International Journal of Finance & Managerial Accounting

International Journal of Finance & Managerial Accounting

Prioritization of financial resilience components of mergers and acquisitions using fuzzy Delphi Analytical Hierarchy Process or FDAHP

Document Type : Original Article

Authors
Maryam Pazhokh 1
Fraydoon Rahnamay Roodposhti 2
hamidreza vakilifard 3
1 PHD candidate of Financial engineering, Islamic Azad University , Sciences and Research Branch , Tehran , Iran.
2 Professor, , Islamic Azad University , Sciences and Research Branch , Tehran , Iran.
3 Faculty Members of Department of Accounting, Science and Research Branch, Islamic Azad University
10.22034/ijfma.2025.77717.2136
Abstract
The purpose of resilience is to create the capacity to improve a system for survival, from a shock and facing change and instability, to resist the effects of shock by creating the capacity to adapt and grow. Financial resilience due to mergers and acquisitions is defined as the ability to access and use internal capabilities and appropriate, acceptable and available external resources and support in times of financial adversity by combining and mergers and acquisitions several companies and businesses. In this research, a comprehensive model of financial resilience of mergers and acquisitions with the approach of financial engineering and risk is presented. The sampling method in this research is grounded theory (qualitative-quantitative). The statistical population of this research includes experts familiar with financial resilience, integration and acquisition, and financial engineering in Tehran, of which 10 experts were identified and considered as the statistical sample of the research. The tool of data collection was the use of experts' questionnaire and the analytical Hierarchy process using fuzzy pairwise comparison and the FDAHP method, and finally, based on the components obtained from the six-point approach of Strauss and Corbin, the relevant components were prioritized and their effects in the financial resilience of businesses with the approach of merger and acquisition, it was formulated and suggestions were presented in this direction.
Keywords
Financial resilience
merger and acquisition
data foundation approach
financial engineering
risk management
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