Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

The Study of Relationship between Economic Policy Uncertainty and Corporate Risk-Taking with the Role of Moderator of State Ownership

Document Type : Original Article

Authors
mehdi desineh 1
mohammad hadi hosseini sarani 2
mahmoud jangavar 3
1 Assistant Professor of Accounting, Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran
2 Ph.D. Student of Accounting, Department of Accounting, Gheshm Branch, Islamic Azad University, Gheshm, Iran
3 M.A of Accounting, Department of Accounting, Bushehr Branch, Islamic Azad University, Bushehr, Iran
Abstract
The main objective of this study is to investigate the relationship between economic policy uncertainty and corporate risk-taking with the role of moderator of state ownership of listed companies in Tehran Stock Exchange. The sample consists of 148 firms listed in Tehran Stock Exchange in the period from 2012 to 2021. In this study, the data were extracted from the Rahavard Novin 3 software and then classified by Excel software, and after calculating the variables, finally, through Eviews software, the multivariable regression model and panel data was used to test the hypotheses. The results showed that there is significant positive relationship between economic policy uncertainty and corporate risk-taking with in 95% confidence level. However, no evidence was found that the moderating role of state ownership on the relationship between economic policy uncertainty and corporate risk-taking. As a result, the results of the present study have broad implications for policymakers.
Keywords
Economic Policy Uncertainty
Risk-Taking
State Ownership