Designing the desired financial architecture model
Subject Areas : EconomicAmir Tabandeh Dost 1 , Akbar Kanani 2 * , Heidar mohamadzadeh salteh 3 , Yaghob Aghdam 4
1 - Doctoral student of accounting department, Marand branch, Islamic Azad University, Marand
2 - Assistant Professor, Department of Accounting, Marand Branch, Islamic Azad University, Marand, Iran
3 - Associate Professor, Department of Accounting, Marand Branch, Islamic Azad University, Marand, Iran
4 - Assistant Professor of Accounting Department, Sofian Branch, Islamic Azad University, Sofian, Iran
Keywords: Architecture, Financial architecture, Ownership structure, Corporate governance.,
Abstract :
The financial architecture of the company determines not only the efficiency of the formed capital structure from the point of view of its owners and the alignment of their goals with the goals of the company's management, but also its position in the market. The compatibility of interests between owners and managers determines the alignment of strategic and operational goals of the company and the financial component of achieving them.The most general form of financial architecture is the expression of patterns of the inherent structure of the system, the program or the general concept used to create it and achieve the strategic goals of these activities, taking into account a combination of external and internal factors of the company's idea. Therefore, the current research has been carried out with the aim of designing the optimal financial architecture model. The research method is practical in terms of its purpose and it is considered quantitative in terms of the nature of the research. The statistical population consisted of capital market experts, and the statistical sample of the research was compiled using the relationship of determining the sample size based on the opinion of "Hare" (2014), selection and a researcher-made questionnaire based on semi-structured interviews with the help of experts, and then To quantitatively evaluate content validity and to ensure that the most important and correct content (necessity of the question) is selected, (content validity ratio) and to ensure that the tool questions are designed in the best way to measure content, from (validity index) Content) has been used. The reliability of the questionnaire was also checked using Cronbach's alpha and the total value was 894/. Was obtained. To analyze the data, confirmatory factor analysis and structural equation models were used with the help of Lisrel and Spss software. Examining the paradigm model showed that causal conditions have a positive and significant effect on the central phenomenon, background, intervening and central conditions on strategies and strategies on the consequences of financial architecture.
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