Document Type : Original Article
Authors
1
PhD Student in Financial Engineering, Kashan Branch, Islamic Azad University, Isfahan, Iran
2
Assistant Professor, Department of Accounting and Management, Kashan Branch, Islamic Azad University, Isfahan, Iran
3
Associate Professor, School of Accounting and Management, Kashan Branch, Islamic Azad University, Isfahan, Iran
4
Assistant Professor, School of Management, Electronic Branch, Islamic Azad University, Tehran, Iran
10.30510/psi.2022.292772.1910
Abstract
The main purpose of this study is to identify and refine the factors affecting the efficiency of investment in insurance companies based on the fuzzy Delphi approach. In order to identify the factors affecting the financial stability of companies, while reviewing the studies, semi-structured interviews were conducted using a qualitative method of theme analysis. The experts interviewed are 20 university professors, CEOs of insurance companies and institutions, as well as senior auditors with accounting and management degrees. A review of the literature, research, and interview results reveals two main themes, including inputs and outputs, that categorize the factors affecting the efficiency of investment in companies and institutions. In this study, key factors have been identified and then the fuzzy Delphi technique has been used to rank and find the degree of importance of the factors. The results showed that return on assets, return on investment, value of investment, return on investment and net return on capital from the category of outputs and market share variables, ability to fulfill obligations, business diversity, technical reserves and risk transfer from the category of inputs, respectively. Have the greatest impact on the investment efficiency of insurance companies.
Keywords
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