Assessing the Mediating Role of Internal Control on Relationship between Employee Quality and Stock Price Crash Risk

khajavi,  Shokrollah; Hosseini Sarani ,  Mohammad Hadi; Dasineh ,  Mehdi; Rostami Jaz,  Hamid

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year 15, Issue 57 (2023)

fa 2023, 15(57): 1-15

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Assessing the Mediating Role of Internal Control on Relationship between Employee Quality and Stock Price Crash Risk

Shokrollah Khajavi¹

, Mohammad Hadi Hosseini Sarani ^*

², Mehdi Dasineh³

, Hamid Rostami Jaz³

1- Faculty of Commerce and finance, University of Tehran, Tehran, Iran.
2- Department of Accounting, Gheshm Branch, Islamic Azad University, Gheshm, Iran.
3- Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.

Abstract: (2820 Views)

The main objective of this study is to investigate the mediating role of internal control on relationship between employee quality and stock price crash risk of listed companies in Tehran Stock Exchange. The sample consists of 142 firms listed in Tehran Stock Exchange in the period from 2016 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 and Stata softwares, the multivariable regression model and panel data was used to test the hypotheses.The results showed that there is significant negative relationship between employee quality and stock price crash risk with in 95% confidence level. In addition, the results indicate the mediating role of internal control in the relationship between employee quality and stock price crash risk. It should be noted that the employee quality has an indirect effect on the stock price crash risk in part through internal control.

Article number: 1

Keywords: Employee Quality, Internal Control, Stock Price Crash Risk

Full-Text [PDF 579 kb] (192 Downloads)

Type of Study: Research | Subject: Special

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khajavi S, Hosseini Sarani M H, Dasineh M, Rostami Jaz H. Assessing the Mediating Role of Internal Control on Relationship between Employee Quality and Stock Price Crash Risk. fa 2023; 15 (57) : 1
URL: http://qfaj.mobarakeh.iau.ir/article-1-2640-en.html

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