Analyzing the Dimensions and Components of Banking and the Role of Collateral and Collateral Management in Banking Facilities

Abstract

This study investigated the factors affecting the enforceability of collateral in legal and institutional systems and used analytical models such as meta-synthesis, interpretive structural modeling, and MICMAC to analyze the relationships between variables. In the qualitative part, the factors were extracted through meta-synthesis and evaluated with the triangular fuzzy Delphi screening technique. The statistical population included university professors, managers, and senior credit experts of the Agricultural Bank, who were selected purposefully. In the quantitative part, the relationships between the factors were analyzed with a combined method of interpretive structural modeling and MICMAC analysis in a fuzzy environment. The results showed that 15 criteria were classified into three main criteria and four levels. Among these factors, the results show that the factors of collateral validity period and the history of the collateral provider are among the most influential indicators that have direct and important effects on other collateral management criteria.