Identifying and prioritizing financing management methods in the face of environmental risks
Subject Areas : Financial Knowledge of Securities AnalysisAbbas Vasheghani Farahani 1 , Reza Tehrani 2 * , mojtaba mirlohi 3
1 - PhD student in finance. Aras International Campus. University of Tehran
2 - Prof., Faculty of Management, University of Tehran, Tehran, Iran. (author in charge)
3 - Assistant Professor of the Faculty of Industries and Management. Shahrud University of Technology
Keywords: Financing, stock exchange, risk, mixed,
Abstract :
Tehran Stock Exchange companies in the field of construction industry. From the point of view of the practical goal and from the point of view of data collection, this research is descriptive, exploratory and analytical, and in order to carry out the research, a mixed method has been used in two qualitative and quantitative phases. The population and statistical sample of the research includes 10 experts in the field of financing in Tehran Stock Exchange companies active in the field of construction industry. In the first phase, the researcher used the qualitative method of thematic analysis to code the axes of the experts' interviews, which led to the identification of 27 risks in the form of 7 main criteria, including financing costs, risk of timely supply of resources, repayment structure, risk of interest rate fluctuations, The risk of exchange rate fluctuations, the risk of not realizing the project's income on time, and the risk of macroeconomic variables, and in the second phase, using the quantitative method of the intuitive hierarchical analysis process, 5 financing methods were prioritized in the form of identified risks. The results of the research showed that financing methods through 1-borrowing from international development banks, 2-foreign finance, 3-national development fund, 4-Islamic securities and 5-shareholder of the project have priority.