Financial health

Open Access Article

1 - The Effect Corruption on the Financial Health of Islamic Banks
Vahid Bekhradi Nasab Fatemeh Zholanezhad

Islamic banking is developing rapidly around the world and is increasingly recognized as a viable alternative mode of financing especially these last years when capitalism has shown its limits and weaknesses. However, this astronomical growth of banking and Islamic fina More

Islamic banking is developing rapidly around the world and is increasingly recognized as a viable alternative mode of financing especially these last years when capitalism has shown its limits and weaknesses. However, this astronomical growth of banking and Islamic finance was associated with a high level of corruption that plagues many Muslim countries. This ailment of corruption can deter Islamic banking to be a better effective and meaningful pathway for poverty reduction and economic development.The purpose of this paper is to investigate the impact of corruption on the soundness of Islamic banks. The purpose of this study is to assess the effect of corruption on the financial health of Islamic banks. The statistical population of this study is all banks accepted in Tehran Stock Exchange during the period from 2011 to 2016. Sample was selected based on the systematic elimination method and 23 banks were the basis for research hypothesis. The research method's research hypothesis and the fitting of the research model have been done using the EViews econometric software. There is a negative and significant relationship between financial corruption with the health of Islamic banks.Evidence of research suggests that, with the intensification of corruption at the country level, the financial health of banks has decreased and corruption has an adverse effect on the financial health of banks. In other words, financial corruption in the country threatens the financial health of banks. Manuscript profile

Open Access Article

2 - Studying the Association between Agency Costs and Corporate Financial Health: Empirical Evidence from Tehran Stock Exchange
Nezamoddin Rahimian Bahman Qaderi Fatemeh Danshyar

Based on theoretical finance and accounting literature, distress firm's managers manipulate their financial information and real activities in order to hide and postpone bad news about financial distress situation. In fact, in these companies, management efforts are on More

Based on theoretical finance and accounting literature, distress firm's managers manipulate their financial information and real activities in order to hide and postpone bad news about financial distress situation. In fact, in these companies, management efforts are on track to provide personal benefits rather than putting in place to improving financial situation of the company. Therefore, this research aims to investigate the association between agency costs and corporate financial health. 120 publicly listed firms from Tehran Stock Exchange for the period 1382 to 1395 (Iranian Calendar) are selected as final data set. The research hypotheses were tested by using multivariate linear regression and Comparison of means. The results based on Altman adjusted z-score (1968) indicate that agency costs derived from the separation of ownership and management is one of the factors affecting the financial distress and the agency costs in healthy firms is lower than unhealthy companies. But the results based on Olson's financial health index (1980) indicate that there is no relationship between the agency costs and the level of financial health and there is no significant difference between the agency costs in healthy and non-healthy companies. Manuscript profile

Open Access Article

3 - The role of leverage on a portfolio of stocks due to the Financial health of companies
Tahere yosefvand Azita jahanshad

The aim of this study is to analyze the effect of leverage changes on stock return considering the different levels of the companies listed in Tehran Stock Exchange. The method of this research, regarding nature and content, is correlational, and purpose, application. T More

The aim of this study is to analyze the effect of leverage changes on stock return considering the different levels of the companies listed in Tehran Stock Exchange. The method of this research, regarding nature and content, is correlational, and purpose, application. This study is done using multiple regression and time series data for the period 2005-2012 for operating and listed companies in Tehran Stock Exchange. The results indicate that the expected return of sorted portfolios based on financial leverage has a significant difference with the actual return of these portfolios. Also, the leverage changes have a negative impact on portfolio returns. The intensity of the impact of leverage changes in higher levels of leverage is higher than the low levels of leverage changes. The intensity of the negative effects of leverage changes in high levels of leverage and lower health is more than low levels of leverage changes and higher financial health. Manuscript profile

Open Access Article

4 - Developing the Concept of Corporate Sustainability Accounting Structures and Corporate Financial Health In the ICM
farzad ghaderi asgar pakmaram hasan galibafe asl Jamal Bahri Sales

Coroprate Financial health is an issue that is related to the continuity of activity, bankruptcy, financial helplessness and the stability of accounting information. Therefore, following the research of Poutang(2011) & Balugani(2020) the aim of this study is to prov More

Coroprate Financial health is an issue that is related to the continuity of activity, bankruptcy, financial helplessness and the stability of accounting information. Therefore, following the research of Poutang(2011) & Balugani(2020) the aim of this study is to provide a model for corporate financial health by predicting causal relationships between sustainable accounting structures (Awareness of accounting ethics, Voluntary Accounting Proactiveness, Transparency Accounting Mindset, Human Capital Disclosure, Social Responsibility Reporting) and corporate financial health. Is. The statistical population of this study was managers and financial experts of the surveyed companies and standard questionnaire was used to collect data. After performing the reliability and validity tests of the sample data, the relevant analyzes were performed based on the structural equation modeling approach. The results showed that the financial health of companies is affected by sustainability structures (voluntary accounting activities, transparency of accounting thinking and social responsibility reporting). Companies must have sustainable accounting features in order to avoid financial hardship and financial health. Therefore, if investors and stakeholders cannot rely on this sustainable information, the company's financial health is likely to decline. Manuscript profile

Open Access Article

5 - Developing a Model for the Assessment and Evaluation of Financial Health in Iran
Mohammad Reza Pourali

Financial health is defined as capability of making  profit and the continuation of industrial entity activity. This research aims at the determination and recognition of financial components and features affecting health and presentation of a model based on Multin More

Financial health is defined as capability of making  profit and the continuation of industrial entity activity. This research aims at the determination and recognition of financial components and features affecting health and presentation of a model based on Multinomial logistic Regression (MLR) approach to assess and evaluate financial health in Iran. companies in this research have been divided into three groups as to their financial health state called; healthy, intermediate and distressed.In order to test the accuracy of prediction and trath-value of the extracted model , the selected companies at every level of health were divided as symmetrical pairs in to control and experimental groups.Using Excel software 15 financial ratios were calculated in 5 states of liquidity, leverage, activity , market value and Value creation . SPSS (17) was used to test hypotheses , (ANOVA) and Kruskal-Wallis statistical variance analysis to compare the average and SD of ratios at 5% level of error. Research findings show that there is significant statistical differences among these companies according to different levels of financial health based on leverage, activity and market value ratios. But the liquidity and  Value creation  state difference of these three levels is significant and the components affecting financial health are as quick ,current , debt , the proportion of net working capital to total assets ratios, EVA and MVA.  Based on Dunnett and Tukey tests the distressed companies are the factors yielding the difference. i.e. distressed companies are statistically on one side and intermediate and healthy ones on the other side of distribution. As a resalt two models were presented, one for distressed companies and another one for intermediate and healthy ones. The test of model prediction accuracy in the experimental group at three levels of distressed , intermediate , healthy and total are subsequently 70% , 92% , 100%, 88.88% and shows 66% , 79.16% , 77.7% and 76.92% of prediction accuracy and classification in the control group. Manuscript profile

Open Access Article

6 - Financial Coaching and Financial Therapy: Differences and Boundaries
shokrollah khajavi Arezoo Mosallanejad

10.30486/fbra.2022.1963425.1138

Introduction: "Financial therapy" and "financial coaching" are relatively new terms in the financial literature. Study and research in these two areas is increasing rapidly and all of these studies emphasize their importance.Aim: The purpose of this conceptual paper is More

Introduction: "Financial therapy" and "financial coaching" are relatively new terms in the financial literature. Study and research in these two areas is increasing rapidly and all of these studies emphasize their importance.Aim: The purpose of this conceptual paper is to disentangle differences between financial coaching and financial therapy.Method: At first the experiences of financial educators identify with Review studies and finally introduce the types of competencies required (including experience, skills, knowledge and awareness) to perform the tasks assigned to them based on the knowledge gained.Results: While financial coaching and financial therapy share many techniques and approaches, financial therapy is a more inclusive practice. Financial therapy (e.g., financial therapists) has the ability to address dysfunctional money attitudes, as well as money disorders, and covers a wider time spectrum of healing a person’s past trauma and old pains. Another difference between financial coaching and financial therapy that is discussed in the paper is the arrangement of services and compensation.Conclusion: The paper does not suggest that one approach is better or right. Each approach can be appropriate for particular situations Manuscript profile

Open Access Article

7 - The Effect of Industry Type on the Relationship between Financial Reporting Transparency and Financial Health in Tehran Stock Exchange
Gholamreza Taherpour Ali Khozain Arash Naderian Gemadverdi Gorganli Doji

10.22034/amfa.2020.1877543.1281

Manuscript profile

Open Access Article

8 - Evaluating the Effect of Financial Health Indexes from the Aspect of Inhibiting and Opportunistic Behaviors of Income Management in Companies with Different Investment Opportunities
Omid Sabaghiyan Toosi Zahra Moradi Shohreh Yazdani

This research has compared effect of financial health indicators from the perspective of deterrence and opportunism in income management behaviors, based on the analysis of data from 320 companies during the years 2010-2020 using Eviews software in companies with differ More

This research has compared effect of financial health indicators from the perspective of deterrence and opportunism in income management behaviors, based on the analysis of data from 320 companies during the years 2010-2020 using Eviews software in companies with different investment opportunities. To test the hypotheses of the statistical population using the middle of 4 methods MEQLDTA, MB, PPEQGMEQLD and GrowthPPE, and classified into two groups of companies with high and low investment opportunities. Hypotheses tested in OLS and ARMA methods. Then, based on the cumulative analysis of financial health factors, these variables were weighted. The results show that the variables of ROA with weight of (-7), RER with weight of (-4) and LDR with weight of (-3) were respectively effective in playing the role of deterrent from income management motivation. On the other hand, variables of LEV with weight of (+6), DLOSS with weight of (+5) and INDIR with weight of (+4) were respectively recognized as effective factors on the opportunistic behavior of income management in companies with different investment opportunities. In companies with low investment opportunities that are separated by MB method, based on the optimal value of the coefficient of determination and the negative relationship of financial health indicators, it is more likely that this group has high financial health based on the inhibition of income management’s motivation. On the other hand, the findings show that in companies with low investment opportunity separated by the Growthppe method, the opportunistic behavior of income management is more evident. Manuscript profile

Open Access Article

9 - Presenting the financial health model based on the disclosure of corporate social responsibility and the transparency of financial reporting in Tehran Stock Exchange
gholamreza Taherpour Ali khozein Arash naderian jemadverdi Gorganli Dooji

The purpose of this research is to investigate the financial health model based on the disclosure of corporate social responsibility and the transparency of financial reporting in the Tehran Stock Exchange. The statistical population of companies admitted to the Tehran More

The purpose of this research is to investigate the financial health model based on the disclosure of corporate social responsibility and the transparency of financial reporting in the Tehran Stock Exchange. The statistical population of companies admitted to the Tehran Stock Exchange during the years 1390 to 1400 is that 217 companies were selected as a statistical sample by the method of systematic elimination, and the research hypotheses were tested using mixed regression. The results of the significance test of the coefficients based on the fitted regression equations indicate the existence of a significant positive relationship between the disclosure of corporate social responsibility and financial health. Also, there is a positive and significant effect between financial reporting transparency and financial health. The result of this research will help managers to improve and develop effective policies related to social responsibility disclosure that are necessary to achieve financial health in the short and long term. Therefore, with appropriate investments, in companies that have more transparent and stable financial statements, they provide the basis for increasing the profitability and financial health of business units. Manuscript profile

Open Access Article

10 - Presenting the quality model of financial reporting with emphasis on the dimensions of personality type and the dimensions of the organizational atmosphere and the mediating role of financial health
Nima Osanlo Mohammad Reza Pourali Mahmood Samadi largani Mohammad ali Nasimi

The most important goal of the accounting information system is to provide users with useful information for making decisions. Considering that the personality dimensions of managers and dimensions of the organizational atmosphere can affect the quality of financial rep More

The most important goal of the accounting information system is to provide users with useful information for making decisions. Considering that the personality dimensions of managers and dimensions of the organizational atmosphere can affect the quality of financial reporting, therefore, the present study seeks to provide a model of the quality of financial reporting with an emphasis on the personality dimensions of managers and the dimensions of the organizational atmosphere and the mediating role of financial health. The statistical population of this research is the financial managers working in listed companies whose head offices are located in Tehran, who are 202 people using the purposeful sampling method and Cochran's formula. In this research, exploratory factor analysis was used using SPSS software, and hypotheses were analyzed with the help of PLS software. The results of the research show that the personality dimensions of extroversion, emotional stability, agreeableness, enthusiasm for new business and responsibility have an impact on the quality of financial reporting. It is important to mention that extraversion has a negative relationship with the quality of financial reporting. From other aspects, the relationship between the dimensions of clarity and clarity of goals, clarity and clarity of role, satisfaction and agreement on procedures and the effectiveness of communication with the quality of financial reporting is positive and meaningful. But then, satisfaction with the reward has no significant relationship with the quality of financial reporting. Manuscript profile

Open Access Article

11 - The impact of electronic auditing on the financial health in the government and government-related devices in Iran
Mahmood Hematfar Hafez Azadbakht Farid Sefati

Investigations carried out about administrative corruption at the world level show that this phenomenon is becoming more complex day by day, and this has made the most of the importance of adopting comprehensive solutions for a business unit from its professional requir More

Investigations carried out about administrative corruption at the world level show that this phenomenon is becoming more complex day by day, and this has made the most of the importance of adopting comprehensive solutions for a business unit from its professional requirements. The purpose of this research is to investigate the effect of electronic auditing on financial health in government and government-affiliated institutions of Iran. This research is a hybrid type of research and the research design is mixed exploratory. The statistical community of this research includes two parts. In the qualitative part of the research, it is in the opinion of experts and specialists who have experience in government and government-affiliated institutions in Lorestan province, Kohdasht city. In the qualitative part, saturation sampling is used. In the quantitative part, it was used to fit the model based on the criteria extracted from the qualitative part, according to the managers and employees of government and government-affiliated institutions in Lorestan province, Kohdasht city, to select the sample using random sampling available due to limited Being a research community, we do not have sampling. The tools of data collection in the qualitative part were semi-structured questionnaires and field interviews. In order to analyze the data, in the qualitative part, the Grand Theory method was used, and in the quantitative part, Pls software was used. The results of the open coding of the qualitative data collected using the interview tool show that 62 primary codes have been identified among 171 concepts. ... Manuscript profile

Open Access Article

12 - Effect of Financial Health Indicators as Symbols of Bank Financial Crisis Using Logit Model Multivariate (A Case Study of Banks Accepted in Exchange)
alireza atefifar zadollah fathi

The purpose of this study was to investigate the effectiveness of financial health indicators as indicators of banking financial crisis by applying multivariate logit models (case study of banks accepted in the stock exchange). For this purpose, among the banks accepted More

The purpose of this study was to investigate the effectiveness of financial health indicators as indicators of banking financial crisis by applying multivariate logit models (case study of banks accepted in the stock exchange). For this purpose, among the banks accepted in the exchange, 9 banks were selected for sample. This research is a correlation research and the methodology of the present research is post-event type. A combination of two methods of field and library was used for collecting data. We used logistic regression to analyze the findings. We also used the fuzzy technique for the AHP technique to prioritize the main criteria. According to the findings of the research, according to the choice of the Enter method for data entry, based on the sig statistic, the 4 variable variables (LQ4, LQ1, CA1 and LQ2) were significant. Based on the results of the Logit model, only four financial ratios among the ratios of Kaml introduced in the correct ranking of the banks studied are based on Camel's combined value. Also, according to Delphi technique, the quality of management with the normal weight of 0.221 is the highest priority. The asset quality with a normal weight of 0.104 in the second priority, a confidence with a normal weight of 0.085 in the third priority, capital adequacy with a normal weight of 0.075 in the fourth priority and profitability with The normal weight of 0.070 was in the top priority. Manuscript profile

Open Access Article

13 - Application of artificial intelligence in identifying functional factors affecting financial health
parisa pazouki fatemeh saraf mahbobe jafari ali baghani

Due to the importance of identifying the factors affecting financial health and predicting the degree of financial health of companies in this study, appropriate indicators have been identified to explain financial health and also predict the degree of financial health More

Due to the importance of identifying the factors affecting financial health and predicting the degree of financial health of companies in this study, appropriate indicators have been identified to explain financial health and also predict the degree of financial health of Tehran Stock Exchange companies with an approach based on artificial intelligence. For this purpose, the information of 138 companies during the years 1390 to 1398 and Matlab software were used to test the research hypotheses. Accounting performance criteria used in this research: systematic risk, long-term debt to total assets ratio, current assets to total assets ratio, working capital ratio, instantaneous ratio, account receivable to total assets ratio, return on assets, company growth, growth Sales, are. The results showed that the artificial intelligence algorithm method with a power of more than 90% has the ability to predict the financial health of companies and also among the criteria of financial performance, company growth, return on assets, sales growth and current assets to assets to explain the financial health of companies have the highest impact. Manuscript profile

Open Access Article

14 - The Strategic Role of Risk Management on the Interaction between Efficiency, Performance and Financial Health of Banks
mirmorteza mousavi asgar pakmaram jamal bahri sales hasan galebafacl

All organizations face risk in achieving their predetermined goals, but if they understand and enjoy strategic risk management, that risk can become a competitive advantage. Banks, as the most important institutions active in the monetary and financial markets, play an More

All organizations face risk in achieving their predetermined goals, but if they understand and enjoy strategic risk management, that risk can become a competitive advantage. Banks, as the most important institutions active in the monetary and financial markets, play an important role in the growth and development of countries. Due to this essential role and prevention of wastage of financial resources, reviewing the efficiency of banks has a special place. Due to this importance, national and international regulators are trying to prevent banks from increasing their risk of bankruptcy by imposing limited liabilities. On the other hand, imposing this restriction may weaken banks 'performance by reducing banks' investment and lending powers. Therefore, the main purpose of the present study, following the research of Lu et al (2018) and the third statement of the Wing Committee (2014), is to investigate the impact of risk management dimensions (determining risk appetite and risk appetite, formulating and implementing risk strategy, internal evaluation, planning and crisis testing and Reporting and Transparency). The interaction between efficiency, performance and financial health of the Iranian banking industry has been discussed. The statistical population of this research is the managers of branches of Iranian banking industry and standard questionnaire was used for data gathering. The results showed that reporting and transparency had a significant effect on the interaction between efficiency, performance and financial health of banks. There was also a significant effect of internal evaluation, planning and crisis testing on the interaction between performance and financial health of banks. Manuscript profile

Open Access Article

15 - The Strategic Role of Risk Management on the Interaction between Efficiency, Performance and Financial Health of Banks
mirmorteza mousavi asgar pakmaram jamal bahri sales hasan galebafacl

All organizations face risk in achieving their predetermined goals, but if they understand and enjoy strategic risk management, that risk can become a competitive advantage.Banks, as the most important endpoints of our financial crisis, have also become increasingly s h More

All organizations face risk in achieving their predetermined goals, but if they understand and enjoy strategic risk management, that risk can become a competitive advantage.Banks, as the most important endpoints of our financial crisis, have also become increasingly s have special interest rates. Finally, the international myths of the past seemaggressive. Due to our tightened resources, some bank to have some limitations in order to avoid the increased risk of the banks, the financial intermediaries, with the banks, the banks and the investment banks. Therefore, the main purpose of the present study, following the research of Lu et al. (2018) and the third statement of the Wing Committee (2014), is to investigate the impact of risk management dimensions (determining risk appetite and risk appetite, formulating and implementing risk strategy, internal evaluation, planning and crisis testing). , Reporting and Transparency) The interaction between efficiency, performance and financial health of the Iranian banking industry has been discussed. The statistical population of this research is the managers of branches and branches of Iranian banking industry and standard questionnaire was used for data gathering. The results showed that reporting and transparency had a significant effect on the interaction between efficiency, performance and financial health of banks. There was also a significant effect of internal evaluation, planning and crisis testing on the interaction between performance and financial health of banks.  Manuscript profile

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