Investigating the effect of financial managers' personality dimensions on information asymmetry with the mediation of voluntary disclosure

Subject Areas : Journal of Educational Psychology

Seyed Ali Soltanzadeh ¹ , Amir Shams ² , Mohsen Dastgir ³

1 - Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
2 - Department of Accounting, Neyshabur Branch, Islamic Azad University, Neyshabur, Iran
3 - گروه حسابداری، واحد اصفهان (خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران

Received: 2023-09-04 Accepted : 2023-12-08 Published : 2024-02-08

Keywords: Voluntary Disclosure, Information Asymmetry, Structural Equation Modeling, Personality Characteristics,

Abstract :

Introduction: One of the basic foundations of companies' success is having competent and efficient managers, the competence of managers is more dependent on their behavior, personality traits and attitude than on their knowledge and skills. The purpose of this research is to investigate the effect of personality dimensions of financial managers on information asymmetry with the mediation of voluntary disclosure in Tehran Stock Exchange companies. The statistical population of this research is all the companies admitted to the Tehran Stock Exchange in 2018 and the studied sample includes 88 companies of the Tehran Stock Exchange. In order to test the hypotheses of the research, the model of structural equations was used by the method of partial least squares and using software (PLS3). In order to measure the personality characteristics of the 5-factor neo questionnaire, voluntary disclosure was made from the researcher's checklist and was used to compare the information of the difference between the bid price and the bid price of the companies' shares in the Tehran Stock Exchange. The results showed that there is a significant relationship between neuroticism, extroversion, adaptability, conscientiousness and openness to experience and voluntary disclosure, and also the above five personality factors can be effective on information symmetry by mediating voluntary disclosure.

References:

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