Analyzing and Identifying the Challenges of Public and Initial Stock Offering in Tehran Stock Exchange Using Theme Networks Method

Articles in Press

Document Type : Research Paper

Authors

1 Department of Economics, Faculty of Management Economics and Accounting, University of Hormozgan, Bandar Abbas, Iran

2 Department of accounting, Faculty of Management Economics and Accounting, University of Hormozgan, Bandar Abbas, Iran

10.22103/jdc.2025.24039.1499

Abstract

Objective: This research first seeks to identify the obstacles to the initial supply and acceptance of companies in the Tehran Stock Exchange and then to provide operational solutions to solve them.
 
Method: The research method in the present study is descriptive-survey. In order to collect research data, interviews were used, the results of which were analyzed with thematic network technique. The statistical society consists of the research of capital market experts. Obstacles and solutions were collected through conducting 15 semi-structured interviews with experts with a targeted approach. In the data analysis stage, the qualitative method of theme analysis was used and the points extracted from the interviews were placed in three basic, organizing and comprehensive themes. Then the results were returned to the interviewees and their opinion was obtained to obtain confirmation.
 
Results: Finally, the basic solutions related to the themes of the organizer were extracted from the aforementioned interviews. Among the challenges, we can mention the lack of transparency of company owners, the existence of a pessimistic view, the bank-oriented economy, and the existence of weak incentives. Also, among the proposed solutions, we can mention raising awareness about the capital market, institutionalizing the correct culture of partnership, and institutionalizing the culture of financial transparency.
 
Conclusion: According to the results of the research, it is recommended that the relevant institutions take into account the presented solutions and challenges to modify and change the existing rules and regulations or formulate new rules and regulations.

Keywords

Main Subjects

References

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Journal of Development and Capital

Articles in Press, Accepted Manuscript
Available Online from 22 December 2025

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  • Receive Date: 14 September 2024
  • Revise Date: 13 January 2025
  • Accept Date: 28 April 2025

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