نشریه تحلیل مالی
سال ششم شماره 1 (بهار 1401)

Financial distress is impact by several financial and accounting factors, which can be referred to earning management and ownership status. Therefore, in this study, the effect of earning management and government ownership on the financial distress is examined. In order to test the research hypotheses, in state-owned companies and firms listed in the Tehran Stock Exchange over the period 2014 to 2022 and using information of 462 firms, the results show that whenever government exercise significant influence in firms, it has an important effect on financial constraints. However, earnings management in companies with significant public sector influence does not have any impact on financial distress

Over the past decads,tax avoidance has captured numerous researcher’s attention .Tax avoidance is a crucial decision made by managers, which can have either positive or negative impacts on a company’s value through hindering the transferring of resources to the government .Hence ,managers can directly influence a company’s decisions. This article aims to discover the correlation between investment efficiency and tax avoidance regarding the auditor type in companies accepted in Tehran stock Exchange .The statistical sample includes 120 companies from 2013-2017 ,being analyzed via multivate regression and panel date. The research findings demonstrate that there is a significant yet negative relationship between investment efficiency and tax avoidance, and it indicated that the type of auditor could weaken this relationship.

Our country is among developing countries which represent interesting in regard to corporate governance mechanisms, because operating firms in them don't follow usual norms and incomplete commodity markets, managerial intellectual capital is prolific in those countries. Therefore, our research intends to examine the relationship between corporate governance and firm performance. A sample consists of 1,276 company-year observations (for 116 companies during 11 years from- 2011 to 2021. The data is extracted from audited financial statements and macroeconomic indicators are obtained from international databases (for example: The World Bank). Both categories of book value (return and asset and return on equity) and market value (Q-Tobin) performance indicators are used in this research to increase result credibility . Our findings show no relationship between board size and performance indicators (both market based and booked value based). Other findings implicate positive relationship between non-executive boards and performance. Finally, research results suggest negative adjustments in presence of institutional macroeconomic factors, some economic and institutional factors had negative adjustment in presence of ROA and ROE. Using marketbased proxy for company performance provided similar results regarding negative adjustment of institutional macroeconomic factors.