The Effect of Risk Management on the Speed of Adjustment of Commercial Credit by Considering the Role of Structural Characteristics of Companies' Management

Subject Areas : Financial Mathematics

Ali Akbar Alahyari ¹ , Ali Mohammadi ² , Vahab Rostami ³ , Ali Bayat ⁴

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Received: 2025-06-28 Accepted : 2025-09-29 Published : 2025-07-23

Keywords: Commercial Credit Adjustment, Enterprise Risk Management, Structural Characteristics of Management,

Abstract :

This research aims to investigate the effect of risk management on the speed of adjustment of commercial credit by considering the role of structural characteristics of companies' management. The statistical population is all the companies listed on the Tehran Stock Exchange, and using the systematic elimination sampling method, 124 companies were selected as the research sample. They were examined in the ten years between 2014 and 2023. The results of the research hypotheses test showed that risk management has a direct and significant effect on the adjustment speed of trade receivables and payables. Also, the interaction of management history with risk management directly affects the speed of commercial credit payable and receivable adjustment. The interaction of management independence and risk management has a direct and significant effect on the speed of adjustment of trade credit payable, the interaction of these two variables has an inverse impact on the speed of adjustment of trade credit receivable, and finally, the interaction of the position of management and risk management influences the speed of adjustment of trade credit payable and is not receivable. In summary, this research indicates that risk management plays a significant role in the speed of trade credit adjustment, and this relationship is influenced by the company’s managerial structural characteristics. The findings emphasize the importance of risk management strategies and managerial structure in enhancing financial transparency and efficiency.

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