Abstract
the Stock Price Crash Risk is always the inhibitor factor to attract liquidity on the capital market. in Tehran stock exchange, in terms of performance at the lower level, sudden changes of stock return have been observed. This risk will lead to liquidity transfer to foreign markets, including the exchange market and gold. the aim of this paper is to model the Stock Price Crash Risk in Tehran stock exchange. the effect of factors such as cash management, financial chaos, disclosure quality and board composition were measured by the mediating role of agency cost on the Stock Price Crash Risk. the statistical population of the companies listed in Tehran stock exchange in period from 1392 to 1396. to test the hypotheses, multivariate linear regression analysis and structural equation method are used. the results of the hypotheses test show that, apart from the financial chaos of other studied variables, the coefficient of Stock Price Crash Risk is effective.
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