Investigating the Impact of financial leverage and employee compensation from the perspective of human capital of Listed Companies in Tehran Stock Exchange

Investigating the Impact of financial leverage and employee compensation from the perspective of human capital of Listed Companies in Tehran Stock ExchangeThis study investigates the relationship between corporate financial leverage and employee compensation using annual reports of listed companies in Tehran Stock Exchange during the period 2012-2019. Multivariate linear regression based on panel data was used to test the research hypotheses. Has been. In this study, regression analysis has been used to investigate the relationship between financial leverage and the salary and benefits of CEOs of companies as important employees and the salaries and benefits of all employees.The results of the research hypotheses show that companies with different levels of leverage typically pay employees because of their human capital risk, while firms with financial problems also consider leverage as a bargaining chip that leads to a reduction in employee pay. Compared to companies without financial problemsof Listed Companies in Tehran Stock Exchange