The impact of business strategy on the relationship between risk taking and company value

This research studies the impact of business strategy on the relationship between risk taking and company value. The present research is applied in terms of purpose and is a methodology of the type of causal research (post event). The statistical population of the study was all companies accepted in Tehran Stock Exchange. Using systematic elimination sampling, 125 companies were selected as research sample and studied in a 7-year period between 2011-2011. The method used to collect information is library and to test the hypotheses, multiple regression has been used with the panel data model. The results of the research show that there is a positive and significant relationship between risk taking and company value, and also business strategy (defensive) has a direct and significant relationship between risk taking and company value. But the impact of business strategy (aggressive) on the relationship between risk taking and company value is inversely significant.