Provide a Debt Financing Model for Financial Institutions and Banks Based on Crowdfunding with a Grounded Theory Approach

Subject Areas : Financial Knowledge of Securities Analysis

ghazal SHAHABI SHOJAEI ¹ , fereidoon rahnama ² , Shadi Shahverdiani ³ , hashem nikoomaram ⁴

1 - PhD Student, Department of Financial Engineering, Islamic Azad University, UAE
2 - Prof, Department of Accounting, Islamic Azad University, Science and Research, Tehran, Iran. Corresponding Author
3 - Assistant Professor, Department of Financial Management, Ghods Branch Azad University, Tehran, Iran
4 - Prof, Department of Accounting and Finance, University of Science and Research, Tehran, Iran,

Received: 2021-11-16 Accepted : 2022-05-21 Published : 2022-08-23

Keywords: Debt financing, Crowdfunding, Financial Institutions and Ban, Grounded Theory,

Abstract :

Financial managers of companies often need financing to carry out development projects or their daily turnover finance. In recent years, crowdfunding has become a valuable alternative source of funding for entrepreneurs seeking funding. Therefore, in this study, which has been used qualitatively and with the Grounded Theory, the appropriate model of debt financing of banks through crowdfunding is sought. For this purpose, the opinions of ten experts in this field who were selected using the snowball method were used to identify the factors affecting the debt of financial institutions and banks. After the interviews, the results showed that the banks' debt financing is formed as a result of mass communication (causal conditions), trust building and culture building (intervening conditions) and environmental factors and legalism (ruling bed) which uses e-commerce strategy to secure the debts of banks and credit institutions.

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