Interpretive structural modeling of risk in financial institutions with an emphasis on capital providing companies
Farzin Rezaei
1
(
)
Sara Soltandoost
2
(
Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
)
Hossein Kazemi
3
(
دانشگاه آزاد اسلامی قزوین
)
کیومرث بیگلر
4
(
گروه حسابداری، واحد قزوین، دانشگاه آزاد اسلامی، قزوین، ایران.
)
Keywords: Risk management, financial institutions, funding companies,
Abstract :
Abstract The aim of the research is to structurally model the interpretation of risk in financial institutions, with an emphasis on investment companies. This study is applied in terms of its objective and exploratory in nature. The participants in the research consisted of 14 experts from investment companies, selected through purposive sampling of a judgmental type. The MICMAC software was used for processing the information through structural interaction analysis. Based on the results obtained, 15 criteria were categorized into 6 levels (risk committee, market risk management, credit risk management, systemic risk management, regulatory management, credit risk factors, liquidity risk factors, market risk factors, operational risk factors, flexibility, credit quality and default rates, regulatory conditions, managerial conditions, monetary policy shocks, and governance policies). Risk management in investment companies should be considered a vital factor in their activities. These companies must adopt appropriate strategies and policies for identifying, assessing, and controlling risks.
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