Accountants' Risk-Taking and Alertness to Investment Opportunities

Iranian Journal of Accounting, Auditing and Finance

مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 24 خرداد 1402   

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22067/ijaaf.2023.82416.1339

نویسندگان

Behrooz Badpa^{* 1}؛ Ruhollah Amareh²

¹Assistant Professor, Department of Accounting, Faculty of Literature and Humanities, Ilam University, Ilam, Iran

²Department of Accounting, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran.

چکیده

Although accountants working for institutions possess extensive expertise in accounting, financing, and investment activities, it is challenging to identify the main factors influencing their investment decisions. This study examines experienced accountants' alertness to investment opportunities (AIOs), emphasizing their risk-taking (RT). For this purpose, a random sample of 468 Iranian accountants from public and private institutions (accounting students and graduates) was selected. Structural equation modeling (SEM) and SPSS 26 software were used for data analysis. In this study, financial intelligence, ambiguity tolerance, and optimism positively influenced RTs and AIOs. RT and AIOs also showed a positive relationship. However, accounting education only significantly affects AIOs. RT of accountants decreased with age. From a theoretical perspective, the study results could help develop the basics of the decision-making process in accountants, investors, and entrepreneurs, and shed much light on the factors affecting their RT - and AIOs. With regard to its practical implications, the study results could be further exploited by those setting rules and regulations as well as educational planners. The best possible investments and rational decision-making could thus give rise to the optimal allocation and use of resources, pave the grounds for employment and entrepreneurship, and ultimately bring economic growth and development to the society.

کلیدواژه‌ها

Alertness to Investment Opportunities؛ Risk-Taking؛ Financial Intelligence؛ Ambiguity Tolerance؛ Optimism