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Designing a Strategic Financial Management Model with a System Dynamics Approach in the Banking Industry
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Rashid Madadi1   , Mahmoud Khodam *2 , Hamid Ahmadzadeh3 , Maryam Gavara3 |
1- Department of Economic Sciences , Ka.C., Islamic Azad University, Karaj, Iran
2- Department of Accounting, Ka.C., Islamic Azad University, Karaj, Iran , mahmoud1404@iau.ac.ir
3- Department of Accounting, Ka.C., Islamic Azad University, Karaj, Iran |
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Abstract: (4 Views) |
This research was conducted with the aim of designing a strategic financial management model using a system dynamics approach in the banking industry. In terms of purpose, this study is applied research, and concerning data collection, it is qualitative research of the Grounded Theory type. The statistical population consisted of academic experts and senior financial managers in the banking industry, from whom 10 individuals were selected using purposive sampling and in accordance with the theoretical saturation rule. Data were collected through in-depth, semi-structured interviews and analyzed using MAXQDA software. During the open coding stage, 55 initial concepts and 18 categories were extracted. Subsequently, in the axial coding process, these categories were organized within the coding paradigm framework, including causal conditions (comprising 4 categories), the core phenomenon (dynamic financial management), strategies (3 categories), contextual conditions (3 categories), intervening conditions (3 categories), and consequences (4 categories). Finally, during the selective coding stage, "Dynamic Financial Management for Creating Sustainable Value in a Turbulent Environment" was selected as the core category, and the final model was delineated around it. The findings indicated that realizing this core phenomenon requires the dynamic interaction among flexible financial strategies, organizational capabilities, and the intelligent management of environmental factors. This model can provide a conceptual framework for policymaking and decision-making at the macro level of the banking system, as well as for developing operational strategies at the organizational level. |
Article number: 7 |
| Keywords: Strategic Financial Management, System Dynamics, Grounded Theory, Banking Industry. |
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Full-Text [PDF 536 kb]
(3 Downloads)
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Article type: Research |
Subject:
General
Received: 2025/10/26 | Accepted: 2026/02/16 | Published: 2026/08/1
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