Designing a Systematic Budgeting Behavior Model for Performance Control and Improvement in Listed Industrial Organizations (Case Study: Pharmaceutical Industry)
Keywords:
Keywords: Content analysis, budgeting behavior, pharmaceutical industry, stock exchange organizations, qualitative researchAbstract
This study aims to identify and explain the behavioral dimensions and underlying factors influencing systematic budgeting processes to enhance control and organizational performance in pharmaceutical companies listed on the Tehran Stock Exchange. This research adopts a qualitative approach using thematic analysis. Data were collected through a systematic review of relevant literature and semi-structured interviews with academic experts, budgeting specialists, and professionals from the pharmaceutical industry. Sampling was conducted purposively and theoretically until theoretical saturation was achieved. The collected data were analyzed based on the six-phase framework proposed by Braun and Clarke. Coding, categorization, and theme development were carried out using MAXQDA software, leading to the extraction of meaningful units, sub-themes, and main themes. The thematic analysis resulted in the identification of 407 meaningful units, 93 sub-themes, and 17 main themes. The findings indicate that budgeting behavior is shaped by the dynamic interaction of structural, behavioral, cultural, managerial, environmental, and institutional factors. Key themes include strengthening the budgeting process, budgetary performance monitoring, organizational behavior, transparency and accountability, innovation, risk management, and organizational learning. The relationships among these themes are complex, non-linear, and systemic in nature. Systematic budgeting behavior in listed industrial organizations is a multi-level and dynamic phenomenon that extends beyond technical financial mechanisms. It is deeply influenced by human behavior, organizational culture, and environmental constraints. The results provide a robust conceptual foundation for developing causal and system dynamics models aimed at improving budgeting effectiveness and sustainable organizational performance.
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