A Comparative Approach to Financial Clustering Models: (A Study of the Companies Listed on Tehran Stock Exchange)

Nourahmadi, Marziyeh; Rasti, Fatemeh; Sadeqi, Hojjatollah

doi:10.30699/ijf.2022.303980.1267

Cited by 1 publication

(1 citation statement)

References 29 publications

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“…Iran is an emerging economy and one of the largest economies in the Middle East region. The Tehran stock exchange is the largest capital market in Iran and the Middle East, with over 600 publicly listed companies and over $80bn in market capitalization (Nourahmadi and Sadeqi, 2022). Unlike other countries in the region, Iran’s capital markets are highly regulated and well-established.…”

Section: Literature Reviewmentioning

confidence: 99%

Towards a framework for the protection of citizen rights of capital market shareholders: evidence from Iran

Mohammadi

Gerayli

Shahri

et al. 2023

QRFM

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Purpose The citizen-shareholder approach in the capital market is considered a knowledge-enhancing and emerging concept in financial and accounting offerings. Its reliable background in management and human sciences makes it an essential basis for protecting the interests of shareholders and investors. Shareholders are considered a necessary part of the social platforms that are companies and regulatory institutions in the capital market; beyond being obligated to protect their material and intellectual rights, they are responsible for developing norms and facilitating investment values and gaining trust through mutual interactions based on respect for their interests. The purpose of this paper is to perform interactive qualitative analysis of the requirements for protecting the rights of citizens of capital market shareholders. Design/methodology/approach The methodology of the research is mixed, so that in the qualitative part, through content screening, the dimensions related to the protection of the citizen rights of the capital market shareholders were identified through a systematic review of 10 research in the period of 2017–2022. Then, the reliability of the specified dimensions was examined through Delphi analysis; in the quantitative part of the research, the criteria identified through the pairwise comparison matrix were first determined by the level of their relationships to determine based on the pattern of systemic representation of drivers and the consequences of requirements to protect the rights of citizens of capital market shareholders. Findings The research results in the qualitative part indicated the existence of 12 primary themes; during the two stages of Delphi analysis, three themes were removed, and a total of nine themes entered the quantitative phase. The results in a quantitative part indicate the creation of specialized and active committees of the board of directors as the primary driver and the reliability and timely disclosure of information in the long term as a systemic consequence. Originality/value To the best of the authors’ knowledge, this is the first research that presents the new concept of citizen shareholders to strengthen the requirements of protecting the rights of shareholders in the capital market while developing new theoretical literature.

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Section: Literature Reviewmentioning

confidence: 99%