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Yousefi, Hossein (2024) How Iranian information communication and technology (ICT) companies are valued. PhD thesis, University of Gloucestershire. doi:10.46289/NDCF8251
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14953 Yousefi, Hossein (2024) How Iranian information communication and technology (ICT) companies are valued.pdf - Accepted Version Available under License All Rights Reserved. Download (4MB) | Preview |
Abstract
There Limited research exists on the valuation of Information Communication and Technology (ICT) in Iran, with most studies focusing on implementation and adopting a quantitative approach. Alishahi et al. (2014), Abedi (2014), and Mohammadi and Goudarzi (2022) contended various valuation perspectives in sectors like manufacturing, resource extraction, and insurance. However, a critical gap remains unaddressed—the absence of theoretical or empirical studies on the valuation of ICT companies in Iran. International literature, primarily from developed countries, often evaluates ICT sector using quantitative methods, neglecting the nuanced aspects of ICT valuation through a qualitative lens. This study aims to fill this gap by empirically investigating the valuation process of Iranian ICTs. The research draws insights from Western literature and practices of German professional ICT valuation advisors before conducting a primary empirical study involving Iranian valuation advisors. Employing an interpretivist methodology and a qualitative, semistructured interview approach, this explanatory investigation explores the perspectives of 16 German ICT valuation practitioners and 10 Iranian counterparts. Thematic analysis was used to analyse the findings of the participants, and reveals six main themes, including applicable valuation methods, dominant methods, and justifications, understanding the ICT valuation process, the significance of scenarios, sensitivity analysis, and simulations in valuation, risk evaluation of ICT firms, and methods for presenting the final valuation conclusion. The contribution from the research highlights a misalignment between applied valuation methods in Iran and theoretical principles, as well as disparities in the valuation process compared to insights from theory and German professionals. This study contributes to academic knowledge by proposing a conceptual framework for assessing Iranian ICT companies based on its findings. Despite potential limitations such as researcher bias, a small sample size, and the singular perspective of one-on-one interviews, these were mitigated through the application of appropriate research methodologies. This research provides valuable insights for academics, practitioners, and policymakers involved in the ICT valuation domain.
| Item Type: | Thesis (PhD) | |||||||||
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| Uncontrolled Keywords: | Valuation; Information communication and technology; Valuation methods; Valuation process; ICT project analysis | |||||||||
| Subjects: | H Social Sciences > HF Commerce > HF5001 Business T Technology > T Technology (General) |
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| Divisions: | Schools and Research Institutes > School of Business, Computing and Social Sciences | |||||||||
| Depositing User: | Anna Kerr | |||||||||
| Date Deposited: | 09 Apr 2025 09:54 | |||||||||
| Last Modified: | 09 Apr 2025 09:54 | |||||||||
| URI: | https://eprints.glos.ac.uk/id/eprint/14953 |
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