EconPapers    
Economics at your fingertips  
 

The impact of investors’ behavior and managers’ overconfidence on stock return: Evidence from Iran

Hossein Jokar and Vahid Daneshi

Cogent Business & Management, 2018, vol. 5, issue 1, 1559716

Abstract: The purpose of the present study is to investigate the effect of behavioral variables on overconfidence in management, herding behavior and investors’ emotional tendency on stock return. To this end, by using the data of firms listed in Iran’s Stock Exchange during the seven-year period of 2010–2016, overconfidence index in management, the herding behavior of the investors and the emotional tendency of the investors were calculated and their impact on stock return was examined. The data of the research are of a panel type and for analyzing the data and testing the hypotheses; a multiple linear regression model has been used. Evidence from the experimental results of the research showed that the behavioral variables studied in the research has a significant and inverse effect on the stock return of the companies.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/23311975.2018.1559716 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oabmxx:v:5:y:2018:i:1:p:1559716

Ordering information: This journal article can be ordered from
http://cogentoa.tandfonline.com/journal/OABM20

DOI: 10.1080/23311975.2018.1559716

Access Statistics for this article

Cogent Business & Management is currently edited by Len Tiu Wright and Tahir Nisar

More articles in Cogent Business & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:oabmxx:v:5:y:2018:i:1:p:1559716