Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Investigating the relationship between investor behavior and management investment decisions with respect to management and financial literacy of management

Document Type : Original Article

Authors
Hamid Rostami Jaz 1
foroozan bahreman 2
1 Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.
2 Islamic Azad University, Bandar Abbas Branch
Abstract
In this study, the effect of managers' characteristics on the relationship between investor behavior and investment of companies listed on the Tehran Stock Exchange was investigated. For this purpose, 130 companies were surveyed during the period 1390 to 1399. The required financial data were extracted by referring to financial statements and financial software and summarized, classified and calculated by Excel software and finally analyzed by Eviews software using multivariate regression. Findings showed that there is a significant relationship between investor behavior and management investment decisions. Management and financial literacy of management do not affect the relationship between investor behavior and management investment decisions.
Keywords
Investor Behavior and Management
Investment Decisions
Management Financial Literacy