Investigating the Effect of Financial Fallacies on the Relationship between CEO Extraversion and Financial Analysts' Forecasts

Subject Areas : Journal of Capital Market Analysis

Farzaneh Ghadimi ¹ , Saeid Aliahamdi ² , Mohamad Alimoradi ³

1 - Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
2 - Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
3 - Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran

Received: 2024-08-16 Accepted : 2024-09-06 Published : 2025-03-11

Keywords: Financial Fallacies, CEO Extraversion, Financial Analysts' Forecast,

Abstract :

One of the qualitative and non-financial information that can affect the forecast of financial analysts is the CEO's extroversion personality trait. Also, the way of wrong arguments raised by financial analysts or financial fallacies can also affect the forecast of financial analysts. Therefore, the aim of the present study is to investigate the effect of financial fallacies on the relationship between CEO extroversion and financial analysts' forecasts. Based on this, the current research can be considered practical in terms of purpose and survey in terms of data collection. In this research, a scenario-based questionnaire was used to collect data, and one-way ANOVA was used to test the research hypotheses. The statistical population of the research is financial analysts and based on the power sampling method, the number of 200 financial analysts was selected in the period of 2023. The results of the research showed that the CEO's extroversion variable does not affect the forecast of financial analysts. Also, the results of the research indicate that the variable of financial fallacies and its interaction with the CEO's extroversion does not affect the forecast of financial analysts.

References:

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