Research on Financial Risk Path Identification of Small and Medium-sized Energy Enterprises Based on ISM-MICMAC Model

Small and medium-sized energy enterprises face many risks in the process of carrying out financial activities, but the lack of systematic risk path identification countermeasures is easy to make them suffer serious economic losses. Based on the literature analysis method and expert interview method, this paper determines 15 factors that affect the financial risk of small and medium-sized energy enterprises, and uses the ISM to determine the multi-level hierarchical structure of the influencing factors, and then analyzes the hierarchical structure between the factors and the path that affects the financial risk of small and medium-sized energy enterprises. Then, the driving force and dependence of each influencing factor are mined by MICMAC, and the financial risk path of small and medium-sized energy enterprises is identified. This study takes the influencing factors of financial risk of small and medium-sized energy enterprises as the research object. The research results have certain universality, which can provide new solutions for small and medium-sized energy enterprises when facing development problems.