Designing and Explaining a Model for Reducing Financial Risks for Investors in Knowledge-Based Industries in Iran
Keywords:
Financial Risk Reduction, Knowledge-Based Companies, Profitability, Investment DiversificationAbstract
The management of industries often seeks to reduce risk by providing information through various channels such as regulatory institutions and voluntary disclosures. Risk-taking plays a significant role in maintaining the competitive advantage of companies and guides them toward greater economic growth. In competitive environments, companies pursue different strategies to increase their market share and create barriers to entry for others. The selection of each strategy entails acceptance of varying levels of risk and has different impacts on firm-specific risk. The study sample consists of 18 experts, including specialists, managers, and knowledgeable stakeholders, who are considered the statistical population. The criteria for expert selection include comprehensive knowledge of processes within knowledge-based industries in the country and familiarity with financial risk reduction concepts. Participants were selected through purposive sampling and in accordance with the saturation principle. Using grounded theory methodology, the study identified indicators related to financial risk reduction and proposed a conceptual model. The necessity of each extracted component for reducing financial risk in knowledge-based industries and the presentation of a proposed model were examined. The research was analyzed using three stages of coding: open, axial, and selective. The results show that, based on conceptual and secondary codes, the following components were extracted: Causal Factors (e.g., establishing appropriate structures, team-building to promote knowledge-based companies); Contextual Factors (e.g., empowering financial funds, investment diversification, risk reduction strategies); Intervening Factors (e.g., enhancing management and leadership, empowering knowledge-based companies, research and development); Outcomes (e.g., improving quality of life, increasing owners’ trust, profitability). The identified components enable the creation of a real-time, risk-reducing work environment.
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Copyright (c) 2025 Mehdi Babadi Shoorab (Author); Zahra Moradi ; Zohreh Hajiha (Author)
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