文章基本信息

标题：Determinants of SME credit worthiness under Basel rules: the value of credit history information
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作者：Francesco Dainelli ; Francesco Giunta ; Fabrizio Cipollini 等
期刊名称：PSL Quarterly Review
印刷版ISSN：2037-3643
出版年度：2013
卷号：66
期号：264
语种：English
出版社：Economia civile
摘要：The Basel III Accord has reportedly had an impact on SME financing. In this paper, we aim to highlight the determinants of SME credit worthiness. We use credit history in addition to financial ratios and “hybrid” indicators that have been built by mixing credit history with financial statement data. We develop a failure prediction logit model on 187 Italian SMEs. The use of short-term credit lines is the most important variable. Contrary to common understanding, capitalization levels do not affect ratings. Lastly, credit worthiness is sensitive to sale profitability. JEL Codes: M21, E51, G24 Keywords: Basel accord; Small business financing; credit historical data; rating
关键词：Basel accord;Small business financing;credit historical data;rating