Sociological Analysis of Socio-Economic Factors Affecting the Collapse of Shareholders' Social Capital in the Tehran Stock Market

Abstract

The stock exchange is one of the key building blocks of the country's economy, and focusing on this organization not only brings prosperity to this organization but also to the development and progress of the national economy. Due to the fact that the factors that can influence this organization must be examined. Therefore, the current research was carried out with the aim of sociological analysis of socio-economic factors affecting the collapse of social capital of shareholders in the Tehran stock market. The present study is non-experimental, exploratory qualitative research carried out using field studies. The statistical population comprises all the shareholders of the Tehran Stock Exchange in 2020-2021, who were selected via purposeful sampling until reaching theoretical saturation. Data were collected using unstructured open interviews and analyzed through the Strauss and Corbin's systemic approach. In the sociological investigation of socio-economic factors affecting the attraction of shareholders in the Tehran stock market, a paradigmatic approach and model were attained as the collapse of social capital and its impact on the stock market and the lack of economic knowledge regarding the stock market. The subsequent stages of the research and the profound examination of the subjects and categories revealed that the preceding phenomena are part of the key and greater phenomena including lack of institutionalization, abandonment, and risk of investing in the stock market.