Factors Affecting the Financial Stress of Stock Exchange Individual Investors and Its Consequences: Meta-Synthesis Technique

Subject Areas : Financial engineering

Yousef  azadian ¹ (Department of Accounting, Babol Branch, Islamic Azad University, Babol, Iran.)
iman  dadashi ² (Department of Accounting, Babol Branch, Islamic Azad University, Babol, Iran.)
Yosuf  taghiporian ³ (Department of Accounting, Chalus Branch, Islamic Azad University, Chalus, Iran.)

Received: 2020-06-06 Accepted : 2020-07-16 Published : 2021-06-22

Keywords: Financial stress, Meta-synthesis, individual Investors,

Abstract :

Financial stress, both in the financial markets and in society, harms economic growth and social welfare by spreading financial instability and disrupting the functioning of the financial system. meta-synthesis is one of the types of meta- Study methods that using Sandolowski and Barso's seven-step method. Kappa index method and Spss and Maxqda softwares were used to evaluate the reliability and quality control of the qualitative method. The kappa index value was calculated to be %1/95, which is in excellent agreement.The research findings include the conceptual research model and 111 factors affecting the financial stress of individual investors and 26 factors as the consequences of financial stress in the Tehran Stock Exchange. Determining the factors and designing the final research model can improve the understanding of the concept of financial stress and become a suitable tool to help investment trustees and capital market policymakers to build trust and attract potential investors. This study identifies a comprehensive list of factors affecting the financial stress of individual investors in the Tehran Stock Exchange and its consequences and presents the relevant conceptual model.To date, these factors have not been mentioned in Internal and external studies of the capital market and related fields.