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A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects

Author

Listed:
  • Qilong Wan

    (Huanghuai University)

  • Xiaodong Miao

    (University of Chinese Academy of Social Sciences)

  • Chenguang Wang

    (Lingnan University)

  • Hasan Dinçer

    (İstanbul Medipol University)

  • Serhat Yüksel

    (İstanbul Medipol University)

Abstract

In the last decade, the risk evaluation and the investment decision are among the most prominent issues of efficient project management. Especially, the innovative financial sources could have some specific risk appetite due to the increasing return of investment. Hence, it is important to uncover the risk factors of fintech investments and investigate the possible impacts with an integrated approach to the strategic priorities of fintech lending. Accordingly, this study aims to analyze a unique risk set and the strategic priorities of fintech lending for clean energy projects. The most important contributions to the literature can be listed as to construct an impact-direction map of risk-based strategic priorities for fintech lending in clean energy projects and to measure the possible influences by using a hybrid decision making system with golden cut and bipolar q-rung orthopair fuzzy sets. The extension of multi stepwise weight assessment ratio analysis (M-SWARA) is applied for weighting the risk factors of fintech lending. The extension of elimination and choice translating reality (ELECTRE) is employed for constructing and ranking the risk-based strategic priorities for clean energy projects. In this process, data is obtained with the evaluation of three different decision makers. The main superiority of the proposed model by comparing with the previous models in the literature is that significant improvements are made to the classical SWARA method so that a new technique is created with the name of M-SWARA. Hence, the causality analysis between the criteria can also be performed in this proposed model. The findings demonstrate that security is the most critical risk factor for fintech lending system. Moreover, volume is found as the most critical risk-based strategy for fintech lending. In this context, fintech companies need to take some precautions to effectively manage the security risk. For this purpose, the main risks to information technologies need to be clearly identified. Next, control steps should be put for these risks to be managed properly. Furthermore, it has been determined that the most appropriate strategy to increase the success of the fintech lending system is to increase the number of financiers integrated into the system. Within this framework, the platform should be secure and profitable to persuade financiers.

Suggested Citation

  • Qilong Wan & Xiaodong Miao & Chenguang Wang & Hasan Dinçer & Serhat Yüksel, 2023. "A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-25, December.
    • Handle: RePEc:spr:fininn:v:9:y:2023:i:1:d:10.1186_s40854-022-00406-w
    DOI: 10.1186/s40854-022-00406-w
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    References listed on IDEAS

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    Cited by:

    1. Gang Kou & Hasan Dinçer & Serhat Yüksel, 2024. "Pattern recognition of financial innovation life cycle for renewable energy investments with integer code series and multiple technology S-curves based on Q-ROF DEMATEL," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-22, December.
    2. Serhat Yüksel & Hasan Dinçer & Duygu Yavuz, 2023. "Determination of Priority Factors for the Development of Green Banking Practices in Turkey with the Fuzzy DEMATEL Method," Journal of Sustainable Development Issues (JOSDI), SDIjournals, vol. 1(1), pages 23-41, December.
    3. Asma S. Alzwi & Jamil J. Jaber & Hani Nuri Rohuma & Rania Al Omari, 2024. "Evaluation of Total Risk-Weighted Assets in Islamic Banking through Fintech Innovations," JRFM, MDPI, vol. 17(7), pages 1-23, July.
    4. Chicheng Huang & Serhat Yüksel & Hasan Dinçer, 2025. "A Novel Fuzzy Model for Knowledge-Driven Process Optimization in Renewable Energy Projects," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 5183-5215, March.

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