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:: year 16, Issue 62 (2025) ::
fa 2025, 16(62): 89-73 Back to browse issues page
The Relationship between Managers' Overconfidence and Lack of Inventory in Manufacturing Companies and the Effect of Product Market Competition on Their Relationship
Mohammad Hossein Safarzadeh *1 , Vahid Mennati1 , Rezvan Osmani1
1- Department of Accounting, Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran.
Abstract:   (7 Views)
 The decisions of overconfident senior managers can have significant consequences for the company, and these consequences can be intensified despite the competition in the acquisition market. According to these materials, the purpose of the current research is to investigate the relationship between managers' overconfidence and lack of inventory. The statistical population of the research is the companies listed on the Tehran Stock Exchange, of which 140 companies were selected as a sample between 2016 and 2021 using the systematic exclusion method. Multivariate regression model and combined data were used to test the research hypotheses. The findings showed that there is a positive and significant relationship between managers' overconfidence and lack of inventory. Also, product market competition leads to strengthening the relationship between managers' overconfidence and lack of inventory. Therefore, it can be concluded that in manufacturing companies in competitive industries with managers with a high level of optimism and self-confidence, the amount of inventory shortage is higher.
Article number: 5
Keywords: Overconfidence of Managers, Lack of Inventory, Product Market Competition, Manufacturing Companies.
Full-Text [PDF 627 kb]   (8 Downloads)    
Type of Study: Applicable | Subject: Special
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Safarzadeh M H, Mennati V, Osmani R. The Relationship between Managers' Overconfidence and Lack of Inventory in Manufacturing Companies and the Effect of Product Market Competition on Their Relationship. fa 2025; 16 (62) : 5
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