Based on the ISM-MICMAC model, the risk path identification and factor analysis of the capital operation of small and medium-sized real estate enterprises

Abstract

In small and medium-sized real estate enterprises, the accurate identification of the main factors affecting the operation of enterprise project funds and the analysis of their influencing process significantly impact the survival and development of small and medium-sized enterprises. Analyze the influence of financing, investment and construction activities on the operation of project funds and identify 16 major risk factors. Based on the calculation of the adjacency matrix and reachable matrix, the interpretive structure model and hierarchical structure diagram (ISM) were constructed, and divide the influencing factors into four categories, namely independent cluster, dependent cluster, linkage cluster, spontaneous cluster, combined with cross influence matrix multiplication (MICMAC). The results show that the driving force of quality management is low, but the dependence is vital. The macro background of financing, investment management, investment policy, and organizational coordination have low driving force and strong dependence. Quality management is an essential factor affecting the regular operation of enterprise project funds. The macro background of financing, investment management, investment policy, and organization coordination are the direct reasons to keep the project fund risk stable. The research of this paper will contribute to the healthy development of SMEs and play a positive role in China's social and economic life.