FOUNDATIONS OF THE REVOLUTIONARY RATING METHOD FOR INNOVATIVE SMES

Arto Lahti
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Arto Lahti: Helsinki School of Economics, Entrepreneurship and Small Business Management, Finland

Journal of Enterprising Culture (JEC), 1998, vol. 06, issue 02, 171-197

Abstract: In a modern computerized financial market, the increasing professionalism of markets has created knowledge based barriers between innovative entrepreneurs and financial experts. Rating agency having pragmatic business orientation is able to build a bridge between the financial markets with scientific, computerized instruments and innovative entrepreneurs.This paper demonstrates the foundation of a valid rating method. The method is called revolutionary since it combines process management based measurement with formal rating statement. In addition to the methodology used, the philosophy of organizing rating process is revolutionary since the rating agency is supposed to be a financial or even business consultant besides having its official status as rating agency.

Date: 1998
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DOI: 10.1142/S0218495898000102

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