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Ranking Enterpreneurship Main Risks In Non-Profit Financial Funds By Todim Technique Under Grey Conditions (A Case Study In Iran)

Author

Listed:
  • Mostafa EKHTIARI

    (Department of Industrial Management, Management and Accounting Faculty, Shahid Beheshti University, Tehran, Iran)

  • Ehsan YADEGARI

    (Department of Industrial Management, Management and Accounting Faculty, Shahid Beheshti University, Tehran, Iran)

  • Ghazale SADIDI

    (Department of Industrial Management, Management and Accounting Faculty, Shahid Beheshti University, Tehran, Iran)

Abstract

Entrepreneurship risks are the most important topics that should be considered over implementation of any business. Lack of attention to entrepreneurship risk issues in new business can lead to failure in achieving expected result. According to the fact that risk issues always accompany with uncertainty and also success or failure of entrepreneurship activity seems presumable, we should provide a mechanism to consider the importance of it. The purpose of this study is to make a discussion and prioritize entrepreneurship main risks in non-profit financial funds in Iran based on uncertainty circumstance to identify main risks and then providing suitable control activity to reduce their effect. For this purpose in this paper we propose a method from combination of Todim technique and grey numbers theory to prioritize entrepreneurship risks in non-profit financial funds in Iran. The results show that incompetency of the personnel and managers, is the most important entrepreneurship risk in these funds.

Suggested Citation

  • Mostafa EKHTIARI & Ehsan YADEGARI & Ghazale SADIDI, 2016. "Ranking Enterpreneurship Main Risks In Non-Profit Financial Funds By Todim Technique Under Grey Conditions (A Case Study In Iran)," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(3), pages 319-336.
    • Handle: RePEc:cys:ecocyb:v:50:y:2016:i:3:p:319-336
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    References listed on IDEAS

    as
    1. Cristian Pardo, 2013. "Entrepreneurial risk aversion, net worth effects and real fluctuations," Review of Financial Economics, John Wiley & Sons, vol. 22(4), pages 158-168, November.
    2. Caliendo, Marco & Fossen, Frank & Kritikos, Alexander, 2010. "The impact of risk attitudes on entrepreneurial survival," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 45-63, October.
    3. Marco Caliendo & Frank Fossen & Alexander Kritikos, 2009. "Risk attitudes of nascent entrepreneurs–new evidence from an experimentally validated survey," Small Business Economics, Springer, vol. 32(2), pages 153-167, February.
    4. Tobias J. Moskowitz & Annette Vissing-Jørgensen, 2002. "The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?," American Economic Review, American Economic Association, vol. 92(4), pages 745-778, September.
    5. Autran Monteiro Gomes, Luiz Flávio & Duncan Rangel, LuI´s Alberto, 2009. "An application of the TODIM method to the multicriteria rental evaluation of residential properties," European Journal of Operational Research, Elsevier, vol. 193(1), pages 204-211, February.
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    More about this item

    Keywords

    Entrepreneurship risks; Grey numbers; Todim technique; Non-profit financial funds.;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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