An Investigating the effect of economic policy uncertainty on changing managers' managerial behavior with respect to internal and external risk mediating variables

According to a study by Hong et al. In 2021, companies are trying to change the managerial behavior of managers and improve their behavior, pay attention to the uncertainty of economic policy; Because it is likely that this indicator can play a role in changing managerial behavior; But internal and external risk as mediating variables can also highlight the role of independent and dependent variables; Therefore, this study tries to examine the above hypothesis. The aim of this study was to determine the effect of economic policy uncertainty on the change of managers' managerial behavior with respect to the mediating variable of internal and external risk in companies listed on the Tehran Stock Exchange. To analyze the research hypotheses, the statistical population was selected from 2016 to 2020 for 5 years and included listed companies. The statistical sample was selected by elimination method and 101 companies were selected. The research method used is descriptive-analytical method and historical research data were collected and classified by referring to the financial statements and financial reports of companies listed on the Tehran Stock Exchange. Data panel data method was used to analyze statistical data; In the analysis of descriptive statistics, inferential statistics and various related tests were performed and data analysis was performed using Eviews software version 9. According to the regression model analysis, the research findings show that the main hypothesis has been confirmed and it was found that the uncertainty of economic policy on the change of management behavior of managers due to the mediating variable of internal and external risk in companies listed on the Tehran Stock Exchange. has it; Therefore, in order to strengthen the behavior of executives in making decisions, corporate managers should pay attention to two components of internal and external risk (corporate and strategic risk) in order to be able to manage the uncertainty of economic policy; This research is in line with the study of Hong et al. In 2021.