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Construction of a credit risk measurement system for small and micro firms in the context of internet financing

Author

Listed:
  • Yi Wang
  • Jiaru Lao
  • Xiaowei Niu
  • Eun-Young Nam

Abstract

Small and micro firms (SMFs) are indispensable elements of the socioeconomy. However, they face significant and costly financing challenges due to their inherent characteristics and market factors. The advent of internet financing offers a potential solution to these financing difficulties for SMFs. Nevertheless, given the current lack of sophisticated regulations over internet financing in China, balancing the provision of financial support to SMFs while maintaining the safety and stability of the financial market and institutions has become a critical area of interest. This paper aims to construct a credit risk measurement indicator system for SMFs in the context of internet financing. The proposed system consists of a goal layer, a criterion layer, an index layer, and a secondary criteria layer, and the analytic hierarchy process (AHP) method is used to develop a corresponding weight system. This paper offers a reference model to promote the development of financial services such as credit financing for SMFs while ensuring financial security.

Suggested Citation

  • Yi Wang & Jiaru Lao & Xiaowei Niu & Eun-Young Nam, 2024. "Construction of a credit risk measurement system for small and micro firms in the context of internet financing," International Journal of Data Science, Inderscience Enterprises Ltd, vol. 9(3/4), pages 312-332.
    • Handle: RePEc:ids:ijdsci:v:9:y:2024:i:3/4:p:312-332
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