محسن رحمانی

The flow of information in the capital market is strategically important because it determines the path of investors' decisions. In this decision-making process, the managers of the companies can disclose timely and reliable information based on their cognitive and perceptual characteristics of capital market situations. This article aims to contribute to the capital market knowledge literature by presenting the framework of managers' inertia drivers in response to reliable disclosure of information. This study adopted mixed, both inductive and deductive approaches to develop an integrated framework, validate its practicability, and verify its effectiveness in selected firms listed on the Tehran Stock Exchange, respectively. In developing the framework and implementation procedure, the study employed a systematic screening data collection (qualitative) approach to review the managers' inertia drivers. Then, in this study's second phase, the Interpretive Rating Process (IRP) and Fuzzy Reference System are used to develop the framework of managers' inertia drivers in response to reliable disclosure of information. The study's results in the qualitative part indicate the determination of 8 driving areas of managers' inertia in the reliable disclosure of information. On the other hand, the quantitative section results showed that managers' overconfidence and excitability are the most influential fields in stimulating managers' inertia in the timely disclosure of information. Based on the results, it was determined that the excitability of managers' overconfidence in creating inertia causes managers' subjective estimates to cause exclusivity in information disclosure.

Iran as a maritime country, despite having a strategic position in the Middle East, and about 4,900 km of coastline along the northern coasts of the Persian Gulf and the Sea of Oman and the transit communication axis between the Caspian Sea and Persian Gulf, plays a decisive role in regional and international trade, therefore, it must have comprehensive and complete maritime laws so that it can comply with the international community and national and international issues. The importance of maritime rights should be evaluated according to various factors, including the strength of the national fleet, the level of movement and activity of the country's ports, and the country's geographical position in the region. The present study is descriptive and analytical in terms of nature and library method. In this study, the qualitative method of data analysis was used. In collecting sources and data, relevant books and laws were referred to, and the method of recording study slips was used. In the end, suggestions have been made to improve Iran's maritime law conditions.