Frahad Amiri - نویسنده مسئول
Shahla Vazifeh Damirchi - نویسنده دوم

In this study, the relationship between corporate governance indices and the risk of bankruptcy was examined. The statistical population was chosen among Tehran Stock Exchange companies and by using systematic write off method the financial information related to ۸۱ companies in a five-year period of ۲۰۱۹ - ۲۰۲۳ were collected and then the hypotheses of the research were analyzed via panel regression models by using the fifth version of software SPSS. The results show that governmental ownership, majority ownership, Managers ownership and financial leverage in a confidence level of ۹۵% and the error of ۵% is significant but it is reverse. As a result, there is a reverse relation between these variables and the risk of bankruptcy. Also, there isn't any relation between the variable of inside or outside board members ratio ones and the risk of bankruptcy due to the significance level of more than ۵% in this confidence.

Corporate Governance, Risk of Bankruptcy, Institutional Ownership, Majority Ownership, Managers Ownership.