A framework for identifying the factors affecting the promotion of the Iranian capital market

Subject Areas : Environmental Risk Analysis

Mohammadreza Hasanzade ¹ , Mohammadhasan Maleki ² , Hosein Jahangirnia ³ , Reza Gholami Jamkarani ⁴

1 - PhD student, Department of Industrial-Financial Management, Qom Branch, Islamic Azad University, Qom, Iran.
2 - 2 Associate Professor, Department of Management, Qom University, Qom, Iran (Correspondent)
3 - Assistant Professor, Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran.
4 - Assistant Professor, Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran.

Received: 2021-02-04 Accepted : 2021-05-05 Published : 2022-02-20

Keywords: Capital Market, Theme Analysis, Market Promotion, Anti-fragility, Best-Worst Fuzzy,

Abstract :

In today's world, economic organizations and institutions face severe damage and shocks. Many experts emphasize the need to maintain the current structure and status of these institutions in the face of shocks, while the promotion focuses on the growth of markets and economic institutions in such circumstances. The purpose of this study is to identify and prioritize the factors affecting the promotion of the Iranian capital market. The present study is exploratory in terms of purpose and is a mixed research in terms of methodology. Content analysis method was used to extract the factors affecting the capital market promotion and the best-worst fuzzy technique to rank these factors. The sample size was 15 capital market experts who were selected using judgmental sampling method. Using interview tools and theme analysis techniques, 17 conceptual categories in the form of 6 themes were extracted. These factors were then screened using the Binominal test. At this stage, 6 factors were evaluated as weak by experts and eliminated. Then, the best-worst fuzzy technique was used to rank the final factors. According to the weight of factors, organizational structure, rational selection, learning from mistakes and basic asymmetry had the highest priority.