چالش‌های عرضه و پذیرش شرکت‌ها در بازار سرمایه ایران و ارائه راهکارهای مناسب
فصلنامه بورس اوراق بهادار

فصلنامه بورس اوراق بهادار

چالش‌های عرضه و پذیرش شرکت‌ها در بازار سرمایه ایران و ارائه راهکارهای مناسب

نوع مقاله : مقاله پژوهشی

نویسندگان
1 دانشجوی دکتری، گروه مهندسی مالی، مدیریت و اقتصاد، واحد علوم تحقیقات تهران، دانشگاه آزاد اسلامی، تهران، ایران
2 استادیار، گروه مدیریت مالی، دانشکده معارف اسلامی و مدیریت، دانشگاه امام صادق، تهران، ایران
3 دانشجوی کارشناسی ارشد، گروه مالی، دانشکده معارف اسلامی و مدیریت، امام صادق (ع)، تهران، ایران
4 کارشناسی ارشد، گروه مالی، دانشکده معارف اسلامی و مدیریت، امام صادق (ع)، تهران، ایران
چکیده
علی ‌رغم مزایای عرضه و پذیرش سهام شرکت‌ها در بازار سرمایه و اقبال دنیا به این سمت، در ایران این امر با موانعی همراه است که باعث عدم‌ پذیرش شرکت‌ ها و یا عدم تمایل صاحبان بنگاه‌ ها برای عرضه در بازار سرمایه می ‌شود. از این ‌رو هدف این پژوهش ابتدا شناسایی موانع عرضه و پذیرش شرکت ‌ها در بازار سرمایه و سپس ارائه راهکارهای عملیاتی جهت رفع آن‌ها است. موانع و راهکار ها از طریق انجام 10 مصاحبه نیمه ‌ساختار یافته با خبرگان با رویکردی هدفمند گردآوری شد و مبتنی بر نگرش گلوله برفی و اشباع نظری تعداد مصاحبه ها تعیین گردید. سپس داده ‌ها، از روش تحلیل مضمون تحلیل شد و نکات مستخرج از مصاحبه ‌ها در سه مضمون پایه، سازمان‌ دهنده و فراگیر قرار گرفت. در نهایت نتایج به مصاحبه‌ شوندگان عودت گردید و نظر آن ‌ها جهت حصول تأیید اخذ شد. 30 مضمون پایه ذیل پنج مضمون سازمان ‌دهنده ذیل چالش ‌های: 1. فرهنگی 2. قانونی 3. نظارتی 4. مالی و اقتصادی و 5. اداری، از مجموع 76 کد در زمینه چالش‌ های عرضه و پذیرش استخراج شد. در نهایت 11 راهکار مربوط به مضامین سازمان‌ دهنده به تفکیک از مصاحبه ‌های مزبور استخراج گردید.
کلیدواژه‌ها
موضوعات

عنوان مقاله English

Challenges of offering and listing companies in the Iranian capital market and providing appropriate solutions

نویسندگان English

Shahab Khodabakhshiyan 1
Mohammad Tohidi 2
Ali Amirshahi 3
alireza fattahi 4
1 Ph.D. Student, Department of Financial Engineering, Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran.
2 Assistant Professor, Department of Financial Management, Faculty of Islamic Teachings and Management, Imam Sadiq University, Tehran, Iran
3 M.Sc. Student, Department of Finance, Faculty of Islamic Teachings and Management, Imam Sadiq University, Tehran, Iran
4 M.Sc. Department of Finance, Faculty of Islamic Teachings and Management, Imam Sadiq University, Tehran, Iran
چکیده English

Despite the benefits of offering and listing companies' shares in the capital market and the world's success in this regard, in Iran, this is accompanied by obstacles that make companies reluctant to offer to the capital market. Therefore, this study aims first to identify barriers to offer and list companies in the capital market and then to provide operational solutions to eliminate them. Obstacles and solutions were collected through 10 semi-structured interviews with experts with a purposeful approach. In the data analysis stage, the content analysis method was used, and the points extracted from the interviews were divided into three themes: basic organizing and comprehensive. The results were then returned to the interviewees to obtain approval.30 basic themes were extracted from a total of 76 codes, and these themes were classified under five organizing themes, including 1. Cultural 2. Legal 3. Regulatory 4. Financial-economic 5. Administrative. Finally, 11 solutions related to organizing themes were extracted from the interviews.

کلیدواژه‌ها English

Stock exchange
challenges
solutions
capital market
supply and acceptance
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