Presenting the Financial Performance Evaluation model of Iranian Steel Companies Based on the Grounded Theory method

Subject Areas :

Tahereh rezazadeh tekieh ¹ , Mohammad Hossein Ranjbar ^{2 *} , Morteza Shafiee ³ , Faegh Ahmadi ⁴

1 - PhD student, Department of Accounting, Qeshm Branch, Islamic Azad University, Hormozgan, Iran
2 - Department of Accounting and Finance, Faculty of Humanities, Bandar Abbas Branch, Islamic Azad University, Bandar Abbass, Iran
3 - Associate Professor, Department of Industrial Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran.
4 - Assistant Professor, Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran

Received: 2023-07-03 Accepted : 2024-09-01 Published : 2025-02-19

Keywords: Financial Performance, Valuation System, Financial Supervision, Accreditation,

Abstract :

A company's competitiveness can be supported by using effective performance measurement, so corporate governance should identify the indicators that affect the company's performance and manage them in an effective way. It seems that successful companies in an industry are likely to focus on certain essential activities that allow them to operate within the constraints of their market to achieve the best possible results. Due to the importance of competition that today leads companies to better explain performance indicators, this research was conducted with the aim of providing a financial performance evaluation model of Iranian steel companies based on the Grand Theory method in 2023 through in-depth interviews with 10 experts in the field of finance and investment. The field of finance and investment has been done. In this way, first, by using snowball sampling and based on the opinion of experts, the categories under the title of causal conditions, intervention conditions, background conditions, and strategic factors and consequences were analyzed using Atlas software, and suitable model variables were identified. According to the results of the interviews with the experts, the most frequently related to the establishment of the valuation system, the lack of an integrated system, the stable process of financial supervision, administrative and organizational costs, and the accreditation of the output of the financial system were reported.

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