Research on Risk Hierarchical Structure of High-Tech Startups Based on DEMATEL-ISM Model

Li L., Li X., Delaney J., Pan M., Chen Q.

16th International Conference on Management Science and Engineering Management (ICMSEM), Ankara, Turkey, 3 - 06 August 2022, vol.144, pp.17-29 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 144
  • Doi Number: 10.1007/978-3-031-10388-9_2
  • City: Ankara
  • Country: Turkey
  • Page Numbers: pp.17-29
  • Keywords: Startup, Risk management, DEMATEL-ISM, INNOVATION
  • Gazi University Affiliated: No

Abstract

High-tech startups are becoming increasingly prominent in economic development. With high returns, high-tech startups also involve high risks. Scholars have identified and evaluated the risk factors high-tech startups face, but the correlation and interaction between risk factors are rarely discussed. By filling this gap, this paper analyzes the risk factors faced by high-tech startups using the environmental analysis method and constructs a hierarchical structure model to analyze the correlation and interaction between risk factors based on the DEMATEL-ISM method. In addition, some suggestions for risk management are put forward. Our research may give some guidance for high-tech startups on risk management.