Investigation of the Effect of Financial Complexity on Profit-Sharing Policies with the Moderating Role of Information Asymmetry

Authors

  • Hamed Bagheri Department of Administrative Sciences, Imam Reza International University, Mashhad, Iran.
  • Amir Ghafourian Shagerdi * Department of Administrative Sciences, Imam Reza International University, Mashhad, Iran. https://orcid.org/0000-0001-9780-2971
  • Saeed Mohseninia Department of Management and Accounting., Allameh Tabatabaei University, Tehran, Iran.

https://doi.org/10.22105/tqfb.v2i2.51

Abstract

The current research employs data envelopment analysis to investigate how financial complexity influences profit-sharing policies, with information asymmetry playing a moderating role. This research is categorized as applied based on its objectives and descriptive-correlational based on its methodology. The study's statistical population comprises all companies listed on the Tehran Stock Exchange, from which a sample of 109 companies was selected spanning six years, from 2017 to 2022. The hypothesis testing approach utilized in this study involved multiple ordinary regressions analyzed with Eviews software. The findings indicate that financial complexity significantly impacts profit-sharing policies, and that information asymmetry moderates the relationship between financial complexity and profit-sharing policies.

Keywords:

Financial complexity, Profit-sharing policies, Information asymmetry

References

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Published

2025-04-15

Issue

Vol. 2 No. 2 (2025): Transactions on Quantitative Finance and Beyond

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Articles

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How to Cite

Bagheri , H. ., Ghafourian Shagerdi, A., & Mohseninia, S. . (2025). Investigation of the Effect of Financial Complexity on Profit-Sharing Policies with the Moderating Role of Information Asymmetry. Transactions on Quantitative Finance and Beyond, 2(2), 52-61. https://doi.org/10.22105/tqfb.v2i2.51
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