The effect of Managerial Social Capital on Bankruptcy Risk with an emphasis on Passive Institutional Owners (Case Study: Companies Listed on the Tehran Stock Exchange)
Subject Areas : Commercial Management
Mohammadreza Abbasi Astamal
1
,
Parya Azimi
2
1 - Assistant Professor, Department of Accounting, Varzeghan Branch, Islamic Azad University, Varzeghan, Iran
2 - Master's student, Department of Accounting, Ahar Branch, Islamic Azad University, Ahar, Iran
Keywords: Social capital, bankruptcy risk, Institutional owners,
Abstract :
The present study examines the impact of managerial social capital on bankruptcy risk with an emphasis on passive institutional owners. This research is practical in terms of purpose, and from the point of view of correlation methodology, it is causal type (post-event). The statistical population of the research is all the companies admitted to the Tehran Stock Exchange, and using the systematic elimination sampling method, 145 companies were selected as the research sample in the 6-year period between 2016 and 2021. The method used to collect information is a library, and the relevant data for measuring the variables were collected from the Kodal website and the financial statements of the companies, and the initial calculations were made in Excel, and then, to test the hypotheses of the research, Eviuse software and logistic regression were used. The results of the research show that managerial social capital and passive institutional owners have a direct and significant effect on bankruptcy risk. Also, passive institutional owners have a direct and significant effect on the relationship between managerial social capital and bankruptcy risk. In other words, the interaction of managerial social capital and passive institutional owners and their increase leads to an increase in the risk of bankruptcy of companies.
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