Designing and Validating the Structural Model of Factors Affecting Risk Appetite Based on the Grounded Theory Paradigm
Subject Areas :
Milad Nikkhah
1
(PhD student in Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
Mehdi Beshkooh
2
(Assistant Professor of Accounting Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
Hossein kazemi
3
(Assistant Professor of Accounting Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
Keywords: risk management, Risk Appetite, Paradigm of Grand Theory,
Abstract :
The present study aims to design and validate a structural model for factors affecting risk appetite in accepted banks in the stock exchange based on the grounded theory paradigm. In this regard, the research data were collected through semi-structured interviews with 15 experts in the field of accounting. The experts were selected using snowball sampling (in the first step) and theoretical sampling (in the second step). The collected data were analyzed and resulted in 100 concepts and 13 categories reaching theoretical saturation. The qualitative findings of this research, according to the elements of the Strauss and Corbin's grounded theory paradigm (1990), revealed that causal conditions include organizational factors and organizational maturity. Contextual conditions encompass the expansion and extension of communications. Intervening conditions involve risk management status, improvement of risk appetite framework, appropriate risk approaches, relevant risks in the bank, laws and regulations, and supervisory expectations. The central phenomenon or core concept includes risk strategy supervision and feedback, and action/interaction strategies consist of managerial methods. Consequences involve organizational growth and sustainability. Two assessment methods were used to validate the constructed model and research findings: communicative assessment and discriminative (diagnostic) assessment. For reliability assessment, repeatability and transferability were employed.
