Identifying and explaining mutual relationships of investment risks in public-private partnership projects in the oil industry

Subject Areas : Journal of Investment Knowledge

Marziyeh Nezami ¹ (PhD student in Industrial-Financial Management, Roudhen Branch, Islamic Azad University, Roudhen, Iran.)
seyed alireza mirarab ² (Assistant Professor, Department of Management and Accounting, Rodhan Branch, Islamic Azad University, Roudhen, Iran.)
Hoda Hemmati ³ (Assistant Professor, Department of Management and Accounting, Rodhan Branch, Islamic Azad University, Roudhen, Iran.)
saber khandan ⁴ (Assistant Professor, Department of Management and Accounting, Rodhan Branch, Islamic Azad University, Roudhen, Iran.)

Received: 2023-06-29 Accepted : 2023-07-01 Published : 2024-12-21

Keywords: Risk Assessment, oil industry, public-private partnership projects, investment,

Abstract :

The purpose of this research is to identify and explain the interrelationships of investment risks in public-private partnership projects of the oil industry. The research community was formed by managers and experts of public-private partnership projects active in the oil industry, based in Tehran province, as well as university professors. In this research, the opinions of 19 experts were used using the objective judgment method. The process of data analysis in two stages of identifying investment risks in public-private partnership projects through interview tools and using thematic analysis method, as well as determining mutual relationships and component evaluation It was done through questionnaire tool and Fuzzy Dimetal method. According to the findings of the research, from the text of the interviews were labeled in the form of 15 primary codes. Next, the primary codes were categorized into five sub-themes and then a main theme. The results of the Fuzzy Dimetal showed that 15 sub-risks were identified in the order of currency risk, investment and infrastructure risk, inflation rate risk, risk of delay in government budget allocation of the project, lack of transparency in contracts, risk of transfer and maintenance of equipment, tax risk, lack of transparency. In official structures, the risk of non-continuity of policies in the oil industry, the risk of stopping the project due to public opposition, the risk of safety and health, the risk of financing, the risk of project implementation, the risk of debt and financial obligations, and the risk of managing financial resources were prioritized

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