This study investigates the effect of stock price growth on the relationship between risk motivation and financing policy in the Tehran Stock Exchange companies. The present descriptive research is considered in the category of correlational research. The library method was used to collect data and information in this study. In the data section, the research collected data from sample companies by referring to financial statements, explanatory notes and monthly stock exchange. This study's statistical population includes companies listed on the Tehran Stock Exchange from 2013 to 2018 (6 years) that meet the conditions of the company. One hundred thirty-nine companies and 834 years companies were collected based on the limitations defined in the research of eligible companies. Multivariate regression has been used to confirm and refuse the research hypotheses (Ives software) to test hypotheses. The results indicated an inverse and significant relationship between risk motivation and company financing policy. In addition, the growth of stock prices has a positive and significant effect on the relationship between risk motivation and the company's financing policy.
