Modeling managers' financial decision-making with an emphasis on inflated perceptions of ICT literacy

Subject Areas :

Samira Saraei ¹ , Fatemeh Sarraf ² , Mohsen Hamidian ³

1 - Ph.D. Candidate in Accounting, Faculty of Economics and Accounting, Islamic Azad University, South Tehran Branch, Tehran, Iran
2 - Associate Prof, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran
3 - Associate Prof, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2024-07-27 Accepted : 2024-09-05 Published : 2025-08-01

Keywords: inflated perceptions, ICT literacy, financial decision making,

Abstract :

Behavioral finance explores the influence of psychology on the behavior of financial professionals and its subsequent effects on financial markets. The main goal of the current research is to model the financial decision making of managers with an emphasis on the inflated perceptions of ICT literacy. In order to achieve this goal, at different levels of application of the multiple probit model, the inflated perceptions of ICT on managers' financial decision-making have been investigated. This research is in the field of applied research. Data collection was done through standard and researcher-made questionnaires, the validity of the questionnaires was confirmed by experts in the qualitative phase, and its reliability was confirmed through Cronbach's alpha. In order to analyze the research data, probit model was used based on Stata 15 software. Based on the results of the probit model, the inflated perceptions of ICT literacy has had a negative and significant impact on the financial decision-making of managers, and therefore it is recommended that the policy makers and senior managers of companies in the process of recruiting managers should check the level of ICT literacy of managers and if The need for adequate training.

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