Journal of Strategic Management Studies

Journal of Strategic Management Studies

A model for Organizational Resilience in the Banking Industry

Document Type : Research

Authors
Mahmood Khajehpour 1
Hassan Farsijani 1
Eldar Sedaghatparast 2
1 Shahid Beheshti University,Tehran,Iran
2 Iran Banking Institute
Abstract
The present study identifies the dimensions and components of organizational resilience in Iranian banks. Regarding the purpose of the research, first, the research literature on the resilience of the banking industry was thoroughly reviewed and the bank resilience indicators were analyzed. Since few studies which were conducted in this area took a partial look at resilience, this study has tried to take a more comprehensive look at the dimensions and components. Therefore, 12 experts in the banking industry were interviewed and the initial model was identified using expert opinions. The technique to analyze the interviews was thematic analysis, with three stages of encoding. The model was approved by 35 experts in the field of banking, using the obtained confirmatory factor analysis (CFA) technique. The results showed that in order to create and increase organizational resilience, it is necessary to consider several factors in the two areas of microeconomic management and macroeconomic management of Iranian banks.
Keywords
Organizational Resilience
Banking Industry
Microeconomic Management of Banks
Macroeconomic Management of Banks
Resilience Indicators
  1. Abdolshah, F., & Salehi, M. (2016). Investigating the Factors Affecting Capital in Banking Industry with Resilience Approach. Ravand Quarterly, 23(76), 15-50. (In Persian)
  2. Alrob, M. M. F. A. (2015). Enhancing Organizational Resilience: The Case of Palestinian Islamic Banking Sector (Doctoral dissertation).
  3. Berglund, T., & Mäkinen, M. (2018). Do banks learn from financial crisis? The experience of Nordic banks. Research in International Business and Finance.
  4. Berry, P. M., Brown, S., Chen, M., Kontogianni, A., Rowlands, O., Simpson, G., & Skourtos, M. (2015). Cross-sectoral interactions of adaptation and mitigation measures. Climatic Change, 128(3-4), 381-393.
  5. Boorman, J., Fajgenbaum, J., Ferhani, H., Bhaskaran, M., Arnold, D., & Kohli, H. A. (2013). The Centennial resilience index: Measuring countries’ resilience to shock. Global Journal of Emerging Market Economies, 5(2), 57-98.
  6. Blackhurst, J., Dunn, K. S., & Craighead, C. W. (2011). An empirically derived framework of global supply resiliency. Journal of Business Logistics, 32(4), 374-391.
  7. Bruneau, M. ,Chang, S. E., Eguchi, R. T., Lee, G. C., O’Rourke, T. D., Reinhorn, A. M., & Von Winterfeldt, D. (2003). A framework to quantitatively assess and enhance the seismic resilience of communities. Earthquake spectra, 19(4), 733-752.
  8. Braun, V., & Clarke, V. (2014). What can “thematic analysis” offer health and wellbeing researchers? International journal of qualitative studies on health and well-being, 9.
  9. Davis, F. W., Costello, C., & Stoms, D. (2006). Efficient conservation in a utility-maximization framework. Ecology and Society, 11(1).
  10. Ebrahimi, A., & Seif, A. (2015). Conceptualism and Grounding of Resistance Banking in Iranian Economy. Ravand Quarterly, Issue: 71, 19-54. (In Persian)
  11. Faaljou, H., & Seyed Ahmadi, S. Gh. (2015). Investigating the Impact of the Global Financial Crisis on the Times of the Depression in Iran (Periodic Approach), Ravand Quarterly, 22(72), 165-189. (In Persian)
  12. Ghiasvand, A., & Abdolshah, F. (2016). The concept and measurement of economic Resilience, Economics Research, 15(59), 161-187. (In Persian)
  13. Golgeci, I., & Ponomarov, S. (2013). Does firm innovativeness enable effective responses to supply chain disruptions? An empirical study. Supply Chain Management: An International Journal, 18(6), 604-617.
  14. Holling, C. S. (1973). Resilience and stability of ecological systems. Annual review of ecology and systematics, 4(1), 1-23.
  15. Ishak, A. W., & Williams, E. A. (2018). A dynamic model of organizational resilience: adaptive and anchored approaches. Corporate Communications: An International Journal, 23(2), 180-196.
  16. Jahangard, E., Sohrabi Vafa, H., & Keramatfar, M. (2018). The effect of macroeconomic variables on banks resilience with an emphasis on the concept of capital adequacy, Quarterly Journal of New Economy & Trade, 12(1), 1-29. (In Persian)
  17. Jüttner, U., & Maklan, S. (2011). Supply chain resilience in the global financial crisis: an empirical study. Supply Chain Management: An International Journal, 16(4), 246-259.
  18. Keating, C. B. (2008). Emergence in system of systems. System of Systems Engineering, 169-190.
  19. Kéfi, S., Holmgren, M., & Scheffer, M. (2016). When can positive interactions cause alternative stable states in ecosystems? Functional Ecology, 30(1), 88-97.
  20. Khodadad Kashi, F., & Jafari. P. (2012). Evaluating the Effects of Structure on Iranian Banking Industry. Journal of Economic Research (Tahghighat-e-Eghtesadi), spring 2012, issue: 98, 69-90. (In Persian)
  21. McCarthy. Ian P., Collard. M., and Johnson, M. (2017). Adaptive organizational resilience: an evolutionary perspective, Current Opinion in Environmental Sustainability, Volume 28, P 33-40
  22. Moshiri, S., & Abdolshah, F. (2017). The Estimation of Credit Loss Distribution of Iran’s Banking Industry Using Stress Test. Journal of Economic Research (Tahghighat-e-Eghtesadi), 52(4), 935-962. (In Persian)
  23. Naqvi, B., Rizvi, S. K. A., Uqaili, H. A., & Chaudhry, S. M. (2018). What enables Islamic banks to contribute in global financial reintermediation? Pacific-Basin Finance Journal.
  24. Ostadi Iraj, M., & Soleimon Pouromran, M. (2017). The Relationship between the Organizational Resilience and the Competitiveness and Sustainable Competitive (The Case Study: Cement Company of Bojnord). Journal of Future Studies Management, 28(108), 103-125. (In Persian)
  25. Pettit, T. J. (2013). Supply chain resilience: development of a conceptual framework, an assessment tool and an implementation process (Doctoral dissertation, The Ohio State University).
  26. Ponis, S. T., & Koronis, E. (2012). Supply chain resilience? definition of concept and its formative elements. The Journal of Applied Business Research, 28(5), 921-935.
  27. Rose, A. Z., & Krausmann E. (2013). An economic Framework forthe Development of a Resilience Index for Business Recovery.International Journal of Disaster Risk Reduction, Vol. 5, PP.73–83.
  28. Shahoseini, M. A., Nazari, M., & Hashemi, M. S. (2015). Analyzing the marketing strategies of Iranian private banks during the recession of 91 & 92, Iranian journal of management sciences, 9(33), 125-145. (In Persian)
  29. Syahkali Moradi, J. (2018). Understanding the role of street bureaucrats in interpreting and implementing public policy, PhD Dissertion, Teharn University (In Persian)
  30. Walker, B., Carpenter, S., Anderies, J., Abel, N., Cumming, G., Janssen, M.,  & Pritchard, R. (2002). Resilience management in social-ecological systems: a working hypothesis for a participatory approach. Conservation ecology, 6(1).
  31. Wieland, A., & Marcus Wallenburg, C. (2013). The influence of relational competencies on supply chain resilience: a relational view. International Journal of Physical Distribution & Logistics Management, 43(4), 300-320.
Journal of Strategic Management Studies
Volume 10, Issue 37
Spring 2019
Pages 61-81

  • Receive Date 17 September 2018
  • Revise Date 02 June 2019
  • Accept Date 06 April 2019