Designing a wisdom model in promoting crowd decision-making in the capital market

Subject Areas : Investments

Azizollah  Askarzadeh ¹ (Department of Industrial Management-Financial, Masjed-Soleiman Branch, Islamic Azad University, Masjed-Soleiman, Iran)
Allah Karam  Salehi ² (Department of Accounting, , Masjed-Soleiman branch, Islamic Azad University, Masjed-Soleiman, Iran)
saber  Molla-Alizadeh-Zavardehi ³ (Assistant Professor, Department of Industrial Engineering, Masjed-Soleiman Branch, Islamic Azad University, Masjed-Soleiman, Iran)
Reza  Tehrani ⁴ (Department of Financial Management, University of Tehran, Tehran, Iran)

Received: 2023-04-30 Accepted : 2023-08-06 Published : 2024-01-27

Keywords: wisdom, Sustainable value creation, crowd decision-making, stakeholder integration,

Abstract :

Objective: This research was presented with the aim of designing a model of wisdom in promoting crowd decision-making in the capital market.Method: In terms of exploratory purpose and in terms of results, this research is part of developmental research and in terms of data type it is part of mixed research. In the qualitative part, it has attempted to provide a wise model in order to promote crowd decision-making in the capital market using the theoretical analysis approach of the database, through interviews with 22 experts in the field of industrial and financial management, including university managers and professors. Then, in the quantitative part, with the participation of 80 professors, doctoral students, managers of different levels of the top 50 capital market companies, the qualitative model designed using structural equation modeling was evaluated.Findings: The results show that the wisdom of managers in line with the pluralism the values of shareholders and beneficiaries, affected by the risk caused by multiple information sources, in the field of cost-oriented components, like facilitating the access to organizational financial resources, market-oriented components, like facilitating the access to extra-organizational financial resources And in bio-based components, the global economy's turn towards circular economy is affected.Originality/scientific added : results show that the implementation of wise strategies to promote pluralistic social values can lead to increasing the legitimacy of the decision from the point of view of the stakeholders, the effectiveness of the competition, reducing the conflict of interest in decision-making and emphasizing the social dimensions