Provide a Model of CEO Inertia in Reflecting the Timely news to the Stakeholders: Two-Dimensional Fuzzy Inference System (〖FIS〗_2)
Subject Areas :
Mohsen Rahmani
1
,
Majid Ashrafi
2
*
,
Parvize Saiedi
3
,
Jamaroodi Gorgannlidovaji
4
1 - PhD Student, Department of Financial Engineering, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran
2 - Assistant Professor of Accounting Department, Aliabad Katul Branch, Islamic Azad University, Aliabad Katul, Iran
3 - Professor, Department of Accounting, Aliabad Katul Branch, Islamic Azad University, Aliabad Katul, Iran
4 - Assistant Professor, Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran
Keywords: CEO Inertia, Timely Information Disclosure, Two-Dimensional Fuzzy Inference System (FIS_2),
Abstract :
An important part of managers' decision-making functions is rooted in organizational functions in terms of the existence of drivers to monitor their performance. Inertia is considered as one of the consequences of poor organizational performance in regulatory effectiveness as a factor to institutionalize power in managers and create opportunism to prioritize their interests. The purpose of this study is to evaluate the inertia pattern of the CEO in reflecting the news in a timely manner to stakeholders. The methodology of this research is developmental and mixed, based on the participation of two population, 14 accounting experts at the university level in the qualitative sector and 20 experienced brokers in the capital market as members of the target population in the quantitative sector. In the qualitative section, two critical appraisal and Delphi evaluation analyzes were used to identify the dimensions of the CEO's inertia in reflecting the news to stakeholders in a timely manner. During the two stages of Delphi analysis, the level of reliability of the research criteria was confirmed, and in a quantitative part, using two-dimensional Fuzzy Reference System (FIS_2), the most important dimension of CEO inertia identified at the level of Tehran Stock Exchange (TSE) was examined. Based on the results, inertia based on CEO overconfidence is the most important dimension of CEO inertia in timely disclosure of information to stakeholders at the level of Tehran Stock Exchange (TSE). In terms of fuzzy weight obtained, it has priority over other identified dimensions.