The presentation of a Pattern for Financial Empowerment in Small and Medium Enterprises Government, Cooperative, and Private and Private Companies: An Integrated Approach

Abstract

Background and purpose. At present, the ability of companies in the field of financial interactions is important in terms of its broad relationship with their productivity. Based on this, the current research was conducted with the aim of presenting a model of financial empowerment in government, cooperative, and private small and medium-sized enterprises in two qualitative and quantitative stages.Methodology/Approach. This research was conducted with a mixed (qualitative-quantitative) approach. A grounded theory approach was used in the qualitative phase. In order to collect data in the qualitative phase, a semi-structured interview was used, and the sample size in the qualitative phase of this research was based on a purposeful and snowball method, including 17 experts in the fields of management, accounting, and ufinance, as well as experts with experience on the topic. The sample size in the quantitative section was estimated to be 384 people using the Cochran formula, who were selected using cluster sampling among all employees working in government, cooperative, and private small and medium-sized enterprises in Semnan province. Structural equation modeling technique was used to analyze quantitative data.Findings and conclusions. The data set obtained after the continuous process of open, axial and selective coding was organized in the form of 458 open codes, 63 sub-categories, 8 main categories and 6 categories. The results of the quantitative phase showed that all the assumptions of the qualitative phase were confirmed and statistically significant.Originality/Innovation. The present study provides a deep insight for managers by providing a .

Keywords

• financial empowerment model
• small and medium government
• cooperative and private companies.