Accounting and Auditing Research

Accounting and Auditing Research

The effect of moral hazard between managers and shareholders on the incorrect pricing of shares, taking into account the conservatism role of the auditor

Articles in Press

Document Type : Original Article

10.22034/iaar.2025.456360.1735
Abstract
Popuse: The current research seeks to track the effect of moral hazard among managers and shareholders on the incorrect pricing of shares, taking into account the conservatism role of the auditor.

Method: In order to achieve the objectives of the research, a sample consisting of 146 companies accepted in the Tehran Stock Exchange was selected using systematic elimination sampling during the years 2013-2022, and finally the research hypotheses were selected with the help of multiple linear regression test. It was done based on panel data.

Findings: It was observed that there is a direct relationship between moral hazards between managers and shareholders and incorrect stock pricing, and the auditor's conservatism also affects this relationship, and interacting with moral hazards can reverse this effect and the price- Reduce misplacement of stocks.

Conclusion: The present study provided useful evidence that incorrect pricing can be reduced by reducing moral risks between managers and shareholders, and in this context, the conservatism of auditors cannot be ignored.
Keywords
Incorrect stock pricing, moral hazard between managers and shareholders, auditor'
s conservatism

Subjects

Accounting and Auditing Research

Articles in Press, Accepted Manuscript
Available Online from 23 December 2025