Monitoring the role of managerial false confidence and information reliability and efficiency index in predicting behavioral tax-based profits

The purpose of this study was to investigate the role of managerial false confidence and information reliability and efficiency index in predicting the profit based on behavioral tax of companies listed on the Tehran Stock Exchange during the years 2009 to 2019. For this purpose, the present study is an applied research in terms of purpose and experimental research in terms of the type of research. The statistical population of the present study included all companies listed in the Tehran Stock Exchange Organization whose shares were exchanged in the main hall or the first market during the desired period. According to the Cochran Orkut formula, 385 companies were selected as a sample. Also, data panel model was used to investigate the relationship between variables. The results showed that the manager's excessive self-confidence has a significant effect on companies' profits at the level of 95% and this effect is reversed. With the presence of information confidence in the relationship between manager's overconfidence and corporate profits, the negative impact of CEO's overconfidence on corporate profits decreases from -0.416 to -0.234, and this decrease is also at level 95. % Is effective. Thus, the information reliability variable can reduce the negative impact of management overconfidence on corporate profits.