Risk management recognition model and its effectiveness in Iranian banks

Abstract

This research was conducted with the aim of recognizing the risk management model and investigating its effectiveness in Iranian banks. The design of this research was of mixed exploratory type (qualitative-quantitative). The population of this research in the qualitative part was experts and experts in the field of risk management, management and banking, risk strategy, which was selected by criterion sampling method and saturation was achieved after interviewing 11 people. In the quantitative part of the society, all the experts, involved and the audience were involved in the subject, and 385 people participated in the research in the available way. The research tools were interviews in the qualitative part and questionnaires in the quantitative part. Findings based on semi-structured interviews with experts in this field showed that 4 components of investment, financial knowledge, risk dimensions and macro factors are based on 13 main themes and 45 sub-themes of concepts related to the risk management model in Iranian banks. The review of the structural equation model confirmed all the research relationships and the paths of the model and showed that all the identified dimensions are effective in the risk management of Iranian banks. Due to the optimal fit of the designed model, this model can be used in efficient risk management in Iranian banks.