طراحی مدل انتخاب منابع تأمین مالی بنگاه‌های صنعتی ایران با رویکرد ترکیبی ISM-MICMAC فازی

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشجوی دکتری مدیریت صنعتی، دانشگاه آزاد اسلامی، واحد رشت، گروه مدیریت صنعتی، رشت، ایران.

2 استادیار و عضو هیئت علمی دانشگاه آزاد اسلامی، واحد رشت، گروه مدیریت صنعتی، رشت، ایران

3 دانشیار و عضو هیئت علمی دانشگاه آزاد اسلامی، واحد رشت، گروه مدیریت صنعتی، رشت، ایران.

10.22051/jfm.2024.34222.2473

چکیده

هدف نهایی تأمین مالی را می‌توان افزایش ارزش کسبوکار از طریق برنامهریزی، اجرا و اعمال منابع مالی در حین ایجاد تعادل میان سودآوری و ریسک دانست. این مهم زمانی تحقق می‌یابد که مدیران مالی، تصمیمگیری صحیحی را نسبت به استفاده از روش‌های تأمین مالی اتخاذ نمایند. هدف پژوهش حاضر، ارائه‌ رویکردی ترکیبی بر مبنای تکنیک ISM فازی و تجزیه‌و‌تحلیل MICMAC به منظور طراحی مدلی جهت کمک به گزینش منابع تأمین مالی بنگاه‌های صنعتی ایران با غلبه بر محدودیت‌های فرآیند تصمیم‌گیری می‌باشد. بدین منظور، نخست تکنیک ISM فازی جهت تعیین روابط متقابل میان شاخص‌ها و نیز مدل‌سازی ساختار سلسله‌مراتب آن‌ها بکار بسته شده است؛ در ادامه با استفاده از تجزیه‌و‌تحلیل MICMAC، شاخص‌های غالب دخیل در فرآیند تأمین مالی بر مبنای قدرت نفوذ و وابستگی‌شان در یکی از خوشه‌های چهارگانه مورد نظر طبقه‌بندی شده‌اند. نتایج حاکی از آن است که شاخص "سیاست‌های مالی دولت" بیشترین تأثیر را بر سایر شاخص‌های سیستم داشته و معیاری اساسی جهت اتخاذ تصمیمات کلیدی به منظور گزینش منابع تأمین مالی بنگاه‌های صنعتی در ایران می‌باشد؛ لذا نیاز است تا تصمیم‌گیرندگان در این امر، چشم‌انداز سیاست‌های مالی دولت را پیش از توجه به هر شاخص دیگری در تصمیمات مدیریتی خود لحاظ دارند

کلیدواژه‌ها

موضوعات


عنوان مقاله [English]

Designing a Model for Selecting Financing Sources of Iranian Industrial Enterprises with Fuzzy ISM-MICMAC Approach

نویسندگان [English]

  • Mohsen Shafieyan 1
  • Mahdi Homayounfar 2
  • Maryam Ooshaksaraie 2
  • Mohammad Taleghani 3
  • Mehdi Fadaei 2
1 Ph.D. Candidate in Industrial Management, Department of Industrial management, Islamic Azad University, Rasht, Iran
2 Assistant Professor, Department of Industrial Management, Rasht Branch, Islamic Azad University, Rasht, Iran
3 Associate Professor, Department of Industrial Management, Rasht Branch, Islamic Azad University, Rasht, Iran
چکیده [English]

Financing ultimately is aimed at increasing the value of the business through planning, executing, as well as applying financial resources besides balancing profitability and risk. This is realized when financial managers make proper decision about which financing methods to adopt. This study is aimed at providing a hybrid approach based on fuzzy ISM technique and MICMAC analysis in order to design a model to help choose financing sources for Iranian industrial enterprises through overcoming the restrictions of decision-making process. To this end, the fuzzy ISM technique has been first employed to specify the interrelationships between the indicators as well as modeling their hierarchical structure; subsequently, by means of MICMAC analysis, the dominant indicators involved in the financing process have been classified in one of the four clusters based on their Driving power and Dependence. The results indicate that the index of “government fiscal policies” has the highest effect on other indicators of the system and it is a basic criterion for making fundamental decisions to choose the financing sources of Iranian industrial enterprises. Hence, in their management decisions, decision makers should pay attention to the perspective of government fiscal policies before considering any other indicators.

کلیدواژه‌ها [English]

  • Financing
  • Industrial Enterprise
  • Fuzzy interpretive structural modeling
  • Fuzzy Variables
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