Designing a native model for the development of the country's banking industry: a qualitative analysis based on foundational data theorizing
Subject Areas : Financial Engineeringfazlolah 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, native model, foundational data theory.,
Abstract :
The main goal of the present study is to specify the features of the banking industry so that a model based on parallel markets and macroeconomic variables can be designed to improve the national banking sector. For this qualitative study, grounded theory modeling was used. The data was collected through a semi-structured interview. In this study, eight interviews with experts in the banking and financial sectors were conducted. Then based on the Strauss and Corbin's grounded theory, which has three main steps known as open, axial, and selective coding, an indigenous model for developing the national banking sector was presented. The results obtained from the interviews showed that banking sector development includes three key components which are stability in the banking system, modern banking system, and universal banking system. The casual factors mainly include internal factors and external factors. Generally speaking, internal factors focus on risk, structural elements, online banking, and the value of domestic currency. However, external factors focus on interaction with foreign banks (sanctions and international reform policies).
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