Presenting the Model of Financial Synergy with the Grounded Theory Approach

Subject Areas : Financial Management

Hamid  Issazadeh Lazarjani ¹ (Department of Management, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran)
Parviz  Saeidi ² (Department of Management and Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran)
Maryam  Bokharaeian Khorasani ³ (Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran)
Jomadoordi  Gorganli Davaji ⁴ (Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran)

Received: 2023-11-28 Accepted : 2024-04-11 Published : 2024-06-20

Keywords: Financial Synergy, Merger and Acquisition, Grounded Theory. ,

Abstract :

The current research was conducted to present a financial synergy model. The current research method has an exploratory-fundamental nature and has used the grounded theory approach. This research was conducted after conducting 15 semi-structured interviews (theoretical saturation) of experts in banking and university faculty members using non-probability purposeful sampling by snowball sampling method. To analyze the data from the interviews and coding, MAXQDA 2020 software was used in three stages open coding, central coding, and selective coding after extracting 308 open codes, 63 concepts, and 15 categories, and based on that, a qualitative model of the research was also presented. The results showed that the causal conditions of financial synergy include the necessity of financial synergy in integration, financial partnership synergy, financial innovation synergy, and financial capability synergy, and background conditions include financial technology synergy, organizational synergy, and market synergy. Also, intervening conditions include managerial synergy and growth synergy. The main phenomenon of financial synergy is sustainable competition. Also, the strategies include financial synergy strategy in the integration process, human resources synergy, and developmental synergy leading to the presentation of a mental image based on the importance of the financial synergy process and distinguishing this process from other aspects of the value of synergy as a result of integration which causes integration. Finally, the expected consequences of financial synergies include operational and performance synergies and profit synergies.

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