سپیده مقیمی اقجه قشلاق

Investigating the role of diversification moderator on the relationship between excellence in financial information and investment productivity

Abstract

This study examines the role of diversification as a moderator in the relationship between excellence in financial information and investment productivity. The research falls under the category of applied research and belongs to the descriptive-correlational group. The statistical population of this study consists of all companies listed on the Tehran Stock Exchange during the period from ۲۰۱۴ to ۲۰۲۱. After applying research constraints, a sample of ۱۴۱ companies was selected for the study. The theoretical foundations and literature review related to the research topic were collected through library research and document analysis. The data related to the research variables were gathered from the Codal website. Multiple regression analysis using EViews ۱۲ software was employed to analyze the research variables. The results of hypothesis testing indicate a significant positive relationship between excellence in financial information and investment productivity. Furthermore, diversification has a significant negative relationship with investment productivity. However, diversification does not strengthen the relationship between excellence in financial information and investment productivity. These findings play a crucial role in guiding managers' decision-making regarding improving financial performance and organizational strategies.