors
1 Associate Professor ,Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran
2 Department of Accounting, Faculty of Social and Economic Sciences, Alzahra University, Tehran, Iran
Abstract
Keywords
Main Subjects
Adam, T. R., Fernando, C. S. & Golubeva, E. (2015). Managerial overconfidence and corporate risk management. Journal of Banking and Finance, 60, 195-208.
Aghaei, M. A., Amri Asrami, M. (2021), The effect of management overconfidence on the relationship between cash holdings and excess returns, Journal of Empirical Studies in Financial Accounting, 18(72), 57-77 (In Persian).
Albuquerque, R., Koskinen, Y., & Zhang, C. (2019). Corporate social responsibility and firm risk: Theory and empirical evidence. Management Science, 65(10), 4451-4469.
Asghari, E., Abbasian Faridouni, M. M., Nasl Mousavi, S. H. (2020). The effect of emotional tendencies of investors on the degree of liquidity of the stock market. Journal of Accounting Advances, 12(1). 1-27 (In Persian).
Babaei, F., Rahmani, A., Homayun, S., Amin, V. (2021). The relationship between corporate sustainability performance and firm value: with emphasis on the role of disclosure score and firm size, Journal of Accounting Knowledge, 12(3), 1-27 (In Persian).
Baker, M., & Wurgler, J. (2006). Investor sentiment and the cross‐section of stock returns. The journal of Finance, 61(4), 1645-1680.
Baker, M., Wurgler, J. & Yuan, Y. (2012). Global, local, and contagious investor sentiment. Journal of financial economics, 104(2), 272-287.
Benlemlih, M., & Bitar, M. (2018). Corporate social responsibility and investment efficiency. Journal of business ethics, 148, 647-671.
Brown, G. W., & Cliff, M. T. (2005). Investor sentiment and asset valuation. The Journal of Business, 78(2), 405-440.
Cormier, D., Ledoux, M. J. & Magnan, M. (2011). The informational contribution of social and environmental disclosures for investors. Management Decision, 49(8), 1276-1304.
Deyanti Deilami, Z., Ghafarian ghadim, M. (2016), Investigating the relationship between the greenness of the supply chain and the value of manufacturing companies, Danesh Journal of Financial Accounting, 3(1), 47-67 (In Persian).
Dhasmana, S., Ghosh, S., & Kanjilal, K. (2023). Does investor sentiment influence ESG stock performance? Evidence from India. Journal of Behavioral and Experimental Finance, 37, 100789.
Galasso, A., & Simcoe, T. S. (2011). CEO overconfidence and innovation. Management science, 57(8), 1469-1484.
Gallardo-Vázquez, D., Valdez-Juárez, L. E. & Castuera-Díaz, Á. M. (2019). Corporate social responsibility as an antecedent of innovation, reputation, performance, and competitive success: A multiple mediation analysis. Sustainability, 11(20), 56-64.
Gao, J., Hartmann, F. G. H., Zhang, M., & Chen, Y. (2023). The impact of CSR performance and CSR disclosure readability on investors’ earnings estimates. Accounting & Finance, 63, 1157-1186.
Gholami Jamkarani, R., Akbari, Z., Bakhtiari, M. (2019), Investigating the relationship between investor sentiment, boldness in dividend forecasting and future company performance, Investment Science Journal, 8(3), 271-286 (In Persian).
Haixia, Y. (2018). Investor sentiment, managerial overconfidence, and corporate Investment Behavior. International Journal of Social Science and Economic Research, 1, 858-868.
Hajiali, I., Kessi, A. M. F., Budiandriani, B., Prihatin, E. & Sufri, M. M. (2022). Determination of work motivation, leadership style, employee competence on job satisfaction and employee performance. Golden Ratio of Human Resource Management, 2(1), 57-69.
Hirshleifer, D., Low, A. & Teoh, S. H. (2012). Are overconfident CEOs better innovators? The Journal of Finance, 67(4), 1457-1498.
Hassanzadeh Diwa, S. M., Bolo, Q. (2021). The effect of investors' emotional tendency on the value relevance of accounting information, accounting developments (2) 13. 97-122 (In Persian).
Hassas Yeganeh, Y., Babajani, J., Taghavifard, M. T., Arinpour, A. (2017). Analysis of sustainable environmental performance and its effect on the cost of capital of companies listed on the Tehran Stock Exchange, two scientific quarterly journals of value and behavioral accounting, 3(5), 1-39 (In Persian).
Hosseini Masoum, M. R., Garkaz, M., Saeedi, P., Matoufi, A. (2020), Analysis of the relationship between sustainable development performance and managers' unethical behaviors in profit manipulation, Ethics in Science and Technology, 15(2), 132-139 (In Persian).
Kim, H. A., Choi, S. U. & Choi, W. (2022). Managerial overconfidence and firm profitability. Asia-Pacific Journal of Accounting and Economics, 29(1), 129-153.
Kiron, D., Kruschwitz, N., Haanaes, K., Reeves, M., & Goh, E. (2013). The innovation bottom line. MIT Sloan Management Review.
Krüger, P. (2015). Corporate goodness & shareholder wealth. Journal of Financial Economics, 115(2), 304-329.
Lee, J., & Kim, E. (2021). Would overconfident CEOs engage more in environment, social, and governance investments? With a focus on female representation on boards. Sustainability, 13(6), 3373, Available at: https://doi.org/10.3390/su13063373.
Lee, S. Y. & Seo, Y. W. (2017). Corporate social responsibility motive attribution by service employees in the parcel logistics industry as a moderator between CSR perception and organizational effectiveness. Sustainability, 9(3), 355, Available at: https://doi.org/10.3390/su9030355.
Lins, K. V., Servaes, H. & Tamayo, A. (2017). Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis. The Journal of Finance, 72(4), 1785-1824.
Liu, X., & Zhang, C. (2017). Corporate governance, social responsibility information disclosure, and enterprise value in China. Journal of Cleaner Production, 142, 1075-1084.
Malmendier, U. & Tate, G. (2005). CEO overconfidence and corporate investment. The journal of finance, 60(6), 2661-2700.
Mohammadzadeh, H. (2021), The Relationship Between Investors' Emotional Orientation and Management's Earnings Forecasts, Journal of Accounting and Management Perspectives, 4(40), 51-64 (In Persian).
Montazeri Najafabadi, R., Moradi Shahdadi, Kh., Hajiha, Z. (2023). Investigating the sentiments of investors (retail and institutional) on the innovation of companies admitted to the Tehran Stock Exchange. Scientific Journal of New Management and Accounting Research Approaches, 7(26), 136-150 (In Persian).
Naughton, J. P., Wang, C. & Yeung, I. (2019). Investor sentiment for corporate social performance. The Accounting Review, 94(4), 401-420.
Rahnamae Rudpashti, F., Hibti, F., Talebnia, Q., Nabavi Cheshmi, S. A. (2012), providing a model for measuring the impact of corporate governance mechanisms on profit management in Tehran Stock Exchange, Management Accounting Journal, 5(1), 79-100 (In Persian).
Rashidi, M., Hosseini, H. (2022). The impact of investor sentiment on corporate social responsibility activities, Accounting and Social Interest, 12(2), 171-192 (In Persian).
Roll, R. (1986). The hubris hypothesis of corporate takeovers. Journal of Business, 1, 197-216.
Santos-Jaén, J. M., León-Gómez, A. & Serrano-Madrid, J. (2021). The effect of corporate social responsibility on earnings management: Bibliometric review. International Journal of Financial Studies, 9(4), 68, Available at: https://doi.org/10.3390/ijfs9040068.
Schrand, C. M., & Zechman, S. L. (2012). Executive overconfidence and the slippery slope to financial misreporting. Journal of Accounting and economics, 53(1-2), 311-329.
Shafaat, A. R., Kashanipour, M., Gholami Jamkarani, R., Jahangirnia, H. (2022). The variable effect of managers' personality type on profit management and its moderating role in the relationship between profit management and corporate social responsibility disclosure. Two scientific quarterly journals of value and behavioral accounting, 6(12), 343-308 (In Persian).
Shen, C., Fang, B. & Zhou, X. (2022). The relationship between corporate sustainable development performance, investor sentiment, and managerial overconfidence. Sustainability, 14(17), 10606, Available at: https://doi.org/10.3390/su141710606.
Shu, P. G., Yeh, Y. H., Chiang, T. L. & Hung, J. Y. (2013). Managerial overconfidence and share repurchases. International Review of Finance, 13(1), 39-65.
Talkhabi, F., Talibnia, Q., Royaei, R. A. (2020). Investigating the non-use of independent audit fee patterns in estimation and forecasting. Financial Accounting and Audit Research, 12(46), 163-202 (In Persian).
Valdez-Juárez, L. E., Gallardo-Vázquez, D. & Ramos-Escobar, E. A. (2019). Organizational learning and corporate social responsibility drivers of performance in SMEs in Northwestern Mexico. Sustainability, 11(20), 5655, Available at: https://doi.org/10.3390/su11205655.
Vuong, N. B. (2022). Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies. Borsa Istanbul Review, 22(5), 911-924.
Wu, M. W., & Shen, C. H. (2013). Corporate social responsibility in the banking industry: Motives and financial performance. Journal of Banking and Finance, 37(9), 3529-3547.
Xu, X. L., Li, J., Wu, D. & Zhang, X. (2021). The intellectual capital efficiency and corporate sustainable growth nexus: comparison from agriculture, tourism and renewable energy sector. Environment, Development and Sustainability, 1, 1-19.
Yousefi Asl, F., Hajian, N., Safari Khalkiasri, M. (2022), Investigating the relationship between investors' emotional tendencies and bias in managers' profit forecasting, Journal of Experimental Accounting Research, 12(1), 1-26 (In Persian).
Zare Behnmiri, M. J., Nazari Shamsabadi, A., Biki, N. (2022), Social responsibility and investor sentiments with a simultaneous equations approach, Journal of Accounting and Social Interest, 12(1), 61-80 (In Persian).
Zhai, H., Xiao, M., Chan, K. C. & Liu, Q. (2022). Physical proximity, corporate social responsibility, and the impact of negative investor sentiment on stock returns: Evidence from COVID‐19 in China. International Review of Finance, 22(2), 308-314.
Zhang, J., & Wang, Y. (2022). How to improve the corporate sustainable development? The importance of the intellectual capital and the role of the investor confidence. Sustainability, 14(7), 3749, Available at: https://doi.org/10.3390/su14073749.