Comparative study of credit rating of SMEs based on AHP and KMV model

DOI

10.2991/jisem-15.2015.47How to use a DOI?

Keywords

AHP, KMV Model, Credit Rating

Abstract

This paper constructs credit rating model for small and medium-sized enterprises (SMEs) by the comparison of Analytic Hierarchy Process (AHP) and the modified KMV model (Or called KMV-Merton model). Mainly based on the analysis of financial situation, stock price and other related data in printing industry in listed company in 2012-2014, we compare the differences between the two theories in credit rating, verify the data rationality, broaden the thought of result reliability and explore how to strengthen the SEMs credit rating system in our country. The research will have certain help on enhancing the credit rating management.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Gao Jia-ni
AU  - Gui Yong-ping
PY  - 2015/12
DA  - 2015/12
TI  - Comparative study of credit rating of SMEs based on AHP and KMV model
BT  - Proceedings of the 2015 Joint International Social Science, Education, Language, Management and Business Conference
PB  - Atlantis Press
SP  - 230
EP  - 236
SN  - 2352-5398
UR  - https://doi.org/10.2991/jisem-15.2015.47
DO  - 10.2991/jisem-15.2015.47
ID  - Jia-ni2015/12
ER  -