Towards a New Model of Financing for Iranian Defense Industries

Mahdi, Mohammad; Hosseini, Seyyed Hasan; Poorsaleh, Amirhossein

Towards a New Model of Financing for Iranian Defense Industries

Document Type : Original Article

Authors

¹ Assistant Professor, Department of Management, Faculty of Management, Imam Ali Army Officer University, Tehran, Iran.

² Associate Professor, Department of Management, Faculty of Management, Imam Ali Army Officer University, Tehran, Iran.

³ M.A., Financial Engineering, Faculty of Financial Sciences, Kharazmi University, Tehran, Iran.

Abstract

Information and communication technologies inhere the potential to present new and effective methods for financing non-profit defense industries of Iran. In light of this, the objective of the present study is to provide a new financing model for the country's defense industries. The present study can be classified as applied-developmental in terms of its purpose and, its methodology for data collection consisted of conducting a cross-sectional survey. The participants in the qualitative section included defense industry managers and university professors. Sampling relied on a purposeful method and theoretical saturation was achieved after 10 interviews. The quantitative aspect of this study was based on the opinions of 384 employees of the financial department of the armed forces. The data collection tool for this purpose was based on conducting semi-structured interviews and, a researcher-made questionnaire. Subsequently, thematic analysis and, partial least squares methods were employed to analyze the collected data.
The research findings indicate that the axis of management and education affect the axis of research and development. The axis of research and development affects the axis of communication whilst, the axis of production leads towards strategizing for financing method. Finally, financing strategy affects new financing methods of the defense industry.

Keywords