A Constructivist Framework of the Functions of Accounting Anarcho-Capitalism in the Iranian Capital Market
Keywords:
Anarcho-capitalism, Information symmetry, Financial market transparencyAbstract
The objective of this study is to develop a constructivist framework for the functions of accounting anarcho-capitalism in the Iranian capital market. Methodologically, this study is considered exploratory and developmental, employing a mixed-methods data collection approach. Accordingly, in the qualitative phase, grounded theory analysis was utilized to identify the functions of accounting anarcho-capitalism, and the reliability of the identified core dimensions was examined using the Delphi technique based on mean values and agreement coefficients. Subsequently, in the quantitative phase, the most central functional dimension of accounting anarcho-capitalism at the level of capital market firms was identified using fuzzy TODIM inference. Participants in the qualitative phase consisted of 14 accounting experts selected based on theoretical saturation, while in the quantitative phase, 20 financial managers from capital market firms participated. The qualitative findings indicated that, across 14 interviews, 3 structural categories, 6 core components, and 36 conceptual themes were identified. The quantitative results, based on fuzzy TODIM analysis, revealed that the disclosure procedure grounded in intertextuality represents the most significant axis of accounting anarcho-capitalism, which can effectively contribute to information equality and symmetry. The findings indicate that intertextuality-based disclosure can play a central role in establishing information equality and symmetry, as users, through access to related narratives and supplementary documents, are able to interpret information independently of power structures by relying on multiple layers of meaning.
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Copyright (c) 2025 Fatemeh Reza Kazemi (Author); Zohreh Hajiha; Mohammadreza Abdoli, Maryam Shahri, Hasan Valiyan (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
