Abstract
The purpose of this study is to determine the issues that financial institutions should pay attention to in their decision to provide financing to large scale energy projects. Within this framework, taking into account the Balanced Scorecard (BSC) approach, 4 dimensions and 8 criteria that can be effective in these decisions of financial institutions were determined. After that, the importance weights of these dimensions and criteria were determined by interval type-2 (IT2) fuzzy DEMATEL method. In addition, 3 different types of banks (public, private, foreign) are listed for their performance in financing energy projects. According to the results of the analysis, the technological and financial adequacy of the company that will invest in energy is the issue that financial institutions should pay the most attention to in their credit decision. Therefore, it is important for financial institutions to visit the customer's location and pay attention to the technological adequacy in the process of evaluating the customer's demand for credit for a large-scale energy project. In addition, it would be appropriate not to provide this fund to the energy companies with high indebtedness and insufficient liquidity. Another result of the study is that state banks have the lowest performance in financing these large-scale energy projects. When this result is taken into consideration, state banks need to pay more attention in evaluating large-scale energy projects in order to avoid major losses.
Highlights
Energy is required in almost every aspect of human life
In the final stage of the analysis, the performance of the bank types in energy financing process are compared by using interval type-2 (IT2) fuzzy QUALIFLEX approach
The aim of this study is to determine what is effective in financial institutions' lending process of large-scale energy projects
Summary
Energy is required in almost every aspect of human life. For example, in the fields of heating, cooling and transport, there is a serious need for energy. The issues that banks should pay attention to when making decisions to extend loans to large-scale energy investments are investigated In this context, similar studies in the literature have been examined and 4 dimensions and 8 different criteria have been identified based on BSC approach. Similar studies in the literature have been examined and 4 dimensions and 8 different criteria have been identified based on BSC approach These factors have been identified for the financing process of large-scale energy projects only. The research question of the study is what the financial institutions should pay attention to in order not to fail large-scale energy financing Otherwise, these projects will not support the country's energy supply process and will cause serious damage to financial institutions. The analysis results and recommendations are explained
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
