Identifying the effective factors on the investment in the growth Stage of knowledge-based companies' technological projects in banking system

Subject Areas : business management

mahmoud khatib ¹ , mohammad javad mohaghegh nia ² , mahdi sadeghi shahdani ³ , mustafa sargolzaei ⁴

1 - Department of Finance and Banking, Faculty of Management and Accounting, Allameh Tabatabai University, Tehran, Iran
2 - Department of Finance and Banking, Faculty of Management and Accounting, Allameh Tabatabai University,Tehran, Iran
3 - Department of Energy Economics, Faculty of Islamic Studies and Economics, Imam Sadegh University,Tehran, Iran
4 - Department of Finance and Banking, Faculty of Management and Accounting, Allameh Tabatabai University, Tehran, Iran

Received: 2020-11-16 Accepted : 2021-01-30 Published : 2021-06-22

Keywords: “venture capital”, “technological projects”, ” the banking system”, ” the partial least squares method”,

Abstract :

Investment of technological projects in the growth stage plays a key role in accelerating the growth, capital attraction or liquidity supply of knowledge-based companies. This study aims to identify the investment factors in technological projects of the growth stage in the banking system to create a mechanism for risk distribution, attract public participation, and support the knowledge-based economy. This research is of development-application type and the method of data collection is survey type. The data are collected through survey using questionnaires filled by venture capital experts and bank system managers. Factors influencing investment in two parts of the organization including the entrepreneurial team, product characteristics and Technology Company and external company including technological business ecosystem and Macroeconomic factors were identified. The partial least squares method with the help of Smart PLS software showed that the investment stages of technological projects Investments have a medium to high impact and the characteristics of the technology company have the greatest impact on the investment of technological projects and the characteristics of the technology company have the greatest impact on the investment of technological projects in the banking system. The proposed financing model based on the factors affecting investment in the banking system.