Identifying and Ranking the Factors Affecting the Firms Financial Stability

Document Type : Original Article

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Abstract

The main purpose of this study is to identify and rank the factors affecting the financial stability of companies listed on the Tehran Stock Exchange. In order to identify the factors affecting the financial stability of companies, while reviewing the studies, semi-structured interviews were conducted using the qualitative method of theme analysis. Experts interviewed: 20 university professors, CEOs and senior auditors with accounting and management degrees. A review of the literature, research, and interview results reveals five main themes that categorize the factors affecting financial stability in companies. In this study, key factors have been identified and then the fuzzy Delphi technique has been used to rank and find the degree of importance of the factors. The results showed that performance factors, resource management, financial structure, liquidity and finally the characteristics of the company are effective in the financial stability of companies, respectively.
 
 

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