Investment security determinants

Esfandiari Zahedani, Abbas; Hejazi, Rezvan; Khodadady, Davood; Abedini, Bijan

doi:10.22075/ijnaa.2022.26708.3394

Investment security determinants

Document Type : Research Paper

Authors

Abbas Esfandiari Zahedani ¹

Rezvan Hejazi ²

Davood Khodadady ¹

Bijan Abedini ³

¹ Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran

² Department of Accounting, Khatam University, Tehran, Iran

³ Faculty of Accounting and Management, Hormozgan University, Bandar Abbas, Iran

10.22075/ijnaa.2022.26708.3394

Abstract

This study's objective was to identify the factors impacting investment security. In light of the numerous changes in today's world, especially in developing countries encountering multiple threats, these nations require appropriate solutions to address their economic problems toward make optimal use of their natural capabilities, resources and wealth. In this regard, among the significant strategies is enhanced investment. Due to limited resources, improved investment security is one of the most important debates. This is an applied type of research. It is worth noting that investment security determinants have been undertaken based on the grounded-theory method and via interviewing 25 experts. Ultimately, 18 categories were obtained. Data collection was conducted utilizing a questionnaire. The statistical population of this study included university professors, managers/executives and investors of investment companies in 2020. Since official statistics on the statistical population were not available and are unlimited, Cochran's formula was utilized to calculate a sample size from an uncertain total population and the final number of 384 was arrived at. The findings revealed that causal factors have a positive and significant effect on the axial phenomenon of investment security and that the axial phenomenon as well as the contextual and intervening factors have a positive and significant impact on investment security strategic factors. In addition, it was discovered that strategic factors have a positive and significant effect on investment security outcomes. Moreover, the findings showed that strategic factors have a positive and significant effect on the consequences of investment security. According to the results obtained based on the data theory of the foundation (grounded theory), factors determining the investment security model have six main categories (causal conditions, pivotal phenomena, interventionist conditions, contextual conditions, strategies, and consequences). In general, the paradigm model of investment security was undertaken via interviews with 25 experts. The findings disclosed that the investment security model has 18 main categories and 129 sub-categories.

Keywords

Financial Security

Investors

Investment Security

Nonlinear Structural Equation

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