Estimation of the model of factors affecting financial stability of companies listed on the Tehran Stock Exchange

Subject Areas : Journal of Investment Knowledge

Amirali Bamzar ¹ , Mohammadreza Mehrabanpour ² , hossein Jahangirnia ^{3 *} , mozhgan safa ⁴

1 - PhD.Student in Accunting, Qom Branch, Islamic Azad University, Qom, Iran.
2 - Assistant Professor,Department Of Accunting,University Of Tehran, Farabi Campus Qom, Qom, Iran.
3 - Assistant Professor, Department Of Accunting, Qom Branch, Islamic Azad University, Qom, Iran.
4 - Assistant Professor, Department Of Accunting, Qom Branch, Islamic Azad University, Qom, Iran.

Received: 2021-06-12 Accepted : 2021-08-08 Published : 2024-12-21

Keywords: model estimation, key words: Financial stability, financial indicators,

Abstract :

AbstractThe main purpose of this study is to estimate the model of factors affecting financial stability in companies listed on the Tehran Stock Exchange. The research method in terms of design was descriptive-analytical based on past events, field experiments, retrospective or causal after occurrence. A review of the literature, research, and interview results reveals five main themes that categorize the factors affecting financial stability in companies. In the following, the effect of these components on financial stability in companies is evaluated. For this purpose, the performance information of 130 companies that have been screened by the method of screening in the period 2015-2019. The results showed that, return on investment and profit to price ratio per share (from performance indicators), working capital (from resource management indicators), financial cost coverage (from financial structure indicators), instantaneous ratio (from indicators Liquidity indices) and institutional ownership (characteristics of the company) have a positive effect on the financial stability of companies. Also, receivables period (from resource management indicators), long-term debt ratio (from financial structure indicators), debt repayment period (from liquidity indicators) have had a negative impact on financial stability.key words: Financial stability, financial indicators, model estimation.

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