Identifying and categorizing the financing challenges of new technolpgy Bassde Firms in Iran

Document Type : Original Article

Authors

1 PhD student, Technology Management Department, Central Tehran Branch, Islamic Azad University, Tehran, Iran

2 Technology Management and Entrepreneurship Department, Allameh Tabataba'i University

3 Accounting Department, Central Tehran Branch, Central Tehran Branch, Islamic Azad University

Abstract

 One of the most important and effective components to improve the performance of knowledge-based companies is financial resourcing. The main obstacles in the growth and development of new technology Based Firms are limitations of financial resources and lack of access to sufficient financial resourcing at the right time in accordance with their growth and development. This study was conducted in order to identify financing challenges of new technolpgy Based Firms in Iran. Participants were knowledge-based companies. This is an applied research and the exploratory mixed method is used. Data were selected using purposeful sampling and by means of Snowball sampling method. The statistical population was new technolpgy Based Firms and Financing funds and Facilitating institutions and Politician which are selected by simple random sampling. The validity and reliability of the results in the qualitative part were evaluated and confirmed using the exploratory mixed method. The data were analyzed in the qualitative part by using the thematic analysis and they were analyzed in the quantitative part by using T-test. Based on the results, organizational and professional weaknesses of knowledge-based companies, risk aversion and poor performance of existing financing funds, lack of funds and credit guarantee insurances, social and cultural weaknesses for partnership and investment, knowledge-based products market problems, infrastructure issues (political,legal, executive, etc.) are the most important financing challenges of knowledge-based companies. 

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References

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History

  • Receive Date: 13 December 2020
  • Revise Date: 21 October 2021
  • Accept Date: 27 October 2021

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