Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)

Financing is one of the challenging issues for business owners no matter where they stand in the cycle of organization's life. The reason of failure for most of the newly started businesses (called startups) in their early stages is known to be the lack of cash resources. The problem of finance...

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Main Authors: Sina Sarvi, Mahdi Nouri, Mohammad Hosin Gavam
Format: Article
Language:fas
Published: Imam Sadiq University 2021-04-01
Series:تحقیقات مالی اسلامی (پیوسته)
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Online Access:https://ifr.isu.ac.ir/article_75663_2a85bede4ef62c4703b6df8a0e14018e.pdf
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author Sina Sarvi
Mahdi Nouri
Mohammad Hosin Gavam
author_facet Sina Sarvi
Mahdi Nouri
Mohammad Hosin Gavam
author_sort Sina Sarvi
collection DOAJ
description Financing is one of the challenging issues for business owners no matter where they stand in the cycle of organization's life. The reason of failure for most of the newly started businesses (called startups) in their early stages is known to be the lack of cash resources. The problem of finance in Iran, no matter the source of it, whether from capital market or debt market, has had a long history. Initial coin offering could be a solution for this problem that could safely invest the increasing cash flow in the businesses. It was introduced in 2013 as a new method, utilizing the technology capacity of fintech's, and reached its peak in 2017, acquiring a worldwide name. The purpose of this study is to explain the different perspectives to this method which would be suitable for Iran's condition. This has accomplished by using GQR method while conducting semi-structured interviews with 12 experts on the subject. Advantaging from SWAT matrix, this paper attempted to offer a way to inform CEOs on the pros and cons of financing by this new method.
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id doaj-art-00843cf2be184dc3b6df465b351f4376
institution Kabale University
issn 2251-8290
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publisher Imam Sadiq University
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series تحقیقات مالی اسلامی (پیوسته)
spelling doaj-art-00843cf2be184dc3b6df465b351f43762025-01-26T16:05:34ZfasImam Sadiq Universityتحقیقات مالی اسلامی (پیوسته)2251-82902588-65842021-04-0112366369410.30497/ifr.2021.239864.157975663Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)Sina Sarvi0Mahdi Nouri1Mohammad Hosin Gavam2PhD Student, Financial Management, Department of Financial Management, Faculty of Islamic Studies and Management; Imam Sadiq University, Tehran, IranAssistant Professor, Faculty of Economics, Tehran University, Tehran, IranAssistant Professor, Department of Financial Management, Faculty of Islamic Studies and Management; Imam Sadiq University, Tehran, IranFinancing is one of the challenging issues for business owners no matter where they stand in the cycle of organization's life. The reason of failure for most of the newly started businesses (called startups) in their early stages is known to be the lack of cash resources. The problem of finance in Iran, no matter the source of it, whether from capital market or debt market, has had a long history. Initial coin offering could be a solution for this problem that could safely invest the increasing cash flow in the businesses. It was introduced in 2013 as a new method, utilizing the technology capacity of fintech's, and reached its peak in 2017, acquiring a worldwide name. The purpose of this study is to explain the different perspectives to this method which would be suitable for Iran's condition. This has accomplished by using GQR method while conducting semi-structured interviews with 12 experts on the subject. Advantaging from SWAT matrix, this paper attempted to offer a way to inform CEOs on the pros and cons of financing by this new method.https://ifr.isu.ac.ir/article_75663_2a85bede4ef62c4703b6df8a0e14018e.pdfblockchainicofintechtoken saledigital currencyswot
spellingShingle Sina Sarvi
Mahdi Nouri
Mohammad Hosin Gavam
Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
تحقیقات مالی اسلامی (پیوسته)
blockchain
ico
fintech
token sale
digital currency
swot
title Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
title_full Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
title_fullStr Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
title_full_unstemmed Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
title_short Conducting a SWOT Analysis for Financing Through Initial Coin Offerings (ICO)
title_sort conducting a swot analysis for financing through initial coin offerings ico
topic blockchain
ico
fintech
token sale
digital currency
swot
url https://ifr.isu.ac.ir/article_75663_2a85bede4ef62c4703b6df8a0e14018e.pdf
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