Internal Communication and Prioritization of Risks Affecting Project Financing in The Banking System of The Islamic Republic of Iran

Abstract

Financing, and specialy project financing, is always affected by numerous financial and non-financial risks. Success in financing requires examining and explaining the impact of these risks on each other and on financing so that in the next step, an appropriate solution can be implemented to hedge the risks. Special circumstances and much uncertainties in our country have doubled the importance of conducting such research. For this purpose, in order to better understanding the issue, the set of risks affecting financing in general and project financing in particular with a relatively comprehensive review of internal and external scientific resources examined and then based on experts' opinions by using Dematel method in a fuzzy environment were prioritized and internal relationships of factors were extracted.Based on the analysis of experts' opinions by fuzzy dematel method, the research findings indicate that risks due to economic conditions and instability, exchange rate risk, political risk, rules and regulations risk are the highest among the risks affecting project financing. And other factors are in the next ranks. Also, risks arising from laws and regulations, economic conditions and stability, human resource risk, political risk, inflation risk, government and governance risk and the risk of coercive events in addition to their direct effect, as maternal risks and affect other risks.

Keywords

• "financing"
• "project financing"
• "risk"
• "fuzzy dematel"
• "bank"