Identifying the factors affecting financial resilience of entrepreneurial business with risk management approach using fuzzy ANP method

Subject Areas : Financial Knowledge of Securities Analysis

mehdi amini ¹ ( PhD student of Entrepreneurship Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran )
فریدون رهنمای رودپشتی ² ( Retired full professor of the university, founder and head of Bazarsaz Financial Engineering and Investment Research Center )
Habib Amirbeyki Langroudi ³ ( Assistant Professor of Accounting Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran )
ali badizadeh ⁴ ( Assistant Professor, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran )

Received: 2023-01-08 Accepted : 2023-05-17 Published : 2024-03-11

Keywords: Financial resilience, entrepreneurial businesses, risk management, Fuzzy ANP Method,

Abstract :

Financial resilience seeks to reduce the probability of failure or reduce financial losses and risks before and after the occurrence of economic and environmental shocks. The primary goal of resilience is to prevent bankruptcy and guarantee the activities of the relevant businesses to overcome the conditions and continue the company's activities. The nature of the current research is survey-applied. The statistical population of this research includes experts familiar with financial resilience, entrepreneurs and managers of entrepreneurial businesses, among them, 10 experts identified and considered as the statistical sample of the research. The data collection tools are in-depth interviews, using expert questionnaires and paired comparisons. The findings indicate that 5 components of environmental factors; efficiency; strategic capabilities; Competitors and stakeholders and strategies are the main dimensions affecting the financial resilience of entrepreneurial businesses. In addition, based on the results of fuzzy ANP, among these factors, environmental factors, efficiency and strategic capabilities have had the greatest impact on financial resilience and risk management.

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