M.A. Thesis:

Investigating the effect of management uncertainty on social responsibility and long-term financial performance of companies with financial constraints

Overconfidence occurs when people overestimate their own abilities and skills, relative to others or without comparison with others. By adapting the theoretical literature of psychology, the researchers found empirical evidence in the fields of finance and accounting that overconfident managers overestimate their ability in financial decisions. The present research has been conducted to provide evidence of the influence of management overconfidence on social responsibility and long-term financial performance of companies with financial constraints in companies listed on the Tehran Stock Exchange. The research sample includes 123 companies listed on the stock exchange. Bahadar is from Tehran. The time period of the research was chosen from the beginning of 2014 to the end of 2019. In this research, Hay Park et al.'s (2019) model was used to test the research hypotheses. The results showed that there is a significant relationship between the social responsibility of the company and overconfidence of managers and the long-term financial performance of the company, between social responsibility and the long-term financial performance of the company, and between financial restrictions and the long-term financial performance of the company. Also, managers' overconfidence and financial constraints moderate the relationship between corporate social responsibility and long-term financial performance.

Keywords: Keywords : management uncertainty , social responsibility , long-term financial performance .