الگوی سرمایه‌گذاری خطرپذیر شرکتی با رویکرد فین‌تک در نظام بانکی کشور

مجیدی خامنه, شیوا; داوری, علی; محمدزاده, امیر

doi:10.22034/jtd.2022.697430

الگوی سرمایه‌گذاری خطرپذیر شرکتی با رویکرد فین‌تک در نظام بانکی کشور

نوع مقاله : مقاله علمی-پژوهشی

نویسندگان

شیوا مجیدی خامنه ¹

علی داوری ²

امیر محمدزاده ³

¹ دانشجوی دکترا دانشگاه ازاد قزوین

² دانشیار، گروه کسب و کار، دانشکده کارآفرینی، دانشگاه تهران، استان تهران، ایران

³ دانشیار گروه مدیریت مالی دانشگاه ازاد اسلامی قزوین- قزوین ایران

https://doi.org/10.22034/jtd.2022.697430

چکیده

در سال‌های اخیر شاهد افزایش توجه به موضوع فین تک و سرمایه‌گذاری خطرپذیر شرکتی در سراسر جهان بوده‌ایم. موج جدید فین تک توسط سرمایه‌گذاران خطرپذیر هدایت می‌شود و تنها از طریق سرمایه‌گذاری‌هایی توسط انکوباسیون در پروژه‌های داخلی صورت نمی‌گیرند. مطالعه حاضر از نظر هدف و جمع‌آوری داده‌ها ترکیبی کاربردی و اکتشافی است. در بخش کیفی از مصاحبه‌های نیمه‌ساختاری، گروه متمرکز و گروه‌بندی خبره و در قسمت کمی معادلات ساختاری استفاده شده است. نتایج منجر به شناسایی و تدوین 174 شاخص در حوزه مورد پژوهش شد که بیش از 50 درصد خبرگان، 94 کد را انتخاب نمودند و کدهایی که از یک جنس هستند در گروهی مجزا قرار گرفت. نتایج مربوط به بررسی و استخراج عوامل سرمایه گذاری خطرپذیر شرکتی در نظام بانکی براساس مدل سیپ نشان داد که این عوامل شامل برونداد (خروجی)، بستر (زمینه)، درونداد (ورودی ها) و فرآیند است. نتاج مربوط به برونداد شامل خلق ارزش غیرمالی، ارزش مالی، تقویت کسب‌وکار و مداوم استراتژی، تقویت اکوسیستم و بهره‌برداری از دارایی‌های مکمل، گسترش شناسایی و اتخاذ فناوری‌ها و فرصت‌های جدید و نوظهور هستند. نتایج مربوط به بستر شامل شرایط کلی مطلوب سرمایه‌گذاری، شرایط ویژه مطلوب سرمایه‌گذاری، محیط بیرون سازمانی، محیط درون سازمان و نتایج مربوط به درونداد شامل رفتار، سرمایه‌گذاری، دارایی و مالیه و در آخر نتایج مربوط به فرآیند شامل اقدامات قبل از سرمایه‌گذاری، اقدامات اولیه سرمایه‌گذاری، سرمایه‌گذاری بالغ، اقدامات در طول سرمایه‌گذاری، اکوسیستم ارتباطی، ریسک، تجربه و تعامل، محدودیت در سرمایه‌گذاری، مدیریت هوشمندانه، سازمان‌دهی استراتژیک هستند.

کلیدواژه‌ها

سرمایه گذاری خطرپذیر

سرمایه گذاری خطرپذیر شرکتی

فین تک

نظام بانکداری

عنوان مقاله English

Pattern of corporate venture investment with approach Fintech country's banking system

نویسندگان English

shiva majidi khameneh ¹

ali davari ²

mohammadzadeh amir ³

¹ PhD Student, Entrepreneurship Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran

² Department of Business, Faculty of Entrepreneurship, University of Tehran, Tehran Province, Iran

³ Associate Professor, Department of Financial Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran

چکیده English

In recent years, we have seen an increase in attention to fintech and corporate venture capital around the world. The new wave of fintech is driven by venture capitalists and not only through investments by incubating domestic projects. In the present study, in terms of purpose and data collection, it is a combination of practical and exploratory. In the qualitative part, semi-structured interviews, focus group, and expert grouping were used, and in the quantitative part, structural equations were used. The results led to the identification and compilation of 174 indicators in the research area, where more than 50% of the experts chose 94 codes, and the codes that are of the same gender were placed in a separate group. The results of examining and extracting the factors of corporate venture capital investment in the banking system based on the SIP model showed that these factors include output (output), platform (context), input (inputs) and process. The product related to the output includes the creation of non-financial value, financial value, strengthening the business and continuous strategy, strengthening the ecosystem and exploitation of complementary assets, expanding the identification and adoption of new and emerging technologies and opportunities. The results related to the platform include general favorable investment conditions, special favorable investment conditions, external environment, internal environment. The results related to input include behavior, investment, property and finance and finally the results related to the process including actions before investment, initial actions of investment, mature investment, actions during investment, communication ecosystem, risk, experience and interaction, limitations in investment, Smart management is strategic organization.

کلیدواژه‌ها English

venture capital

corporate venture capital

fintech

banking system

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