Presenting native model for the development of the country's banking industry: qualitative analysis based on grounded theorizing
Subject Areas : Financial EngineeringFazlullah Hadizadeh 1 , Fazel Mohammadi Nodeh 2 , Mojtaba Afsharian 3
1 - Department of Management, Rasht Branch, Islamic Azad University, Rasht, Iran.
2 - Department of Management, Lahijan Branch, Islamic Azad University, Lahijan, Iran.
3 - Department of Management, Rasht Branch, Islamic Azad University, Rasht, Iran.
Keywords: Banking Industry, Grounded Theory, Indigenous Model,
Abstract :
Objective: The primary objective of this research is to identify the characteristics of the banking industry to enable the modeling of the industry's development by considering parallel markets and macroeconomic variables.
Research Methodology: This study was conducted using a qualitative approach and employed the grounded theory technique. Data were collected through semi-structured interviews. In this regard, eight interviews were conducted with banking and financial experts and managers relevant to the research topic. Subsequently, based on Strauss and Corbin’s systematic grounded theory approach (Strauss & Corbin, 2008), a native model for the development of the country's banking industry was presented through three main coding phases: open coding, axial coding, and selective coding.
Findings: The results of the interview coding indicate that the development of the banking industry comprises three main components: banking system stability, modern banking, and comprehensive banking. The causal factors are primarily categorized into two groups: internal factors and external factors. Internal factors mainly emphasize risks, structural issues, digital banking, and the national currency's value. In contrast, external factors pertain to interactions with foreign banks, including sanctions and international policy reforms.
Originality / Scientific Contribution: According to the findings of this study, banking industry professionals should consider the factors identified in this research, as they have been recognized by experts and industry practitioners as influential in the development of the country's banking industry.
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