Financial Resilience model of entrepreneurial business and prioritization of components using Structural Equation Method

Document Type : Original Article

Authors

1 Department of Entrepreneurship, Qazvin Branch, Islamic Azad University, Qazvin, Iran

2 Retired professor of the university, founder and head of Bazarsaz Financial Engineering and Investment Research Center

3 Assistant Professor of Accounting Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran

4 Assistant Professor of Management Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran

Abstract

Financial resilience seeks to reduce the probability of failure or reduce financial losses and risks before and after the occurrence of economic and environmental impulses. The present research seeks to identify the factors affecting the financial resilience of entrepreneurial businesses and their prioritization and to derive an applicable and appropriate model. The methodology used in this research is mixed or combined, which was first used in the qualitative field of the grounded theory method with the opinions of 10 experts, and then the quantitative method was used using fuzzy Delphi series and structural equations method using SMART-PLS. The results of this research show that activities such as designing discovery mechanisms and creating financial resilience of entrepreneurial businesses; redesigning financial resilience processes; Creation of creativity and innovation processes in financial resilience; Creating a culture of using new technologies and the desire to innovate in the implementation of financial resilience is one of the most important factors affecting the development of financial resilience of entrepreneurial businesses.

Keywords

References

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