METHODOLOGY FOR ASSESSING THE CREDITWORTHINESS OF SME BORROWERS. INDUSTRY-SPECIFIC APPROACH
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Author(s): | Mikhailyuk I. V., |
| Number of journal: | 4(69) | Date: | November 2024 |
| Annotation: | The study was conducted in order to develop a methodological approach to assessing a borrower of small and medium-sized enterprises, taking into account industry specifics. The objectives of the study were to form a methodological approach to assessing the creditworthiness of SME borrowers, to develop a methodology for assessing the borrower`s creditworthiness, and to test the results obtained. General scientific methods were used for the study — analysis, generalization, synthesis, as well as specific ones — the method of correlation analysis using the Pearson coefficient, rating. The subjects of observation were small and medium-sized enterprises of the Novosibirsk region. The processing of official reporting data of small and medium-sized enterprises was carried out in the STATISTICA software. As a result of the study, a set of quantitative indicators for key sectors of the economy was determined. To determine the terms of lending, the author suggests using a rating system, a collateral mechanism for reducing credit risks, and coefficients for calculating the maximum credit burden of the borrower. According to the results of the approbation, the ratings of borrowers and the possibility of lending were determined. The results of the study confirmed the hypothesis that it is necessary to improve the methods of assessing the creditworthiness of SME borrowers, since the impact of financial indicators in different industries is different. The theoretical significance of the study lies in the development of a methodological approach to assessing creditworthiness, the practical significance lies in the application of a methodological approach to the creation of intrabank methods. The creditworthiness assessment methodology is recommended for implementation in scoring lending models, as it allows a credit institution to quickly and objectively determine the financial position of a borrower based on accounting statements and information from open sources. | ||
| Keywords: | creditworthiness, small and medium-sized enterprises, methodological approach, assessment methodology, borrower assessment, credit rating, scoring, industry approach, correlation analysis, rating system |
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| For citation: | Mikhailyuk I. V. Methodology for assessing the creditworthiness of SME borrowers. Industry-specific approach. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2024;4(69):116—123. DOI: 10.25683/VOLBI.2024.69.1134. |
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