Ramazanali Jobleh - Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran
MohammadReza Abdoli - Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran
AliAsghar Mahmoodzadeh - Department of Accounting, Shahrood Branch, Islamic Azad University, Shahrood, Iran

In developed economies, the key role of risk management in realization of organizational goals has been well recognized so that its achievements have been correctly exploited. However, in most developing countries, the importance of risk management has not been recognized. The lack of proper risk management systems has resulted in significant losses. Managers in all organizations dealing with risk. Given the importance of risk management, the present study examines the impact of financial pressures and risk management on financial performance of investment firms and banks. For this purpose, ۱۰۶ firms listed on Tehran Stock Exchange (TSE) were studied for a ۵-year period from ۲۰۰۶ to ۲۰۱۱. The results of hypothesis testing showed that there is no significant correlation between risk, financial performance and financial performance of investment firms. However, a significant correlation was found between financial constraints and risks and financial performance of investment firms and banks.

Risk, Financial Constraints, Financial Performance, Financial Pressures