The Efficiency of Inventory Management and Financial Distress: The Interactive Role of Management Behavioral Strains

Document Type : Research Paper


1 Assistant Professor in Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran

2 M.S. in Management Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran


The objective of this study was to examine the effect of inventory management on financial distress with respect to the interactive role of management behavioral strains, namely overconfidence, myopia, and narcissism. The data of the study was comprised of 346 year-distressed company and 346 year-healthy company for overconfidence, 356 year-distressed company and 356 year-healthy company for myopia, and 228 year-distressed company and 228 year-Health Company for narcissism, chosen from the companies listed in Tehran Stock Exchange through the years 2009 to 2019. To distinguish the healthy companies from the distressed companies, the model developed by Asquith et al. (1994) was used. Findings of the study showed that the increase of inventory management efficiency leads to decreased financial distress, and the behavioral strains do not have a significant effect on the change of such a relationship.


Main Subjects

Article Title [فارسی]

کارایی مدیریت موجودی کالا و درماندگی مالی – نقش تعاملی سویه‌های رفتاری مدیریت

Authors [فارسی]

  • فرزاد غیور 1
  • مهدیه حیدری فراهانی 2
  • سهراب شاهی 2
1 استادیار گروه حسابداری، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه، ارومیه، ایران
2 کارشناسی ارشد حسابداری مدیریت، دانشکده اقتصاد و مدیریت، دانشگاه ارومیه، ارومیه، ایران
Abstract [فارسی]

پژوهش حاضر به بررسی تأثیر کارایی مدیریت موجودی کالا بر درماندگی مالی با نقش تعاملی سویه‌های رفتاری مدیریت (بیش اطمینانی، کوته‌بینی و خودشیفتگی) پرداخته است . داده‌های پژوهش شامل 346 سال-شرکت درمانده و 346 سال -شرکت سالم برای بیش اطمینانی، 356 سال- شرکت درمانده و 356 سال – شرکت سالم برای کوته‌بینی، 228 سال- شرکت درمانده و 228 سال- شرکت سالم برای خودشیفتگی از مجموعه شرکت‌های پذیرفته‌شده در بورس اوراق بهادار تهران در محدوده زمانی 1387 تا 1397 انتخاب‌شده است. برای تفکیک شرکت‌های سالم و درمانده از مدل آسکویت و همکاران (1994) استفاده شد. یافته‌های پژوهش نشان می‌دهد که کارایی مدیریت موجودی کالا تأثیر منفی و معناداری بر احتمال مواجهه با درماندگی مالی دارد. کوته‌بینی موجب افزایش کارایی مدیریت موجودی کالا و خودشیفتگی و بیش اطمینانی آن می‌شود، که معنادار نیستند. نتایج نشان داد با افزایش کارایی مدیریت موجودی کالا، درماندگی مالی کاهش می‌یابد و سویه‌های رفتاری تأثیر معناداری بر تغییر این رابطه ندارند.

Keywords [فارسی]

  • کارایی مدیریت موجودی کالا
  • درماندگی مالی
  • بیش اطمینانی
  • کوته‌بینی
  • خودشیفتگی
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