Dentify the factors financial risk management in the automotive industry using the dimatel technique

Subject Areas : Risk Management

ali  fadaei ¹ (Department of Industrial Financial Management, International Kish Branch, Islamic Azad University, Island Kish, Iran Email:[e-mail])
abotorab  alirezaee ² (Department of Industrial Management, Tehran Sout Branch, Islamic Azad University, Tehran, Iran Email :[e-mail])
gholamreza  hashemzadeh ³ (Department of Industrial Management, Tehran Sout Branch, Islamic Azad University, Tehran, Iran Email:[e-mail])
kiamarc  fathi ⁴ (Department of Industrial Management, Tehran Sout Branch, Islamic Azad University, Tehran, Iran Email : [e-mail])

Received: 2021-04-15 Accepted : 2021-09-21 Published : 2021-08-23

Keywords: risk management, "Risk"", "" risk management steps""Benefits of risk management"", Dimatel technique ",

Abstract :

Companies try to control risk by using risk management and its factors. Risk management is the process of measuring and then designing a strategy for risk management.This research includes four criteria investment risk And market risk and Country risk and liquidity risk, each of which has sub-criteria are addressed.Field data through a questionnaire tool And with the benefit of the opinions of experts and experts in the automotive industry has been used.The community of experts consists of 25 experts and Dimatel technique has been used to analyze the data.The results showed that the liquidity risk criterion has the highestImpact and investment risk criteria have the least impact.The following criteria have the highest impact on changing customer preferences .The appropriate market estimation sub-criterion is considered as the most effective sub-criterion.The liquidity risk criterion is in the first place and has the highest priority.Sub-criteria of market demand forecast and Structural changes in the economy and Complex competition in domestic markets is one of the highest priorities.

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Ubukata,M. (2018). Dynamic Hedging Performance and Downside Risk: Evidence from Nikkei Index Futures", International Review of Economics and Finance. Volume 58, November 2018, Pages 270-281

Yarahmadi, M(2018). Overviews of risk management. www.modiryar.com. (in persian).

 

Abbasi, A., timorsod, B., Molaei, A.,& Esmaeli,Z(2018). Application of value risk criteria to conditional risk in portfolio optimization. Financial management outlook quartery, (7)75-104. (in Persian).

Abbaspor, m(2015).Risk management using a balanced scorecard, Master thesis Tehran university of science and technology. (in Persian).

Alamri, M. (2020). International, Framework for Liquidity Risk Measurement. Standards and Monitoring, Corporate, Govornance and Internal Controls. Online at http;//mpra.ub.uni-uenchen. De / 21847/mpra Paperno.21847.

Alberts, C., & Dorofee, A. (2002). Managing Information Security Risks: The OCTAVESM Approach Boston, MA: Addison-Wesley.

AliShah, S., Butt, S., Hassan, A. (2009). Corporate governance and earnings management an empirical evidence form Pakistani listed companies. European Journal of Scientific Research, 26(4), 624–638.

Amanah Ramadiah, Domenico Di Gangi, D. Ruggiero Lo Sardo, Valentina Macchiati, Tuan Pham Minh, Francesco Pinotti, Mateusz Wilinski, Paolo Barucca and Giulio Cimini. (2019). Network sensitivity of systemic Risk.arxiv preprintarxiv:1805.04325. DOI: 10.21314/JNTF.2019.056

Askarnajad nori, B., Emkani, P (2018).The impact of effective risk management performance on financial performance. The mediating role of intellfctual capital and financial leverage, Journal of asset management and finance, 6(1), 29-50.http.//dx.doi.org/10.22108/amf.2017.21193. (in Persian)

Babaei, M.A., & vazirzanjani, H.R(2007). Risk management. A new approach to enhance the effectiveness of organization. Tadbir,17(170),14-22. (in persian).

Banks, E. (2012).Risk Culture:Apractical Guide to Building and Strengthening the Fabric of Risk management. Basingstoke:Palgrave Macmillan.

Busse, Jeffrea., Goyal, A,& Wahal,S. (2010). Perfomance and persistence in institutional investment Management.The gournal of Finance, 2,107-131.

Dorfman, S. (1997). Introduction to Risk Management and Insurance (6th ed.), Prentice Hall.

Farago, A.,Tedongap,R. (2018). "Downside Risks and the Cross-Section of Asset Returns", Journal of Financial Economics, 129(1), PP. 69-86.

Farnian, H., Ranamarodposhti, F., & torabi, t (2021). Application of asset management on banks credit risk, investment Knowledge quarteri, 10(38)429-451. (in persian).

Hood, M., & Malik, F. (2018). "Estimating Downside Risk in Stock Returns under Structural Breaks", International Review of Economics & Finance Volume 58, November 2018, Pages 102-112

Hoyt, R.E.,& Liebenberg, A.P. (2011).The value of enterprise risk Management. Journal of Risk and Insurance,78(4),795-822.

Jalillvand, A., R, M., A, M (2019). Implement organizational risk management identification, Analysis and evalution: Financial institution active in the iranion capital market, Asset management and financing, 1(2),1-24. http://dx.doi.org/1022108/amf.2018.110464.1242. (in persian).

Jouida, Sameh, 2018. "Diversification, capital structure and profitability: A panel VAR approach11We are grateful to the editor and the anonymous reviewer for their valuable comments," Research in International Business and Finance, Elsevier, vol. 45(C), pages 243-256.

Khanipour, S (2021). Identify and assess the risk of subsidiaris in the holding, investment Knowledge quartery, 10(37),372-394. (in persian).

Krause, S., S, S., H, Z., & Caldarelli,G. (2019). controlling systemic risk-network structures that minimize it and node properties to calculate it.arxiv preprint arxiv:1902.08483.

Mark, b.S., R, C, & D.R, Hermason. (2005). Enterprise Risk management: An Empirical analysis of factors associated with the extent of implementation. journal of accounting and public policy, 24(6), 521-531.

Momeni, M. (2012). New topics in operations research, First edition. Tehran. (in persian).         

Oxman, Jeffrey, 2012. "Price inflation and stock returns," Economics Letters, Elsevier, vol. 116(3), pages 385-388.DOI: 10.1016/j.econlet.2012.04.024

Porzamani, Z(2018).efficiency of risk assessment criteria in ultra-modern portfolio theory in mutual funds during the boom. Journal of financial accounting and auditing research,33(9),65-80. (in persian).

Rahnamay Roodposhti, F. & salahi, A. (2017).Schools of finance and accounting. Islamic azad university publications Tehran center Branch. fourth edition. (in persian).

Richter, C. (2014).Development of a Risk Culture Intensity Index to Evaluate the Financial Market in Germany. Proceedings of Fikusz 14 Symposium for Young Researchers,25,71-86.

Socea, A. (2012). Managerial decision-making and financial accounting information. Procedia-Social and Behavioral Sciences, 58, 47-55.

Su, Ender & Wong, Kai Wen, 2018. "Measuring bank downside systemic risk in Taiwan," The Quarterly Review of Economics and Finance, Elsevier, vol. 70©, pages 172-193.DOI: 10.1016/j.qref.2018.04.008

Tandelilin, E., & Kaaro, H. (2007).corporate Govermance, Risk management, and bank performance; Does type of ownership matter?”Final report of an eadn individual research Grant progect eadn working, 34,12-37.

Tarantino, A.,&Cernauskas,D. (2012).Essentials of Risk Management in Finance.New Jersey:John Wiley & son Inc.

Taryvardi, Y., & D.,J,Z (2012). The relationship between risk management and company performance. Journal of financial accounting and auditing research,3(43),15-62. (in persian).

Ubukata,M. (2018). Dynamic Hedging Performance and Downside Risk: Evidence from Nikkei Index Futures", International Review of Economics and Finance. Volume 58, November 2018, Pages 270-281

Yarahmadi, M(2018). Overviews of risk management. www.modiryar.com. (in persian).