M.A. Thesis:

Financial constraints and R&D Investment : The Moderating Role Board Gender Diversity

In organizations with economic goals, the most important competitive advantage is development at a pace that is commensurate with the world around them, so investing in research and development is critical for companies. The main purpose of this study was to determine the relationship between financial constraints and investment in research and development expenditures with the confirmatory role of this research for a period of 5 years between 1993 and 1997 in the Tehran Stock Exchange. Finally, 138 cohorts and sample data of the studied companies were analyzed and analyzed with the help of Excel software and with the help of Iveys software after reviewing the availability of their information. The research results showed; There is a negative relationship between financial constraints and investment in R&D spending, and this is a significant relationship. Since the Altman model has been used for financial constraints, it is referred to as bankruptcy models, so it is expected to have a negative relationship with investment in research and development. It also shows the significant adjustment effect of gender diversity in the board on the relationship between financial and capital constraints. Keywords; Financial Restrictions - Investment in Research and Development Expenditures - Gender Diversity in the Board of Directors

Keywords: Financial Restrictions - Investment in Research and Development Expenditures - Gender Diversity in t