Optimal Financial Leverage and Financial Crisis Control; Emphasizing the Moderating Role of Managers' Ability

The present research has investigated the relationship between the speed of achieving optimal financial leverage and the control of financial crisis in companies, emphasizing the moderating effect of managers' ability. In order to measure the hypotheses of the research, the panel data of 124 companies admitted to the stock exchange in a 10-year period (from 2014 to 2023) has been used. The data collection in this research was done by the library method and the data related to the variables were collected from the comprehensive information site of the publishers and the financial reports of the sample companies and the preliminary calculations of the panel were done in Excel, finally using the Stata software. It has been used to measure the hypotheses. The results of the research hypothesis test showed that the speed of achieving the optimal financial leverage had the opposite effect on the financial crisis of companies. Also, the results indicate that the interaction between the speed of adjustment of financial leverage and the ability of managers has no effect on the financial crisis of companies.