Providing a model of financial decisions and efficient financial knowledge to improve cost management in the industry with a grounded theory approach (case study: shoe and leather industry of East Azerbaijan province)

The purpose of this research was to present a model of financial decisions and efficient financial knowledge to improve cost management in the shoe and leather industry of East Azerbaijan province. This research was applied in terms of purpose and was mixed (quantitative and qualitative) in terms of its nature. In the qualitative part, the method of interviews and foundation data was used, and in the quantitative part, the method of structural equations was used. The statistical population of the research in the qualitative part includes university professors specializing in management and accounting, and the quantitative part includes managers and specialists in the shoe and leather industry of East Azerbaijan province. According to the principles of qualitative methods, ۲۰ experts were selected for interviews and the qualitative part of the research, and in the quantitative method, ۱۵۰ cases were selected as a sample by sampling from the managers and employees of the management and accounting department of the shoe and leather industry in East Azarbaijan province. To analyze data in a qualitative method, MAXQDA software was used and SMART PLS software was used in a quantitative part. Based on the research results, a total of ۹۴ subcategories in ۳۰ codes and finally ۵ main categories (financial decision efficiency, financial efficiency and literacy, cost control and reduction, effective strategies, and cost management consequences) were determined. It was extracted based on the interview method. In the quantitative section, based on the method of structural equations, the developed model had a favourable fit with a value of ۰.۵۱۳.

کلیدواژه ها:

Financial decisions ، Effective financial literacy ، Cost management ، Shoe and leather industry