Document Type : Original Article
Authors
1
Associated Professor, Department of Industrial Engineering, Faculty of Engineering, University of Sistan and Baluchestan, Zahedan, Iran
2
M.A., Deparment of Industrial Engineering, Faculty of Engineering, University of Sistan and Baluchestan , Zahedan, Iran
10.22065/jsce.2023.388928.3057
Abstract
Since successful organizations refer to organizations that can fully manage all existing risks, especially financial risks, therefore the purpose of this study is to investigate the mediating role of the cost stickiness in the relationship between intangible assets and the purpose of this paper was to identify the factors affecting the financial risks of companies by considering the effects of fluctuations of those factors and selecting the selected variables. In this study, the information of 19 listed companies at Tehran Stock Exchange during 2012-2022 was used. Also, to analyze the findings, the structural equations modeling approach and 31 variables, including financial ratio, size factor, company growth, and competitive strategy, were utilized together and simultaneously. The results showed that 64.4% of financial risks were explained by fluctuations in the research variables. Also, by using the load factor values and beta coefficient test, the financial ratios, such as financial ratios such as Asset turnover period, Return on assets, Cash ratio, Interest expense to sales and Cash flow operating to sales ratio; were found to be of particular importance. In addition, by using the t-test, the effects of financial ratios, firm size, growth factors, and competitive strategies on financial risks were observed to be significant.
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