Author/Authors :
Rezaei Farzin نويسنده Assistant ph.D. In accounting management and accounting faculty, Islamic azad university Qazvin branch , Mohammadinasab Habibeh نويسنده Master of Business Administration, Financial Administration, Faculty of Management and Accounting, Islamic Azad University, Qazvin Branch, Qazvin, Iran
Abstract :
One of the most important decisions facing managers of business units is related to financial policies, including the profit sharing policy. The behavioral and structural factors could impact the policy of profit sharing in the companies. The goal of present study is to investigate the impact of managerial overconfidence and cash flow on profit sharing policy. In line with the research hypotheses test, a 55 members sample from the accepted participants in Tehran Stock Exchange has been chosen from 2004 to 2013 and it was conducted though the regression with the panel data. The results indicated no meaningful relation between the managerial overconfidence and the profit sharing policy of companies, Also the effect of cash flow on the profit sharing of companies with the overconfidence managers wasn`t higher than the companies with the rational managers.
