The relationship between financial leverage, firm growth and financial strength in Tehran stock exchange companies.

This study attempts to extend knowledge of Financial Leverage, firm growth, and Financial Strength in the Tehran stock exchange companies. The pioneering work of many researchers showed that financial leverage is one of the most effective factors in growth companies. This study examined the question is whether the company's financial leverage has an impact on growth? Therefore, we examined the issue using a sample of 52 listed companies in Tehran Stock Exchange in the years of 1384 to 1395. Company growth is measured by the growth of total assets, profits, and the Altman Z score measure sales and financial strength. The overall results of the study using panel data showed that financial leverage has a significant negative with profit growth, sales growth, and financial strength and has a positive and significant relationship with assets growth. this study has provided new suggestions for future studies that other researcher can use those for their studies.