فصلنامه بورس اوراق بهادار (Oct 2022)

Presenting CEO's Inertial Self-Concept Model in Not Reflecting Negative News to The Capital Market

  • , hossein hosseini,
  • Allah Karam Salehi,
  • Mohammad Khodamoradi

DOI
https://doi.org/10.22034/jse.2021.11628.1728
Journal volume & issue
Vol. 15, no. 59
pp. 157 – 198

Abstract

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The purpose of this research is Presenting CEO's Inertial Self-Concept Model in Not Reflecting Negative News to The Capital Market. This study, which was developmental in terms of result methodology and a combination of data type criteria, consisted of three Meta-synthesis to identify components and themes; Delphi analysis was used to determine the theoretical adequacy in the qualitative part and systematic representation analysis was used to present the CEO's inertial self-concept model in reflecting negative news to the capital market in the quantitative part. The results in the qualitative section showed that the approval of 17 themes in the form of three main components of the inertial self-concept of the CEO's vision; Inertial self-concept of CEO performance; The CEO's psychological inertial self-concept. The results in the quantitative section separately identify the most important stimulus and consequence in the component of inertial self-concept of the CEO's insight. On the other hand, an important stimulus and consequence of the inertial self-concept of the CEO's performance was the existence of poor accounting standards in disclosing bad news and the incompatibility of stakeholder information needs with the culture of information desirability in disclosing bad news. Finally, it was found that the two themes of the CEO's external control in disclosing bad news and the CEO's lack of self-confidence in disclosing bad news are the main drivers of psychological inertial self-concept.

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