Investigating the Relationship Between Managers' overconfidence and Abnormal Audit fees, Considering the Moderating Role of Institutional Ownership

New research focuses on the economic consequences of managerial overconfidence, and there are different views on their positive and negative role. However, there are few studies on the effect of management overconfidence on audit pricing, especially abnormal audit fees. The purpose of this study is to Investigating the relationship between managers' overconfidence and abnormal audit fees, considering the moderating role of institutional ownership. The information from this study is taken from the financial statements of 146 companies during the period 2013-2021. The research is applied in terms of purpose; in terms of nature and content it is a correlation type. Multiple regression based on panel data analysis (panel data) was used to test the relationship between variables and the significance of the model. The results of the hypothesis test showed that there is a significant and positive relationship between managers' overconfidence and abnormal audit fees; The relationship between institutional ownership and abnormal audit fees is negative and significant; And institutional ownership has a negative and significant effect on the relationship between managers' overconfidence and abnormal audit fees.