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The Effect of Macroeconomic and Governance Factors on Financial Distress in Manufacture Firms Listed in Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sadeghi, Hossein Rahimi, Parisa Salmani, Yunes |
| Copyright Year | 2013 |
| Abstract | Financial distress caused by internal (Governance) and external (macroeconomic) factors can lead to a waste of resources. On the other hand, with the knowledge of the effectiveness of macroeconomic factors and Governance in financial distress, financial managers will be able to take appropriate actions to prevent financial distress. Investors also identify suitable opportunities to invest their own capital at minimum risk. This study analyses the impact of macroeconomic and the Governance factors on Financial Distress in manufacturing companies listed in Tehran Stock Exchange during the period from 1382 to 1386, by using of panel Logit. The results show that, firstly; of corporate governance factors; high levels of activity background, leverage ratio and ownership concentration increases the probability of financial distress and high levels of the firm size, agency costs, and Current Ratio reduce it. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://danesh24.um.ac.ir/index.php/development/article/download/45860/7597 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
