Explaining the Comprehensive Model of Economic Dimension of Quality of Life and its Relationship with Financial Stress in Iran

Subject Areas : Financial Knowledge of Securities Analysis

Fatemeh Ghaemi ¹ (PhD in Accounting, Islamic Azad University, Damavand Branch, Tehran, Iran.)
Mohammad Hassani ² (Assistant Professor in Accounting, Department of Accounting & Auditing, Faculty of Management, North Tehran Branch, Islamic Azad University, Tehran, Iran.)
mohammadhamed khanmohammadi ³ (Associate Professor, Department of Accounting, Islamic Azad University, Damavand Branch, Tehran, Iran.)

Received: 2021-09-25 Accepted : 2021-09-25 Published : 2021-08-23

Keywords: capital market, Economic Approach, Financial Stress, Grounded Theory, quality of life,

Abstract :

The present study examines the economic dimensions of quality of life and its effect on financial stress.  The research method is mixed (qualitative-quantitative). Qualitative data have been collected through Grounded Theory. In-depth interviews with experts have been conducted with a snowball approach. The results show that the indicators of lack of planning and rapid economic change as the most important causal conditions, physical health, lifestyle and occupation as the most important intervening factors, materialism, stability in society and no change in the work policies of active organizations as a prevailing context, abilities and the structure of community resource distribution as the most important action strategies and the lack of security and the lack of a sense of social justice as the most important consequences are affected the economic dimension of quality of life. Quantitative data were collected in a survey of capital market participants. The results show that with the improvement of quality of life in terms of actions and reactions, prevailing context, consequences and intervening factors, the amount of financial stress among capital market participants will decrease but will increase in terms of causal conditions.

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