1
Full professor in accounting. islamic azad university-science and research
2
Ph.D of Accounting and Islamic Azad University lecturer, Iran
10.22034/iaas.2021.145156
Abstract
Objective: The aim of this paper is to develop a behavioral representation model by focusing on the moderating role of female managers on the relationship between risk-taking motivations and risk“systematic vs idiosyncratic” and performance outcomes. Methods: This research has been carried out using annual data of companies accepted in Tehran Stock Exchange during the period of 2012-2018. For testing of research hypotheses, multivariate linear regression has been used based on panel data. Results: The results of the first hypothesis show that the effect of the interactive role of female managers on the relationship between delta and non-systematic risk is negative and significant compared to systematic risk relationships. The results of the second hypothesis also show that female managers have a direct impact on the relationship between voluntary incentives for managers (Delta) and company performance. Conclusion: The results suggest a very conservative, risk-averse situation for female managers when they are given optional incentives for idiosyncratic (firm-specific) risk. Also, the results confirm that female managers are less likely to face areas of systematic risk, although more conservative, but lead to increased company performance.
rahnamay roodposhti, F., & Zandi, A. (2021). CEO Risk-Taking Incentives and and gender from the behavioral agency model perspective Implications for risk and performance. Accounting and Auditing Studies, 10(40), 5-26. doi: 10.22034/iaas.2021.145156
MLA
Fraydoon rahnamay roodposhti; Anahita Zandi. "CEO Risk-Taking Incentives and and gender from the behavioral agency model perspective Implications for risk and performance". Accounting and Auditing Studies, 10, 40, 2021, 5-26. doi: 10.22034/iaas.2021.145156
HARVARD
rahnamay roodposhti, F., Zandi, A. (2021). 'CEO Risk-Taking Incentives and and gender from the behavioral agency model perspective Implications for risk and performance', Accounting and Auditing Studies, 10(40), pp. 5-26. doi: 10.22034/iaas.2021.145156
VANCOUVER
rahnamay roodposhti, F., Zandi, A. CEO Risk-Taking Incentives and and gender from the behavioral agency model perspective Implications for risk and performance. Accounting and Auditing Studies, 2021; 10(40): 5-26. doi: 10.22034/iaas.2021.145156