Publication Details
Abstract
In the present day, the concepts of competitiveness and maintenance of competitive advantage have been viewed as necessary survival requirements and tools of attaining preferred performance in organizations. One of the most relevant criteria of success in business enterprises is firm performance, and, in conjunction with financial resources, is one of the key indicators of an economic unit, as it takes a central role in financial decision-making, securities valuation models, and capital project evaluation techniques, among others. Conversely, the business environment has also grown more complicated as a result of customer needs diversity, strong competition, globalization and financial incompetence, which influences the performance of managers as well as their different policies of managing uncertainty and environmental changes. This paper seeks to identify how financial weak addresses issues of dynamics, development and performance in competitiveness and complex environment. Based on this, a sample of 147 listed Tehran Stock Exchange companies in 20142024 was taken. The library method was utilized in gathering data and information based on financial data and explanatory notes. Multivariate regression analysis and the EViews software were used to analyse the data. The findings suggest that financial weakness influences the firm development and performance, industry volatility of returns. Secondly, corporate environment is complicated, which moderately affects the relationship between financial weakness and firm development and performance. In addition, optimum cash management and financial flexibility of firms dealing in competitive product markets can contribute towards archiving valuable investment opportunities, which subsequently translates to better performance of such firms and value.