Explaining the pattern of financial helplessness in companies admitted to the Tehran Stock Exchange

Document Type : Original Article

Authors
Ebrahim Yousefi nejad 1
naghei fazeli 2
Arezoo Khosravani 2
Arefeh Mohaghegh 2
1 Ph.D Student, Semnan Branch, Islamic Azad University, Semnan, Iran
2 Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran
10.30495/jik.2024.77620.4542
Abstract
The purpose of this research is to explain the pattern of financial helplessness in companies admitted to the Tehran Stock Exchange. In line with the purpose of the research, the relevant information was collected from the financial statements of the companies admitted to the Tehran Stock Exchange, in the period of 2010-2021. Multivariate regression with panel data was used for statistical analysis. The results of the research show that profit smoothing, profit quality, conservatism in accounting, diversification, real profit management, agency cost, managers' ability, working capital, financial leverage, asset return rate, ratio of book value to market value. Altman's measure of financial helplessness has a significant effect.
The purpose of this research is to explain the pattern of financial helplessness in companies admitted to the Tehran Stock Exchange. In line with the purpose of the research, the relevant information was collected from the financial statements of the companies admitted to the Tehran Stock Exchange, in the period of 2010-2011. Multivariate regression with panel data was used for statistical analysis. The results of the research show that profit smoothing, profit quality, conservatism in accounting, diversification, real profit management, agency cost, managers' ability, working capital, financial leverage, asset return rate, ratio of book value to market value. Altman's measure of financial helplessness has a significant effect.
Keywords
Financial distress
profit smoothing
agency cost
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