Behavioral Modeling and Emotional Social Wealth and Mixed Opinions

Examining the behavior of family-owned companies can provide valuable information to financial information users. Unfortunately, in Iran, there has not yet been a suitable index for identifying such companies. A notable feature of this research is the provision of an index tailored to the conditions of the country's capital market by utilizing past studies and expert opinions to identify and introduce family-owned companies in the stock market. The significance of the presence of family-owned companies is such that after conducted studies, it was found that out of the companies listed on the stock exchange in the year ۱۴۰۲ (۲۰۲۳), ۳۸ companies, nearly ۱۱%, were family-owned. Descriptive statistical analysis of the research indicates that the highest amount of discretionary accruals in the year ۱۴۰۲ occurred when the stock market experienced abnormal fluctuations. After reviewing the reports of the boards of directors to the General Assemblies of all listed companies during this period, a total of ۳۸ companies were selected in the initial sampling. Following further investigation and due to insufficient disclosures and the lack of necessary information regarding some companies, ultimately ۳۱ companies were identified and selected as family-owned, with the same number of non-family companies from the same industries chosen for comparison. According to the results, conflicts negatively impact the alignment of the company name and the individual evaluation of family-owned companies.

کلیدواژه ها:

Behavioral Modeling ، Social Modeling ، Family-Owned Companies