A Model for Investigating the Effects of Power Sources on Mutual Fund Performance and Financial Reporting Quality

Document Type : Original Article

Authors

1 Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran

2 Professor and retired faculty member of Islamic Azad University, Science and Research Founding member and secretary general of the Financial Engineering Association And chairman of the Iranian Management Accounting Associationhead, Tehran, Iran(

3 Associate Professor of Financial Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran

4 Assistant Professor of Accounting, Damavand Branch, Islamic Azad University, Tehran, Iran

5 Professor of Accounting, East Tehran Branch, Islamic Azad University, Tehran, Iran

10.30495/ijfma.2022.67802.1868

Abstract

In order to try, research, and study to accurately identify the factors that determine managerial performance, researchers have paid particular attention to specific and influential factors such as power sources, characteristics, skills, and behavior of managers. This study aimed to investigate the relationships of investment manager power sources with mutual fund performance and financial reporting quality. Accordingly, the authors tried to improve the quality of financial reports and offered suggestions about mutual fund rankings to help investors make the best decisions. We also look at which power source is most effective in mutual fund performance and reporting quality. To this end, the data from 120 investors and experts working in 66 mutual funds in 2020 were collected using the questionnaire method. The obtained data were then analyzed using structural equation modeling. Manager power influenced both mutual fund performance and financial reporting quality. In addition, mutual fund performance mediated the relationship between manager power and financial reporting quality.

Keywords

References

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