The Impact of risk-taking on performance according to financial constraints of companies

 Risk is an inseparable part of the decision-making process in the organization. Managers 'and investors' decisions to increase return and wealth are made possible by reducing risk. Financial constraint also prevent funding for the desired investment.

we expect; Risk-taking variable have a significant impact on financial performance and this relationship is affected by the introduction of financial constraints on companies. The data used include a sample of 119 companies (952 years - company), during the years 2011 to 2018. In order to analyze the data and test the hypotheses, the pattern of fixed effects of multivariate linear regression by the combined data method has been used by Ives software.

The overall results of the hypotheses show that risk-taking has a significant effect on assets returns and Q-Tobin ratios. Also, the financial constraint variable has a significant effect on the relationship between risk-taking with assets return and Q-Tobin ratio.