Small and Medium Enterprises Credit Decision-making Based on Multi-stage Compound Real Options

摘要：

The flourish of Small and Medium Enterprises (SMEs) reflects they have been the new power of China’s economy development in. Capital support is very crucial for SMEs’ growth. While the direct financing market awaits further development in China, SMEs still have to reliant on credit. So, it’s imperative to develop SMEs credit. The high-risk characteristics make it more important to select SMEs effectively. The article puts forward an innovation that use the mature venture capital evaluation approach to evaluate SMEs credit, and achieve SMEs credit innovation approach based on multistage compound real options, both expanding commercial banks profit and providing financial support to SMEs.

关键词： Multi-stage Compound Real Options SMEs Credit Evaluation Commercial Banks

作者: Chen ZHANG Ning ZHANG

作者单位: School of Management,Hefei University of Technology

会议类型: 国际会议

会议名称: 工业工程与系统管理2007年国际会议(International Conference on Industrial Engineering and Systems Management)(IESM 2007)

会议地点: 北京

会议语种:英文

在线出版日期: 2007-05-30（万方平台首次上网日期，不代表论文的发表时间）