Showing 5 results for Financial Services
Volume 6, Issue 4 (2-2017)
Abstract
This paper is aimed at proposing an appropriate e-business model for Iran banking industry using mixed research (qualitative -quantitative) methodology. For this purpose, after examining e-business models for financial services 10 experts and managers in the banking industry of the country at various levels during were interviewed in qualitative phase. Gathered data was analyzed using qualitative content analysis and a questionnaire was prepared and used as the basis of quantitative phase of study. The quantitative data was collected and then analyzed for descriptive and inferential statistics. Based on results final model of the research was determined. The results of the research show that the proposed e-business model for banking industry is comprised of four main dimensions including: provided value, customers, suppliers and financial management. Generally speaking, the main components were classified as 10 main categories, i.e. product/service, target customers, distribution channels, customer loyalty, insurance, resources and competencies, cooperation network or partners, cost structure, revenue structure and electronic intermediaries. At the end, as per the obtained issues and scope, some policies and research proposals are presented.
Mohammad Ali Aboutorabi, Mohammad Ali Falahi, Mostafa Salimifar, Seyyed Mohammad Hosseini,
Volume 15, Issue 4 (2-2016)
Abstract
One century has passed since the explanation of relationship between financial development and economic growth by Schumpeter. However, there are serious debates among economists in this regard. Especially, the causality relationship between economic growth and financial development, in most of the cases, the causality from economic growth to financial development is confirmed in different countries. One of the neglected issues in this field is to consider the infrastructures, which can play important roles in the effectiveness of financial development on economic growth. One pillar of the financial development is the quality of banking financial services, which to a great extent is influenced by ownership and intervention of government in banking system. This paper, by using VECM model, tests the tri-variate causality among economic growthand financial development in the presence of public ownership of banks index during 1980 to 2010. The results show that in contrast to the bi-variate causality tests, which indicate the adverse causality from economic growth to financial development, the tri-variate causality tests reject this claim except for the case of the commercial banks’ assets.
Volume 21, Issue 1 (5-2017)
Abstract
Reviews have revealed that commercialization of science and technology in humanities has not had proper growth despite close relationship between economic development and development of financial sector. Therefore; lack of literature on commercialization in services point this study toward identifying commercialization processes of financial services. Research methodology in this study was qualitative and by using Triangulation. To identify basic concepts and commercialization phases, library research and semi-structured interviews with academic experts and industry specialists were used. Moreover, semi-structured questionnaires with an open-ended item were employed to sort the phases and extract the commercialization model. To analyze data at the first and the second phases; a combination of structural analysis and interpretation as well as the Interpretive Structural Modeling (ISM) were applied, respectively. Findings at the first phase included twelve steps: business strategies formulation, service ideas generation, screening, business analysis, project authorization, multi-tasking team formation, design of services and processes, design of service delivery system, sales and customer network training and empowering, pilot launch, full-scale launch, and service performance evaluation and improvement. The second phase also contained the prescription of the commercialization process model of innovative financial services in financial markets.
Dr Amir Jabbari, Dr Narges Moradkhani, Mrs. Shiva Habibzadeh,
Volume 23, Issue 2 (5-2023)
Abstract
Findings
The results show that the rate of social welfare resulting from the imposition of a tax on financial services at the tax rate of 4% (optimal rate) is the highest and the tax rate is 9% for insurance services at the optimal rate.
Discussion and Conclusion
One of the important results of this research is the changes in government tax revenue that stem from taxes on financial and insurance services in Iran. It is observed that tax revenues have increased due to both tax regimes and the tax revenues from the financial services are higher than tax revenues from insurance services. This shows that financial services in Iran economic space have more tax capacity than insurance services.
Looking at the Iranian economy in recent years, it is considered that the economic variables do not depict acceptable conditions. Despite the inflation rate reaching over 47%, it is expected that the Iranian economy will experience a decrease of more than 7% in GDP while the unemployment rate will also increase. Examination of livelihood variables also shows a decline in the consumption level of Iranian households for basic goods. Additionally, during these years, capital accumulation has significantly decreased, and for some production sectors, there is negative capital accumulation.
The mentioned situation of the Iranian economy variables shows that Iran is deviated from its long-term growth path and production capacity in Iran's economy is severely degraded. As a result, Iran's economy will be poorer than before and this poverty will reduce consumption.Considering these economic variables, indicators, and research results, such taxes should be applied with great caution, as based on the current economic realities and welfare of society, it can be said that any new tax base until the relative stabilization of the economy and inflation control would result in reducing the consumption of low-income consumers in favor of the government, leading to more unjustified inflation.
Keywords: Financial Services, Economic Growth, Social Welfare, Taxes, Computable General Equilibrium Model
JEL Classification: C68, F43, G21, H21
Volume 24, Issue 1 (3-2020)
Abstract
Research studies on new financial products development in the capital markets of Islamic countries and Iran have often focused on the technical and shari'ah (religious) design of financial products and neglected the marketing approach to the New Product Development (NPD). The purpose of this research is to explore important categories and determine their relationships in order to provide a model for developing new financial products in the capital market of Iran with a marketing approach. In this qualitative research, the grounded theory strategy was used to design the research model. To identify academic-executive new products experts in the capital market, snow-ball sampling were used and after 14 interviews, theoretical saturation was obtained. The collected data were implemented in Word software and analyzed using Maxqda software. The research data were analyzed in three stages: open coding (712 descriptive codes), axial coding and selective coding. The findings show that the final model consists of 6 main categories, 20 subcategories and 129 abstract concepts. The most frequent concepts were respectively intervening conditions (69 codes), causal conditions (15 codes), strategies (13 codes), contextual conditions (12 codes), core phenomenon and outcomes (each of them 10 codes). The “stages” of new financial product development were identified as core phenomenon of the model. The research findings show that capital market managers and policy makers need to pay attention to all categories of causal conditions, intervening conditions, contextual conditions, strategies and outcomes of new product development, and take a marketing and multifaceted approach to new financial products development.
