علی حسین پور کریم آباد

The purpose of this study is to investigate the relationship between the revaluation of fixed assets and the exit from real and legal financial distress of companies listed on the Iranian capital market (both stock exchange and OTC).In this research, legal financial distress has been calculated using the financial ratio in Article 141 of the Commercial Law and real financial distress using the localized model of Kurdistani-Tatli (2013). In this regard, first of all the mentioned companies that had revaluation of fixed assets during the period of 2011 to 2021, those who were suffering from legal and real financial difficulties, were identified and then the relationship between revaluation and the exit of this Companies were evaluated for financial and legal distress in the year of revision and up to two years later using logistic regression and the variables of company life, financial leverage, return on assets and company size were also considered as control variables. The results of the research show that there is a significant relationship between revaluation and exit from legal and real financial distress in the year of revaluation and not including financial distress until two years after the revaluation.

One The purpose of this study was to investigate the relationship between the revaluation of fixed assets and the modification of the financial structure of companies listed on the Iranian capital market (both stock exchange and OTC). Since increasing the debt capacity and improving the liquidity of business units can also help to improve the financial structure of business units, the relationship between fixed assets revaluation and these two variables was also investigated. In this regard, first, all the mentioned companies that had revaluation of fixed assets during the ten-year period from 2011 to 2020 were identified and then the effect of revaluation on their financial structure as well as debt capacity and liquidity using generalized least squares regression. The variables of company size, growth opportunity and profitability were also considered as control variables in the financial structure model. The results of the research demonstrated that there was a significant relationship between the revaluation of fixed assets and the modification of the financial structure, the increase in debt capacity and the increase in liquidity. These results are in line with the goal of the legislator, particularly Article 14 of the law on maximum use of the country production and service capacity and protection of Iranian goods approved on 5th May, 2019, which encourages companies to reform the financial structure, to revaluate fixed assets and increase capital from this point.