The Relationship between Social Crisis and the Quality of Managers Financial Decision-Making

Articles in Press

Document Type : Research Paper

Authors

1 M.A. Student of Accounting, Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran.

2 Professor of Accounting, Faculty of Administrative and Economic Sciences, Ferdowsi University of Mashhad, Mashhad, Iran.

10.22103/jak.2024.23240.4037

Abstract

Purpose: The main purpose of this research is to investigate the relationship between the social crisis occurred in the fall of 2022 and the quality of managers' financial decision-making.



Method: For the purpose of this research and to test the hypothesis, the data of 199 companies listed in the stock exchange were collected for two periods including during the social crisis and before it. In order to examine and analyze the data, EViews 10 software and Pearson correlation and multiple regression tests were used.



Findings: The findings of the research indicate that there is a significant and direct relationship between the social crisis that occurred in the fall of 1401 and also the size of the company with the quality of managers’ financial decision-making.



Conclusion: With the occurrence of many crises in recent years, managers' experience and knowledge of these crises and their effects have increased. It also has increased their desire to do group work, use different opinions of experts, examine different aspects and make decisions about profitable, sometimes short-term projects. In addition, the formation of audit committees, strengthening of internal control systems, paying attention to the concept of risk management are among the concepts that have received a lot of attention from companies and their managers in the last decade. Each of these concepts will lead to better understanding of risks, control them, and also increase the quality of various decisions, including managers' financial decisions.

Keywords

Main Subjects

Journal of Accounting Knowledge

Articles in Press, Accepted Manuscript
Available Online from 09 September 2024

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History

  • Receive Date: 22 April 2024
  • Revise Date: 28 August 2024
  • Accept Date: 09 September 2024

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