The Impact of the Level Liquidity on the Risk of Financial Distress of Companies Listed In the Tehran Stock Exchange

This study examines the impact of liquidity on the risk of Financial Distress company pays. For assess the level of liquidity of model Opler and for assessing the risk of Financial Distress than two patterns Ohlson (1980) and Zavgyn (1985) is used. To analyze the hypothesis of correlation test and multiple linear regression in two ways Enter and Stepwise is used. This research is qualitative in terms of approach and practical in terms of objectives. Also, the method of correlational research survey is used. Statistical population in this research, listed companies in the Tehran Stock Exchange and the sample included 63 companies during the period 2009 to 2013. According to the Analysis and hypotheses of the study results show that level of liquidity risk of Financial Distress companies affected and with reduced levels of liquidity Financial Distress raises and one of the solutions ran companies of the risk of Financial Distress in possession of sufficient cash to meet its cash needs on time.