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        1 - Investigating the Role of Internal Managers; Global Financial Crisis and Financial Constraints on the Relationship Between Financial Loss and the Intensity of Investment in Research and Development Spending in Information Technology Companies
        Mohsen Hassani Ali lal bar
        The purpose of this study was to investigate the impact of internal managers, the global financial crisis and financial constraints on the relationship between financial loss and the intensity of investment in research and development spending in information technology More
        The purpose of this study was to investigate the impact of internal managers, the global financial crisis and financial constraints on the relationship between financial loss and the intensity of investment in research and development spending in information technology (IT) companies. The realm of research is the IT companies admitted to the Tehran Stock Exchange from 2006 to 2018. The present research is applied in applied research. The present research method in terms of nature, is a descriptive study and this method is considered as a correlation in the research category. In the research data section, data was collected from sample companies by referring to financial statements and explanatory notes. Based on the systematic elimination method, 20 companies in the field of information technology were selected as a statistical sample. In order to analyze the data, the pre-test variance analysis, F lemmer test, Hausman test and J-B test were used. Then, multivariate regression test was used to confirm and reject the research hypotheses. The results showed that there is a positive relationship between the financial loss and the intensity of investment in R&D expenditures in the IT companies, additionally, internal managers, the global financial crisis and financial constraints affect on the relationship between the financial loss and the intensity of investment in research expenditures, and the development of IT companies; the results obtained in this study are consistent with the documentation referenced in the theoretical framework of financial research and literature. Manuscript profile
      • Open Access Article

        2 - Study of selected macroeconomic variables from the perspective of moral hazard and financial constraints on return and capital structure in listed companies
        Masoumeh  Ebrahimi hosein panahian Hassan  Ghodrati mohsen rasolian
        The purpose of this paper is to examine the selected macroeconomic variables from the perspective of moral hazard and financial constraints on the return and capital structure in listed companies in addition to macroeconomic variables, the present study seeks to investi More
        The purpose of this paper is to examine the selected macroeconomic variables from the perspective of moral hazard and financial constraints on the return and capital structure in listed companies in addition to macroeconomic variables, the present study seeks to investigate and explain ethical risks and inappropriate choices in the capital market and the role of ethics in reducing it. This research is qualitative / quantitative. A number of stock exchange experts have been selected as sample respondents to the interview questions, and among the issues that determine the direction of this research and interview questions, the literature on selected macroeconomic variables, financial constraints and its effect on returns and capital structure and actors. Companies listed on the Tehran Stock Exchange. To analyze the opinions of experts, first from the grounded theory method to identify indicators, from the fuzzy Delphi method and structural equations to evaluate selected macroeconomic variables, financial constraints and its effect on return and capital structure and capital companies and activists listed on the Tehran Stock Exchange The fuzzy dimtel method was used to prioritize the indicators and monitor the factors, and the structural equations were used to examine the relationships between the variables. In the research, we also intend to show that following ethical principles and developing ethical guidelines and creating a culture for the governance of ethical values can be very effective in reducing the risks of financial markets and creating transparency, reducing the cost of supervision and enforcing laws. Also guarantee. Findings showed that financial constraints affect the severity of the impact of economic output gap on capital structure, stock returns, company size and moral hazard on stock returns. Manuscript profile