نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
This study aims to develop a model of totalitarian corporate governance within the context of the Iranian capital market. Adopting a paradigmatic phenomenological framework and an inductive-exploratory approach, this research conducted open coding on semi-structured interviews and researcher-developed scoring checklists to delineate the propositional-phenomenological foundations of totalitarian corporate governance. Subsequently, through a structured checklist featuring symmetric positive and negative scales, focus panel categorization was performed. Ultimately, by classifying the emergent categories across five core dimensions causal conditions, contextual factors, intervening conditions, strategies, and consequences the research paradigmatic model was formulated. The sample comprised 22 key actors actively involved in corporate governance standard-setting alongside certified public accountants with executive expertise. The empirical findings revealed 401 open codes, 65 contextual propositions, and 13 distinct categories associated with the emergence and characteristics of totalitarian corporate governance. The interpretation of the paradigmatic model indicates a hidden operational stream wherein totalitarian corporations exploit institutional oversight deficiencies to secure disproportionately high-profit returns. Consequently, the manifestation of totalitarian corporate governance is the product of intertwined endogenous and exogenous functions that foster the expansion of totalitarian firms—systematically prioritizing the preservation of founders’ and dominant power structures’ interests at the expense of minority shareholders.
کلیدواژهها English
