مدیریت نوآوری و راهبردهای عملیاتی (Mar 2023)
Designing a National Model for Evaluating and Financing Industrial Investment Projects in Iranian Towns and Industrial Areas
Abstract
Purpose: Financing industrial investment projects and plans is one of the main concerns of managing economic enterprises. Therefore, it is necessary to consider various factors when forecasting sources and expenses. Long-term industrial investments are usually exposed to multiple risks; short-term financing for the continuation of long-term projects is especially challenging.Methodology: This research is developmental In terms of type. Sampling was done using theoretical sampling and targeted and snowball methods, based on which 16 interviews were conducted. The results of the analysis of the data obtained from the interviews led to the formation of the national model for the evaluation and financing of industrial investment projects in the towns and industrial areas of Iran, based on the theory of the database, during open, central, and selective coding processes. The Strauss and Corbin method, paradigm model, and MAXQDA software were used for data analysis.Findings: After analyzing the interview data, the development model of funding for investment in industrial towns has been extracted by determining the causal conditions (venture investment, suitable financing model, management abilities, company size, capital structure, laws and policies of the government), background conditions (financial issues, infrastructure, political and legal factors), intervening conditions (social capital, available resources and facilities, liquidity variables), central category (value creation, financing) public-private partnership, technology development), strategies (borrowing, investment, micro-financing, external financing, internal financing, Islamic financing) and consequences (efficiency and effectiveness of industrial units, improving competitiveness, employment generation).Originality/Value: With this model's help and complete implementation, Iran's towns and industrial areas can take advantage of its benefits, improve their competitive position, and increase productivity in their organizations.
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