A Green Financing Model for Companies through Banking Industry: Grounded Theory Approach

Subject Areas : Financial Knowledge of Securities Analysis

Abbas Ali Sheikh ¹ , Parviz Saeedi ^{2 *} , ebrahim abbasi ³ , arash naderian ⁴

1 - Ph.D Student, Department of Financial Engineering , Aliabad Katul Branch , Islamic Azad University, Aliabad Katul,, Iran
2 - Associate Professor of Management and Accounting, Ali Abad Katoul Branch, Islamic Azad University, Ali Abad Katoul, Iran.
3 - Department of management, faculty of social sciences and economics, Alzahra University, Tehran, Iran.
4 - Assistant of Professor, Department of Accounting, Aliabad Katul Branch, Islamic Azad University, Aliabad Katul, Iran.

Received: 2021-10-10 Accepted : 2022-06-23 Published : 2022-08-23

Keywords: green financing, green economy, Banking Industry, grounded theory (GT),

Abstract :

Green financing is one of the new financial paradigms for combining environmental support and financial-economic benefits. Accordingly, the present study seeks to develop a green financing model for companies through the Iranian banking industry based on the data theory of the foundation. The statistical population includes 16 experts in banking and environment and faculty members of universities who were selected as participants in the study. The data collection method was field and the data collection tool was interview and a semi-structured interview based on exploratory study was used. Data analysis in this method was performed using open coding system (category identification), axial coding (category cultivation) and selective or selective coding (final category selection). The results showed that strategies for removing barriers and formulating transparent and stable laws, equipping banks' financial (environmental) resources, accurate and practical targeting of banks, agile executive organization and implementation of an integrated control and supervision system lead to a mental image based on importance. The process of green financing of companies is done through banks and also the differentiation of this process with other aspects of financing, which can be the basis of analysis.

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