Prioritization and determining the relationships of factors affecting the financing of small and medium businesses in Iran

Subject Areas : business management

Hamid Padash ¹ , Bahman Khodapanah ² , Mojtaba Bababaeihezejan ³

1 - Department of Organizational Entrepreneurship, School of Entrepreneurship, University of Tehran, Tehran, Iran
2 - Department of Entrepreneurship Development, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran
3 - Department of Urban Affairs Management, Faculty of Management, University of Tehran, Tehran, Iran

Received: 2022-10-22 Accepted : 2023-03-28 Published : 2023-12-22

Keywords: prioritization, FAHP, MICMAC, small and medium business financing,

Abstract :

The aim of this study was to evaluate the preferences and determine the relationships between the factors affecting the financing of small and medium-sized businesses using the FAHP-MICMAC method in Tehran province. This research is applied in terms of purpose and descriptive-survey in terms of method. The statistical population of the study is all managers and boards of directors of small and medium businesses operating in Tehran province, of which 185 people were selected by purposive sampling. Financial experts - Banking approved. Expert Choice and MICMAC software were used to analyze the data. The results showed that government fiscal policies, central bank monetary policies, and the cost of the financing process have the largest share in financing small and medium-sized businesses. Mick Mac showed that the volume of financing, the optimal structure of capital, the cost of the financing process, the attractiveness of financing instruments, the credit status of the company all play important roles in how to finance. The regulatory policies of the stock exchange organization, instrument-related risks, expected returns, profit-sharing mechanism related to financial instruments, and the level of risk-taking are classified as two-dimensional factors. Is the agent.