Default Risk Assessment of Tunisian SMEs: Multiple Criteria Decision Making Approaches

Salah Ben Hamad () and Nesrine Turki
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Salah Ben Hamad: Université de Sfax, Faculté des Sciences Économiques et de Gestion de Sfax, Tunisie.
Nesrine Turki: Université de Monastir, Faculté des Sciences Économiques et de Gestion de Mahdia, Tunisie.

Journal of Business, 2016, vol. 1, issue 1, 29-40

Abstract: The default risk is a reality as well for the companies as for the economy of a country. This paper has highlighted the fact that in spite of the many incentives to promote Tunisian SMEs, creation of these companies remains below expectations. Thus, a study assessing the risk of failure is imperative. A multicriteria methodology of decision-making in a sample of 41 small and medium-sized enterprises used financing by the Tunisian Solidarity Bank (BTS) as one of the financial support structures relative to investment credits. The results showed that the application of a policy of caution (pessimistic procedure) in the granting of loans by the BTS is the main obstacle to the creation, development and sustainability of the Tunisian SMEs.

Keywords: default risk; ELECTRE III; ELECTRE TRI; Tunisian SMEs, (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:lrc:larjob:v:1:y:2016:i:1:p:29-40

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