Effect of the CEO’s financial expertise on stock price delays

The aim of this study is to investigate the effect of CEO’s financial expertise on Stock Price Delayoflisted Companiesin TehranStock Exchange. For this purpose one hypotheses are developed and data on the ۱۰۷ companies in Tehran Stock Exchange for the period of ۲۰۱۱ to ۲۰۱۸ were analyzed. This regression model using panel data with fixed effects approach and tests. The resultsshowed thatthe concentration CEO’s financial expertise hassignificantNegativeimpact onStock Price Delay. Therefore, the research results indicate that the Powerful executives have more independence and you have more supervisory roles on the board this reduces the disadvantages of stakeholder rights and reduce the agency costs , and thus reduce agency costs reduce information asymmetry and reduce the opacity in financial and thus Decrease Stock Price Delay.

کلیدواژه ها:

Stock Price Delay ، reduce the opacity in financial ، CEO’s financial expertise