The study of the relationship between corporate governance structure and distress (crisis) Financial companies listed in the Stock Exchange

Mehdi Mardani¹ Arezo Falsafi² Reza Golestani³

1) Master of Islamic Azad University Ayatollah Amolie - Iran
2) Master of Islamic Azad University Ayatollah Amolie - Iran
3) Master of Islamic Azad University Ayatollah Amolie – Iran

IOI Code : XYAC-ZCABC
Publication : 3rd.International Conference on Modern Research’s in Management,Economics & Accounting(3meaconf.com)
Abstract :
    In examining the relationship between corporate governance structure and distress (crisis) financial There are various theories and empirical papers have examined this relationship and its risk factors examined. In this study, the influence of the corporate governance structure and distress (crisis) Financial companies listed in the Stock Exchange is studied. Tvsyfy_Astnbaty research is available research, descriptive statistics to describe the community and the samples analyzed and inferential statistics were used to analyze data associated with the hypothesis. The population of the 120 companies using Cochran s sampling 91 companies were selected as research samples and to gather information through document text mining in the financial statements provided by companies listed in Tehran Stock Exchange used is. The results suggest that in Iran capital market, the independence of the board and CEO duality of distress (crisis) had no significant positive relationship while institutional investment funds, property management and audit committee members with distress (crisis) Financial significant negative relationship, as well as a significant level of control variables, size and financial leverage the company showed a significant positive correlation between the two indices with financial distress companies. While life companies did not show a significant relationship with financial distress.

Keywords : corporate governance insolvency (crisis) financial leverage ratio exchange