Identify and Rank the Effective Factors of Financial Risks and Efficiency in Insurance Companies Listed on the Stock Exchange using the Delphi Method

Advances in Mathematical Finance and Applications

مقاله 15، دوره 8، شماره 1، فروردین 2023، صفحه 255-272   

نوع مقاله: َApplied-Research Paper

شناسه دیجیتال (DOI): 10.22034/amfa.2022.1948348.1671

نویسندگان

Marzieh Ahmadi¹؛ Saied Sehhat^{* 2}؛ Maryam khaliliaraghi³؛ Hashem Nikoumaram⁴

¹Phd Student of Finance, Department of Insurance, faculty of management and economics, Science and Research Branch, Islamic Azad University, Tehran, Iran

²Associate Professor- Department of business Administration and Insurance - Management and Accounting Faculty, Allameh Tabatabai University

³Assistant Professor and Faculty member of faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran

⁴Professor and Faculty member of faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran

چکیده

Financial markets play a key role in economic development, and the insurance industry as a financial institution can be the bedrock of economic growth. Thus, risk and performance appraisal are very important in the insurance industry. There are several methods for evaluate risk and efficiency in financial markets, but since the performance of insurance companies is different from other financial institutions for the risk acceptance of other organizations and individuals, it is necessary to rank factors affecting efficiency and risk in insurance companies separately based on the performance of companies prior to focus on the calculation method. This paper discussed factors affecting the financial risks of insurance companies and efficiency and their rankings using the Delphi qualitative method and collecting expert’s opinions as well as data from domestic and forign papers. The statistical population of the research is experts and specialists in the field of risk and insurance. Spss, Eviews and Excell 2013 were used to review the questionnaires and estimate the results. The results of this paper identified the factors affecting each of the risks of financial wealth, liquidity, credit, operations and efficiency, and in the ranking obtained through Friedman test, efficiency is the highest rank, followed by liquidity, operational and credit risk in the rankings.

کلیدواژه‌ها

Wealth Risk؛ Operational Risk؛ Credit Risk and Liquidity Risk؛ Efficiency؛ Ranking

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