طراحی و ارزیابی الگوی پرتفوی سرمایه گذاران نهادی در بازارهای مختلف با رویکرد نوین
فصلنامه بورس اوراق بهادار

فصلنامه بورس اوراق بهادار

طراحی و ارزیابی الگوی پرتفوی سرمایه گذاران نهادی در بازارهای مختلف با رویکرد نوین

نوع مقاله : مقاله پژوهشی

نویسندگان
1 دانشجوی دکتری، گروه اقتصاد و حسابداری، واحد تهران جنوب، دانشگاه آزاد اسلامی، تهران، ایران
2 استادیار، گروه اقتصاد و حسابداری، واحد تهران جنوب، دانشگاه آزاد اسلامی، تهران، ایران.
چکیده
هدف این پژوهش طراحی و ارزیابی الگوی پرتفوی سرمایه گذاران نهادی در بازارهای مختلف با رویکردی نوین می‌باشد. این پژوهش به صورت اکتشافی و پیمایشی صورت گرفته است و در بخش کیفی با استفاده از روش دلفی و در بخش کمی مدل ساختاری تفسیری و روش معادلات ساختاری انجام می‌شود. در بخش کیفی و همچنین روش مدل ساختاری تفسیری برای جامعه مورد مطالعه، مدیران و کارشناسان شرکت های عضو بورس اوراق بهادار تهران و اعضای هیأت علمی در رشته مدیریت مالی که با استفاده از روش نمونه گیری قضاوتی در دسترس 12 فرد انتخاب شدند و با استفاده از تکنیک کتابخانه ای، مؤلفه های تأثیرگذار بر مدل شناسایی شدند. ابتدا با استفاده از تکنیک دلفی به غربال و ارزیابی مولفه های شناسایی پرداخته شده است. در ادامه مدلسازی با استفاده از روش دلفی و روش ساختاری تفسیری انجام شده است. نرم افزار مورد استفاده EXCEL و MICMAC می باشد. جامعه کمی سرمایه گذاران بورس اوراق بهاردار نامحدود است و با استفاده از فرمول کوکران 384 نفر به عنوان نمونه انتخاب شدند. بر اساس پرسشنامه محقق ساخته بر اساس تحلیل کیفی، داده ها با استفاده از کدگذاری و تحلیل مسیر مورد تجزیه و تحلیل قرار گرفت. برای برازش مدل پیشنهادی، از تکنیک مدل‌سازی معادلات ساختاری در نرم افزار SMARTPLS استفاده شد. بر اساس تکنیک دلفی، پنج دسته از عوامل کلیدی شامل جایگاه ریسک، شرایط سرمایه گذاری، تحولات بازار، برنامه ریزی مالی و سودآوری و رشد پایدار شناسایی شدند.
کلیدواژه‌ها
موضوعات

عنوان مقاله English

Designing and evaluating the portfolio model of institutional investors in different markets with a new approach

نویسندگان English

Razie Jahani 1
Ali Najafi Moghadam 2
nourooz norelahzadeh 2
1 Ph.D. Student, Department of Economics and Accounting, S T.C, Islamic Azad University, Tehran, Iran
2 Assistant Professor, Department of Economics and Accounting, S T.C; Islamic Azad University, Tehran, Iran
چکیده English

The aim of the research was to design and evaluate the portfolio model of institutional investors in different markets with a new approach. The research was conducted in an exploratory and survey manner. The qualitative part was conducted using the Delphi method and the quantitative part using the interpretive structural model and structural equations method. In the qualitative part and also the interpretive structural model method, the studied population was managers and experts of the companies that are members of the Tehran Stock Exchange and faculty members in the field of financial management, who were selected from the available judgment sampling method of 12 people. Using the library technique, the components affecting the model were identified. The quantitative population was an unlimited number of investors, and 384 people were selected as a sample using the Cochran formula. Based on the Delphi technique, five main categories of factors were identified, including risk position, investment conditions, market developments, financial planning, and profitability and sustainable growth.

کلیدواژه‌ها English

Institutional investors
portfolio
investment risk
new investment techniques
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