The primary objective of this study is to investigate the effect of growth and financial strength variables on the financial leverage for some listed companies in the Tehran Stock Exchange. For this purpose, a sample of 700 firm-years among listed companies in the Tehran Stock Exchange over the period 2006-2010 was examined. In the present study, the growth variables, including asset growth, profit growth and sales growth; and financial strength calculated by the Altman Z-bankruptcy model have been considered as independent variables. In addition, the ratios of long-term debt to total assets, long-term debt to fixed assets, total long-term debt and short-term receivable facilities to equity capital and total long-term debt and short-term receivable facilities to total assets are used as measures of financial leverage and dependent variables. The results indicate that there is a negative and significant relationship between assets growth and some indexes of financial leverage. There is also a positive and significant relationship between the variables of profit growth, sales growth and financial strength with financial leverage measures.

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The present study identifies the factors affecting organizational governance in public sector agencies and ranks them according to their importance. Methodology:The study was exploratory, and the data collection method included interviews and questionnaires. The sources of questions were audit reports and budget deductions of the state agencies from 2014 to 2019. Based on the interviews with 40 experts, such items as transparency, accountability, efficiency, effectiveness, and openness were selected as influential components of public sector governance in Iran. The statistical sample who answered the questionnaires consisted of managers of the agencies. Also, the analytic hierarchy process (AHP) method was used to analyze the data. Findings: Results indicate that out of the selected components, accountability, efficiency and effectiveness have the highest degree of priority in organizational governance in the public sector of Iran. Value: In addition to explaining a new model for corporate governance in the public sector, this research prioritizes the components of corporate governance.