Compliance with the Principles of Professional Ethics in Dealing with Related Parties with Emphasis on the Role of the Characteristics of the CEO of Companies Admitted to the Tehran Stock Exchange in the Period of the ۹۰s

Transactions with related parties affect the performance of companies in the field of liquidity and profitability. Considering that the CEO plays an important role in the management of the company and is considered as a fundamental pillar in advancing the goals of the organization, it can be said that the characteristics of the CEO can have an impact on the quality of the financial reporting process and fraudulent financial reporting and non-compliance with professional ethics to cause. The purpose of this research is to investigate the observance of the principles of professional ethics in dealing with related parties, emphasizing the role of the CEO's characteristics. The statistical population of this research is the companies accepted in the Tehran Stock Exchange. For this purpose, using the data of ۱۵۰ companies during a ten-year period (۲۰۱۱ to ۲۰۲۱), it has been investigated using a multivariable regression model. The results of the hypothesis test showed that non-compliance with professional ethics has a positive and significant effect on transactions with related parties. Also, the CEO's influence, experience, ability, and narcissism of the CEO have a significant effect on the relationship between non-compliance with professional ethics and transactions with related parties. Finally, it can be said that transactions with related parties can be used as a way to optimize the allocation of internal resources, reduce the cost of transactions; but the opportunistic and unethical behavior of managers misleads the results of operations or has an unfavorable effect on the wealth of minority shareholders.

کلیدواژه ها:

non-compliance with professional ethics ، transactions with related parties ، characteristics of CEO