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  <front>
    <journal-meta>
      <journal-id journal-id-type="nlm-ta">REA Press</journal-id>
      <journal-id journal-id-type="publisher-id">20</journal-id>
      <journal-title>REA Press</journal-title><issn pub-type="ppub">3042-0210</issn><issn pub-type="epub">3042-0210</issn><publisher>
      	<publisher-name>REA Press</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="doi">https://doi.org/10.22105/aaa.v1i1.17</article-id>
      <article-categories>
        <subj-group subj-group-type="heading">
          <subject>Research Article</subject>
        </subj-group>
        <subj-group><subject>Financial distress, Forecasting, Piotroski</subject></subj-group>
      </article-categories>
      <title-group>
        <article-title>Predicting the Financial Distress of Companies Using Piotrowski's F-Score Model</article-title><subtitle>Predicting the Financial Distress of Companies Using Piotrowski's F-Score Model</subtitle></title-group>
      <contrib-group><contrib contrib-type="author">
	<name name-style="western">
	<surname>Khalilian</surname>
		<given-names>Bardia </given-names>
	</name>
	<aff>Department of Management and International Business (MIB), University of Auckland, 1142 Auckland, New Zealand.</aff>
	</contrib></contrib-group>		
      <pub-date pub-type="ppub">
        <month>03</month>
        <year>2024</year>
      </pub-date>
      <pub-date pub-type="epub">
        <day>25</day>
        <month>03</month>
        <year>2024</year>
      </pub-date>
      <volume>1</volume>
      <issue>1</issue>
      <permissions>
        <copyright-statement>© 2024 REA Press</copyright-statement>
        <copyright-year>2024</copyright-year>
        <license license-type="open-access" xlink:href="http://creativecommons.org/licenses/by/2.5/"><p>This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.</p></license>
      </permissions>
      <related-article related-article-type="companion" vol="2" page="e235" id="RA1" ext-link-type="pmc">
			<article-title>Predicting the Financial Distress of Companies Using Piotrowski's F-Score Model</article-title>
      </related-article>
	  <abstract abstract-type="toc">
		<p>
			Financial distress is a severe issue for the economic life of countries, and its prediction is of great importance for different groups of users, including managers, banks, investors and policymakers. Therefore, this research aims to predict the financial distress of companies listed on the Tehran Stock Exchange using Piotrowski's F-Score model. For this purpose, company information was collected for 113 companies in 9 years from 2014 to 2022. The multivariable regression method based on the logistic analysis was used to test research hypotheses. The study results indicate a negative and significant relationship between the Piotroski F score and the possibility of financial distress. In other words, Piotrowski's F-Score model is well able to predict helpless companies so that companies can prevent their bankruptcy by making correct and logical decisions. Also, the results showed that the increase in operating cash flow and efficiency assets and reduction of accruals could reduce companies' financial distress in the Tehran Stock Exchange.     
		</p>
		</abstract>
    </article-meta>
  </front>
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