Bakhtiar Ostadi; Parvin Tadrisi Pajou
Abstract
All financial institutions and banks have risks in their operations that have not been able to eliminate them, but there is the possibility of managing these risks. Therefore, financial institutions for continuity should be identify, control and reduce the risk of their life to do this, factors affecting ...
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All financial institutions and banks have risks in their operations that have not been able to eliminate them, but there is the possibility of managing these risks. Therefore, financial institutions for continuity should be identify, control and reduce the risk of their life to do this, factors affecting various risks will be very useful. In many of the financial institutions framework for managing risks to consider. In this paper, we assume the existence of a significant relationship between financial risk and financial ratios that can be validity by examining past research and then using canonical correlation analysis model to evaluate and calculate the relationship between financial risks and financial ratios presented. Canonical correlation analysis is an extension of multiple correlation for the relationship between the two sets of variables. Canonical analysis, linear combination of variables that are highly correlated with the second set of variables is found. Three financial risks include liquidity risk, credit and market using certain financial ratios and indicators have been defined and are considered as independent variables. As well as financial ratios, liquidity, leverage and profitability are dependent variables .To calculate risk and financial ratios of the information contained in the financial statements and the balance sheets of 10 banks Between 88 to 93 were used. Finally, it appears that liquidity risks have the greatest impact on financial ratios. After calculations, it is determined that liquidity risks have the most effect on the liquidity, leverage and profitability rations of bank with the effect values of 0.697, 0.644 and 0.624, respectively
Shokrollah Khajavi; Fatemeh sadat Amiri
Volume 10, Issue 38 , July 2013, , Pages 69-90
Abstract
In company’s bankruptcy, stockholders, creditors and other stakeholders incurred lose and got affected. Thus, before any decisions, it is necessary to consider whether there is any signs of bankruptcy. In this research, after recognition of influencing variables on companies’ bankruptcy, ...
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In company’s bankruptcy, stockholders, creditors and other stakeholders incurred lose and got affected. Thus, before any decisions, it is necessary to consider whether there is any signs of bankruptcy. In this research, after recognition of influencing variables on companies’ bankruptcy, quantitative variables were extracted from bankrupt companies’ financial statements and a questionnaire was used to measure these quantitative variables importance level. Afterwards, we ranked recognized factors using TOPSIS_AHP technique. After recognition and ranking efficient variables in bankruptcy, it was revealed that the most important factor of bankruptcy is the lack of market understanding. The ratio of total debts to total assets and managers attitudes were recognized as other key factors in bankruptcy.
