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dc.contributor.authorChai, Nana
dc.contributor.authorWu, Bi
dc.contributor.authorShi, Baofeng
dc.contributor.authorYANG, WEIWEI
dc.date.accessioned2019-04-29T07:29:51Z
dc.date.available2019-04-29T07:29:51Z
dc.date.issued2019-02-27
dc.identifier.citationChai, N., Wu, B., Yang, W. and Shi, B., (2019). 'A Multicriteria Approach for Modeling Small Enterprise Credit Rating: Evidence from China'. Emerging Markets Finance and Trade, 55(11), pp. 2523-2543. DOI: 10.1080/1540496X.2019.1577237en_US
dc.identifier.issn1540496X
dc.identifier.doi10.1080/1540496X.2019.1577237
dc.identifier.urihttp://hdl.handle.net/10545/623724
dc.description.abstractAs the engine of China’s economy, small enterprises have been the central to the country’s economic development. However, given the characteristics of the small enterprises loan (i.e., short borrowing period, large volume, small amount and incomplete information), it is extremely challenging for financial institutions to assess their creditworthiness. Thus, it seriously delays and restricts the financing access for small enterprises. In an attempt to relieve the financing difficulty of small enterprises, this article makes use of 687 small wholesale and retail enterprises in a regional commercial bank in China, to establish a credit rating indicator system composed of 17 indicators by using both partial correlation analysis and probit regression. It then utilizes TOPSIS together with fuzzy C-means to score the credit ratings of our sample of small enterprises. With the dual test of default discrimination and ROC curve, the prediction accuracy of the established indicator system has reached 80.10% and 0.917, respectively, indicating the robustness and validity of our credit rating system.en_US
dc.description.sponsorshipNational Natural Science Foundation of Chinaen_US
dc.language.isoenen_US
dc.publisherTaylor & Francisen_US
dc.relation.urlhttps://www.tandfonline.com/doi/full/10.1080/1540496X.2019.1577237en_US
dc.subjectFinanceen_US
dc.subjectcredit ratingen_US
dc.subjectdefault risken_US
dc.subjectfuzzy c-meansen_US
dc.titleA multicriteria approach for modeling small enterprise credit rating: Evidence from Chinaen_US
dc.typeArticleen_US
dc.identifier.eissn15580938
dc.contributor.departmentuniversity of derbyen_US
dc.identifier.journalEmerging Market Finance and Tradeen_US
dc.source.journaltitleEmerging Markets Finance and Trade
dc.source.beginpage1
dc.source.endpage21
dcterms.dateAccepted2019-01-27
dc.author.detailUnkownen_US


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