Identify and Assess Financial Risk Management Approach Using BOT Projects AHP_DEA

Subject Areas : Financial Knowledge of Securities Analysis

Ebrahim Abbasi ¹ , Ehsan Ramezanian ²

1 - دانشیار و عضو هیئت علمی دانشگاه الزهرا، ده ونک دانشگاه الزهرا، دانشکده علوم اجتماعی و اقتصادی،
2 - دانشجوی کارشناسی ارشد مدیریت مالی دانشگاه تهران

Received: 2014-03-21 Accepted : 2014-05-24 Published : 2015-04-09

Keywords:

Abstract :

Nowadays, due to various reasons, including population growth, economic growth and a sharp rise in demand and also the lack of government funding and higher productivity of the private sector, different methods are used to finance the project, that the BOT is the most common method.According to the high volume of investment and longtime range of this projects, in the absence of sufficient knowledge in relation to the financial risks of the project, using this method can has high stakes for the parties to the contract. This paper uses systematically integrated AHP-DEA methodology for risk assessment. The study projects, BOT, general risks such as currency fluctuations, fluctuations in interest rates, inflation, negligence, demand and price, the duration of the construction period and costs of construction period were identified. Also the main indicators related to these risks, including management of political, industrial, manpower, and were used for evaluation. Finally, these risks with using expert judgment were assessed, through questionnaires, and based on priority the risk prevention strategies for improvement were provided