International Journal of Nonlinear Analysis and Applications

Providing the financing model through the purchase of debt (factoring) with a risk management approach (Case study: Listed and non-listed companies)

Document Type : Research Paper

Authors

1 Department of Management, Ilam Branch, Islamic Azad University, Ilam, Iran

2 Department of Accounting, Ilam Branch, Islamic Azad University, Ilam, Iran

3 Department of Agricultural Extension and Education, Ilam Branch, Islamic Azad University, Ilam, Iran

Abstract

The current research aims to present a financing model through the purchase of debt (factoring) with a risk management approach in listed and non-listed companies. This research was applied in terms of its purpose and descriptive survey in terms of its implementation method. The statistical population includes all managers of listed and non-listed companies. Due to the uncertainty of the number of the population, Cochran's formula was used to determine the sample size and the required sample size was determined to be 384 people. Data collection tools include interpretive structure questionnaires and researcher-made questionnaires. Data analysis was done through interpretive structural software (ISM) and structural equation modelling. The results showed that at the first level,  the factoring selection component was identified as a financial method. Second, two components of communication with factoring companies and interaction with business partners were identified. At the third level, there are financial risk management variables at this level. In fact, this component became a bridge between the second and fourth levels. At the fourth variable level, there are economic and financial factors. Also, the results showed that choosing factoring has a significant effect on communication with companies and interaction with partners. Also, communication with companies and interaction with partners has a significant effect on financial risk management. On the other hand, financial risk management has a significant effect on economic and financial factors. Therefore, the proposed model in this research had good validity.

Keywords

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International Journal of Nonlinear Analysis and Applications
Volume 16, Issue 6
June 2025
Pages 35-45
  • Receive Date: 14 February 2024
  • Revise Date: 29 April 2024
  • Accept Date: 30 April 2024