Abstract
China’s reform and opening-up policies have prioritized technological advancement, with technological SMEs driving employment and economic growth. Despite their significance, these SMEs face substantial financing and operational risks due to inadequate credit measurement tools. This study reviews the historical financing challenges of technological SMEs since the 1980s, summarizes their current credit risk status, and compares four modern credit risk models: Credit Metrics, Credit Risk+, Credit Portfolio View, and KMV. We propose a pioneering KMV Strategy for real-time risk analysis, contributing to accurate credit metrics for these SMEs. Finally, we suggest policies for managing their credit risks through prevention, control, and governance.
| Original language | English |
|---|---|
| Article number | 2374741 |
| Journal | Enterprise Information Systems |
| Volume | 18 |
| Issue number | 8 |
| Early online date | 22 Jul 2024 |
| DOIs | |
| Publication status | Published - 2024 |
Bibliographical note
Copyright © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent.Keywords
- Technological SMEs in China
- KMV model
- risk management
- credit system
- risk analysis and SMEs
- KMV strategy