Using Fuzzy Delphi Technique to Identify Financial Factors Affecting Risk Management in Iranian Banks

Subject Areas : Financial Mathematics

Marzieh  Fatemi Moghadam ¹ (Department of Accounting and Management, Kashan Branch, Islamic Azad University, Kashan, Iran)
Hassan  Ghodrati Ghazaani ² (Department of Management, Kashan Branch, Islamic Azad University, Kashan, Iran)
Hossein  Panahian ³ (Department of Accounting and Management, Kashan Branch, Islamic Azad University, Kashan, Iran)
Ali Akbar  Farzin Far ⁴ (Department of Accounting and Management, Kashan Branch, Islamic Azad University, Kashan, Iran)
Mehdi  Madanchi Zaj ⁵ (Department of Financial Management, Electronic Unit, Islamic Azad University, Tehran, Iran)

Received: 2021-02-23 Accepted : 2021-05-10 Published : 2022-10-01

Keywords: Risk, Organizational Risk Management, Financial Factors, fuzzy Delphi, Key Success Factors,

Abstract :

The intermediary role that commercial banks play between borrowers and lenders is significant for the development of a sustainable and healthy economy. If the banking system uses its collected resources properly, it will have a positive contribution to economic development. However, for this to happen, a bank must ensure that risks are accurately assessed and that appropriate approaches are designed to address potential risks. Due to the increasing integration of risk management plans in the culture and processes of organizations, various approaches have emerged to oppose the issue, which has caused doubts and shortcomings in its implementation. Therefore, identifying the financial and key factors for the success of risk management implementation in the organizational environment can help prevent possible defects in the implementation of processes. Therefore, in this study, the key financial factors of the success of implementing organizational risk management in Iranian banks were investigated. To investigate which of the identified factors in Iranian banks is significant, the fuzzy Delphi technique was used and effective factors were identified using the perspective of experts. The results showed that the factors of "appetite and risk tolerance", "willingness to take advantage of opportunities", "identification, analysis and response to risk" and "relationship of sectors", can be effective factors in implementing risk management Be an organization in Iranian banks.

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