@Research Paper
<#LINE#>Structural Grounded Modeling: An Extension of Grounded Theory Method<#LINE#>Ali Akbar @Bromideh <#LINE#>1-7<#LINE#>1.ISCA-RJMS-2025-001.pdf<#LINE#>Marketing Management, Aras Int’l Campus, University of Tehran, Tehran, Iran<#LINE#>9/1/2025<#LINE#>6/4/2025<#LINE#>Grounded Theory (GT) has been widely used in different fields of social sciences since its inception. On the other hand, the interpretive structural modeling (ISM) method has been well embraced by researchers to develop the relationships between the relevant factors. So far, the two research approaches have been used separately, while by combining and kneading these two widely used methods, an integrated method can be emerged so that will bring special advantages to research methodology. The main objective of this paper is to extend the GT integrating it with ISM. Concurring with the foremost objective of this research, a qualitative approach was carried out. Relying on the capacity and practical experiences of the researcher in directing and leading qualitative researches, in particular hiring both methodologies, the initial spark for the integration of both methods took place. Then, this idea was discussed with key informants (e.g., professors, talents and professional experts) and its application, sophistication and advantages were assured. As well instructed, an algorithm was developed to explain the application and use of this novel research methodology in a simple manner. The study outlines an algorithm for integrating GT with ISM. This integration promotes the richness of research by providing more value to the finding and results. Presenting the outputs in structural molding visualizes the results and inter-relationships among the elements. This study substantiates a new approach to qualitative research methodology. The innovative research method is considered by integrating the two widely used methods in research methodology, GT and ISM. This nascent and an extended GT method added values, enhanced richness in data and results and upgraded research tools by enriching qualitative research methods.<#LINE#>Charmaz, K. (2014).@Constructing Grounded Theory: A practical guide through qualitative analysis.@2nd Edition. SAGE Publications, LA, USA. pp. 1-416, ISBN: 978-0-85702-9140.@Yes$Willig, C. (2021).@Introducing qualitative research in psychology, (4thed).@Maidenhead: McGraw Hill/Open University Press, UK. PP.1-254, ISBN: 978-0-33524-8698.@Yes$Sharma, G., Kulshreshtha, K. & Bajpai, N. (2022).@Getting over the issue of theoretical stagnation: an exploration and metamorphosis of grounded theory approach.@Quality and Quantity, 56(2), 857-884.@Yes$Koleva, P. (2023).@Critical analysis of grounded theory strategy in organisational and management research.@Qualitative Research Journal, 23(3), 258-272.@Yes$Walsh, I., & Rowe, F. (2023).@BIBGT: combining bibliometrics and grounded theory to conduct a literature review.@European Journal of Information Systems, 32(4), 653-674.@Yes$Creamer, E. G. (2021).@Advancing grounded theory with mixed methods.@Routledge, London. Pp.: 1- 194. ISBN: 978-0-42905-7007.@Yes$Clarke, A. E. (2021).@From grounded theory to situational analysis: What’s new? Why? How?.@In Developing grounded theory (pp. 223-266). Routledge.@Yes$Ab Rahman, A. F., Mahamod, Z., & Zainuddin, M. Z. (2022).@47 Years of interpretive structural modelling (ISM) as a methodology: A worldwide view.@International Journal of Academic Research in Business and Social Sciences, 12(5), 1673-1689.@Yes$Jayant, A., Azhar, M., & Singh, P. (2015).@Interpretive structural modeling (ISM) approach: a state of the art literature review.@Int. J. Res. Mech. Eng. Technol, 5(1), 15-21.@Yes$Mohajan, D., & Mohajan, H. K. (2023).@Families of Grounded Theory: A Theoretical Structure for Novel Researchers.@Studies in Social Science & Humanities, 2(3), 56–65.@Yes$Attri, R. (2017).@Interpretive structural modelling: a comprehensive literature review on applications.@Int. J. Six Sigma and Competitive Advantage, 10(3/4), 258–331.@Yes$Attri, R., Dev, N., & Sharma, V. (2013).@Interpretive structural modelling (ISM) approach: an overview.@Research journal of management sciences, 2319(2), 1171.@Yes$Kumar, A., & Singh, D. V. (2019).@Overview of interpretive structural modeling.@International Journal of Engineering Applied Sciences and Technology, 4(05).@Yes$Saunders, M., Lewis, P. & Thornhill, A. (2019).@Research Methods for Business Students.@8th edition, Pearson Education Limited, New York. PP.: 1- 872. ISBN: 978-1-29220-8794.@Yes$Hussein, M. E., Hirst, S., Salyers, V., & Osuji, J. (2014).@Using Grounded Theory as a Method of Inquiry: Advantages and Disadvantages.@The Qualitative Report,  19(27), 1-15.@Yes$Chong, C. H., & Yeo, K. J. (2015).@An overview of grounded theory design in educational research.@Asian Social Science, 11(12), 258-268.@Yes
@Research Article
<#LINE#>Exploring the Interplay of Demographics, Financial Literacy, and Personal Finance Management: A Statistical Analysis from Jamakhandi City, Bagalkot District, Karnataka, India<#LINE#>Mallikarjun @Konnur,Chidanand @Byahatti <#LINE#>8-14<#LINE#>2.ISCA-RJMS-2025-002.pdf<#LINE#>BLDEA’s Commerce, BHS Arts and TGP Science College, Jamkhandi, Karnataka, India@BLDEA's A S Patil College of Commerce (Autonomous), Vijayapura, Karnataka, India<#LINE#>1/2/2025<#LINE#>28/3/2025<#LINE#>The complex associations between demographic characteristic (age, education, and income), financial literacy, and poverty management practices like budgeting and monitoring of expenses are explored in this paper. Here it is to establish and test determinants of financial literacy and also to study the effect of financial literacy in the Indian context. Methodology: In accordance with this, this study employed the quantitative research approach with a sample of 100 respondents across different demographic segments from jamakhandi city which originated from bagalkot district in Karnataka, India. Chi-Square tests and One Way ANOVA questionnaires were used tests in determining the correlation between demographic factors, financial literacy, and personal finance management. Findings: This is supported by the results showing that Income & education, which forecasted a relatively high t-value of around 0.657, had good statistical power in determining financial literacy, whereas age which forecasted a low t-value of .146 cannot suffice to predict financial literacy at any higher level. A prime factor that applies vast importance to succeeding in the practice of, among others, personal financial management is financial literacy. Practical Implications: This is to call for improved research and financial education that will help lower the financial literacy gaps that result from income dissimilarities. These findings could be useful to policymakers in formulating interventions together with education and financial sectors to increase well-behaved financial concerns and substantially decrease poor financial dealing among susceptible populations. Originality: This study aims at establishing the relationship between demographic characteristics, financial literacy and personal finance management within the emerging market. In filling these gaps the study adds to literature on financial behaviors and provides practical suggestions about how to address the issue of financial literacy within different groups.<#LINE#>Lusardi, A., & Mitchell, O. S. (2014).@The economic importance of financial literacy: Theory and evidence.@American Economic Journal: Journal of Economic Literature, 52(1), 5-44.@Yes$Atkinson, A., & Messy, F. (2012).@Measuring Financial Literacy: Results of the OECD/INFE Pilot Study.@OECD Working Papers on Finance, Insurance and Private Pensions, 15, 1-73.@Yes$Agarwalla, S. K., Barua, S. K., Jacob, J., & Varma, J. R. (2015).@Financial literacy among working young in urban India.@World Development, 67, 101-109.@Yes$Reserve Bank of India. (2013).@National Strategy for Financial Education.@RBI Report, 1-36. Retrieved from https://www.rbi.org.in@No$Malhotra, K., & Vijay, P. (2024).@The impact of demographics and socioeconomic factors on financial literacy: a study of India.@International Journal of Indian Culture and Business Management, 33(1), 22-46.@Yes$Gupta, P. K., & Hanagandi, S. S. (2022).@Impact of demography on financial literacy.@SDMIMD Journal of Management, 13, 81-96.@Yes$Bhatia, S., Chawla, D., & Singh, S. (2021).@Determinants of financial literacy of young adults: testing the influence of parents and socio-demographic variables.@International Journal of Indian Culture and Business Management, 22(2), 256-271.@Yes$Choudhary, P., Kamboj, R., & Mehta, S. (2021).@Financial Literacy, Investment Behaviour, and Socio-Demographics: A Study on Indian Households.@Finance Research Letters, 42, 101-117.@Yes$Prakash, N., Alagarsamy, S., & Hawaldar, A. (2022).@Demographic characteristics influencing financial wellbeing: a multigroup analysis.@Managerial Finance, 48(9/10), 1334-1351.@Yes$OECD. (2020).@Advancing National Strategies for Financial Education.@OECD Report, 1-60.@No$Bhat, S. A., Lone, U. M., Siva Kumar, A., & Krishna, U. G. (2025).@Digital financial literacy and financial well-being–evidence from India.@International Journal Of Bank Marketing, 43(3), 522-548.@Yes$Sharma, N. M., & Verma, B. (2023).@A study on exploring the transformation and dynamics of an emerging economy.@Research Journal of Management Sciences, 12(2), 1-4.@Yes$Danasur, S. J., & Mane, S. R.  (2023).@Reforms in the Education System to Achieve the Atmanirbhar Bharat Mission.@Research Journal of Management Sciences, 12(3), 10-13.@Yes$Lang, N. D., Tran, H. M., Nguyen, G. T., & Vo, D. H. (2024).@An Untapped Instrument in the Fight Against Poverty: The Impacts of Financial Literacy on Poverty Worldwide.@Social Indicators Research, 174(2), 657-695.@Yes$Lusardi, A., Michaud, P. C., & Mitchell, O. S. (2017).@Optimal Financial Knowledge and Wealth Inequality.3 Journal of Political Economy, 125(2), 431-477.@undefined@Yes$Remund, D. L. (2010).@Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy.@Journal of Consumer Affairs, 44(2), 276-295.@Yes$Van Rooij, M., Lusardi, A., & Alessie, R. (2011).@Financial Literacy and Retirement Planning in the Netherlands.@Journal of Economic Psychology, 32(4), 593-608.@Yes