Study of the Relationships between FinancialStrength Index, Accruals Quality, StandardizedCash Flows and Corporate Bank Debt

Growth and progress in the capital markets has a great impact on the economic growthof various industries and the country’s economic growth. According to the current situationof the capital market in our country, the relationship between financial strength index,accruals quality, standardized cash flows, corporate bank debt, and the results obtainedfrom the research and providing suggestions in connection with the mutual relationshipbetween these two variables can outline an approach to achieve long - term goals. In thisstudy, we have examined the financial data of ۱۰۸ companies listed on Tehran StockExchange during ۲۰۰۹ to ۲۰۱۴ (۶۴۸ companies-year). We used Spss۲۰, Eviews۷ andMinitab۱۶ software applications for the analysis of the research hypotheses. The resultsobtained from this research indicate that there is a direct and significant relationshipbetween financial strength index and corporate bank debt, and between profitability indexand corporate bank debt. Also, there is an inverse significant relationship between accrualsquality and corporate bank debt. Moreover, the research results confirmed that there is aninverse significant relationship between standardized cash flows and corporate bank debt.

کلیدواژه ها:

financial strength index ، corporate bank debt ، accruals quality ، standardized cash flow ، profitability index ، panel data