A Dynamic Credit Index System for TSMEs in China Using the Delphi and Analytic Hierarchy Process (AHP) Methods

Ao Yu, Zhuoqiang Jia, Weike Zhang, Ke Deng and Francisco Herrera
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Ao Yu: School of Economics, Sichuan University, Chengdu 610065, China
Zhuoqiang Jia: School of Economics, Sichuan University, Chengdu 610065, China
Ke Deng: Chengdu Administration China (Sichuan) Pilot Free Trade Zone, Chengdu 610041, China
Francisco Herrera: Andalusian Research Institute in Data Science and Computational Intelligence (DaSCI), University of Granada, 18071 Granada, Spain

Sustainability, 2020, vol. 12, issue 5, 1-21

Abstract: A high-quality credit index system is essential for technological small and medium-sized enterprises (TSMEs) to obtain financing from various institutions, such as banks, venture capital. Some attempts have made to construct the credit index system for TSMEs. However, the current credit index systems for TSMEs have placed too much emphasis on their financial ability with few prominent technological and talent indicators. Therefore, this study has proposed a dynamic credit index system for TSMEs in China using the Delphi and the Analytic Hierarchy Process (AHP) methods. This credit index system covers a wide range of indicators to measure the enterprises’ controller ability, operation and management ability, financial ability, and innovation capacity. This study made some contributions in the following aspects: (1) This study proposed a credit index system for TSMEs that highlights the main characteristics of technological innovation and talents of enterprises in China. (2) The credit index system is also highly adaptable as it can dynamically adjust the index weight according to the life cycles of TSMEs. (3) A case study of evaluating the credit of three TSMEs in China was selected to verify the feasibility and the effectiveness of this system. The results show that the credit index system constructed in this study provides a comprehensive and systematic model for evaluating the credit of TSMEs in China.

Keywords: technological small and medium-sized enterprises (TSMEs); credit evaluation; delphi method; analytic hierarchy process (AHP) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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