An Evaluation Method Based on Cloud Model for the Credit of High-Tech SMEs

Guo-qiang Zhou (), Xue-qing Wang, Rui Liu and Li-guo Sun
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Guo-qiang Zhou: Tianjin University
Xue-qing Wang: Tianjin University
Rui Liu: Ministry of Environmental Protection
Li-guo Sun: China Bohai Bank

Chapter Chapter 151 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1427-1436 from Springer

Abstract: Abstract In the process of resolving financing difficulties of high-tech small and medium enterprises (SMEs) in China, the evaluation of credit risk of high-tech SMEs becomes a very challenging problem for the bank. This paper proposes a novel evaluation method based on cloud model to measure the credit risk of Chinese listed high-tech SMEs. Finally, an example is provided for illustrative purpose, and the indexes system of credit evaluation is established of 25 key factors, embedded within five broad categories: credit quality, organizational level, operation level, R&D level and network position. This research shows that it is a better way to use this method to realize transforming qualitative terms described in a natural language to distribution patterns of quantitative values, especially for high-tech SMEs.

Keywords: Cloud model; Credit evaluation; Credit risk; Credit scoring; High-tech SMEs (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38391-5_151

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DOI: 10.1007/978-3-642-38391-5_151

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