Deciphering Financial Health and Risk: Hierarchical Relationships and Interdependencies among Key Factors - Acta Universitatis Sapientiae

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Volume 11, 2023
Deciphering Financial Health and Risk: Hierarchical Relationships and Interdependencies among Key Factors
Mayank JAIN, Taniya MALIK, Sakshi MALIK

Acta Univ. Sapientiae, Economics and Business, 11 (2023) 162–185

DOI: https://doi.org/10.2478/auseb-2023-0008

Abstract. This study examines the hierarchical relationships and interdependencies of financial factors impacting companies’ health, using Total Interpretive Structural Modelling and Matrice d’Impacts Croisés Multiplication Appliquée à un Classement analyses. It identifies key financial factors and their influences. Findings reveal credit risk as a pivotal factor with substantial impact on other parameters. Solvency, capital adequacy, and Tier 1 capital ratios are also key determinants of financial health. The study further categorizes factors into independent, linkage, autonomous, and dependent categories. This research offers valuable insights for managers, policymakers, and investors aiding decision-making.

Keywords: financial health, credit risk, TISM, MICMAC, interdependent financial factors

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Volume 11, 2023
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