Owing to information asymmetry,evaluating the credit risk of small-and mediumsized enterprises(SMEs)is difficult.While previous studies evaluating the credit risk of SMEs have mostly focused on intrinsic risk generate...Owing to information asymmetry,evaluating the credit risk of small-and mediumsized enterprises(SMEs)is difficult.While previous studies evaluating the credit risk of SMEs have mostly focused on intrinsic risk generated by SMEs,our study considers both intrinsic and relational risks generated by neighbor firms’publicly available risk events.We propose a framework for quantifying relational risk based on publicly available risk events for SMEs’credit risk evaluation.Our proposed framework quantifies relational risk by weighting the impact of publicly available risk events of each firm in an interfirm network—considering the impact of interfirm network type,risk event type,and time dependence of risk events—and combines the relational risk score with financial and demographic features to evaluate SMEs credit risk.Our results reveal that relational risk score significantly improves both discrimination and granting performances of credit risk evaluation of SMEs,providing valuable managerial and practical implications for financial institutions.展开更多
企业网络日益成为管理实践和理论研究的关注焦点。通过对1997-2016年Web of Science(WOS)数据库中与企业网络相关的563篇文献进行梳理,探寻企业网络研究的知识基础、核心议题和研究热点。采用引文共被引分析、聚类分析及突现性分析等计...企业网络日益成为管理实践和理论研究的关注焦点。通过对1997-2016年Web of Science(WOS)数据库中与企业网络相关的563篇文献进行梳理,探寻企业网络研究的知识基础、核心议题和研究热点。采用引文共被引分析、聚类分析及突现性分析等计量分析方法,构建企业网络研究整合性框架,将企业网络知识基础分为网络治理、网络资源、创新网络和网络结构4个维度,并形成了新兴经济体企业网络、跨层次企业网络、董事网络、创业网络、网络能力、企业网络动态演化和节点异质性等七大研究热点。最后,提出改善研究思路与方法、关注特殊网络、注重跨层次研究和重视文化差异、关注网络"黑暗面"等企业网络研究建议。展开更多
基金the National Natural Science Foundation of China(Grant Nos.71731005,Nos.72101073)。
文摘Owing to information asymmetry,evaluating the credit risk of small-and mediumsized enterprises(SMEs)is difficult.While previous studies evaluating the credit risk of SMEs have mostly focused on intrinsic risk generated by SMEs,our study considers both intrinsic and relational risks generated by neighbor firms’publicly available risk events.We propose a framework for quantifying relational risk based on publicly available risk events for SMEs’credit risk evaluation.Our proposed framework quantifies relational risk by weighting the impact of publicly available risk events of each firm in an interfirm network—considering the impact of interfirm network type,risk event type,and time dependence of risk events—and combines the relational risk score with financial and demographic features to evaluate SMEs credit risk.Our results reveal that relational risk score significantly improves both discrimination and granting performances of credit risk evaluation of SMEs,providing valuable managerial and practical implications for financial institutions.
文摘企业网络日益成为管理实践和理论研究的关注焦点。通过对1997-2016年Web of Science(WOS)数据库中与企业网络相关的563篇文献进行梳理,探寻企业网络研究的知识基础、核心议题和研究热点。采用引文共被引分析、聚类分析及突现性分析等计量分析方法,构建企业网络研究整合性框架,将企业网络知识基础分为网络治理、网络资源、创新网络和网络结构4个维度,并形成了新兴经济体企业网络、跨层次企业网络、董事网络、创业网络、网络能力、企业网络动态演化和节点异质性等七大研究热点。最后,提出改善研究思路与方法、关注特殊网络、注重跨层次研究和重视文化差异、关注网络"黑暗面"等企业网络研究建议。
