TITLE:
Study of Financing Methods in International Trading Company in Iran (Case Study: Mahan Air Company)
AUTHORS:
Asadollah Mehr Ara, Sedigheh Tootian Esfahani, Seyed Mohammad Seyedhasani
KEYWORDS:
Financing, Finance, Usance, Build, Operate and Transfer (BOT), Loan, Leasing,
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.5 No.1,
March
15,
2016
ABSTRACT: In many projects, especially airlines projects type of financing is very important for some reason such as the amount of capital required and sensitivity of project in terms of political, economic and security issues. In this research, researcher with regard to the importance of the issue is to seek to achieve a goal that will be on the way of finding suitable methods for Mahan Air to financing and what is involved the researcher's mind is to introduce and identify best methods of financing from internal and external methods for international trading companies and especially Mahan air. At the first, a survey was conducted from 15 experts to prioritize important ways using pairwise comparisons questionnaires and fuzzy analytical hierarchy process. Then to practical test of obtained priority another questionnaire was used. In order to ensure the validity of the questionnaire professors and experts were asked to comment and their view was confirmed the validity of questionnaire. To ensure unambiguity in the questions and reliability, questionnaire tentatively distributed among 30 individuals and Cronbach’s alpha 722/0 was obtained that represented good credit of questionnaire. The results showed that in the financing of projects in the international trading companies in internal resources: loan, equity participation, instalment sale, leasing, internal line of financing, profit sharing respectively and external sources of finance, usance, external line of financing, build, operate and transfer (BOT) and joint venture respectively involved and closer inspection revealed that there was a significant relationship between various methods of financing and success of the project.