The mediating role of financial statement presentation quality and corporate governance on the interaction between decision-making styles and corporate health

Subject Areas : Financial Economics

Ali Masoudfar ¹ , رسول عبدی ² , Asgar Pakmaram ³ , Nader Rezaeid ⁴

1 - aPh.D. Candidate in Accounting, Bonab Branch, Islamic Azad University, Bonab,Iran.
2 - گروه حسابداری، واحد بناب، دانشگاه آزاد اسلامی، بناب، ایران.
3 - Associate Prof. of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran.
4 - Assistant Prof. of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran.

Received: 2023-02-12 Published : 2025-07-02

Keywords: Decision making, financial health, financial resilience, financial flexibility,

Abstract :

The health of companies is an issue that is related to the discussion of business continuity, bankruptcy and financial helplessness. Therefore, the aim of this research is the impact of decision-making styles on the health of companies in Iran's capital market. To measure the health of companies, the index of resilience, financial health and financial flexibility of the company has been used. In terms of purpose, the present research is applied, and in terms of data collection methods, descriptive-analytical survey based on structural modeling approach. The statistical population of the research is top and middle managers of listed companies and a standard questionnaire was used to collect data. In this research, the causal relationships between decision-making styles and financial health of companies were predicted. The results showed that immediate decision-making style affects financial resilience and financial flexibility, and also, the effect of avoidant, intuitive, rational and dependent decision-making styles on financial health was observed. Also, the results of this research showed that decision-making styles reduce the tendency to low financial health by strengthening corporate governance and the quality of presenting financial statements.