Creditworthiness and Scoring Analysis of the Italian SMEs Using Multiple Informative Sources During the Financial Crisis

Posted: 6 Jan 2013

See all articles by Marco Corazza

Marco Corazza

Ca Foscari University of Venice - Dipartimento di Economia

Stefania Funari

Ca Foscari University of Venice - Department of Management

Riccardo Gusso

Independent

Date Written: February 1, 2012

Abstract

In this paper a particular multicriteria decision aid approach is used in order to evaluate the creditworthiness of a set of about 14,000 Italian firms viewed as potential applicants for bank loans in the 2006-2008 period. The methodology is able to consider simultaneously all factors affecting the applicant firms’ solvency level. The results in terms of scoring, classification into homogeneous rating classes and migration probabilities point out distinct behaviors – partly influenced by the crisis situation – both among the various rating classes groups and during the various years considered in the analysis.

Keywords: Creditworthiness, Multicriteria decision aid, Financial crisis, Rating, Migration probabilities

JEL Classification: C02, G20, G32

Suggested Citation

Corazza, Marco and Funari, Stefania and Gusso, Riccardo, Creditworthiness and Scoring Analysis of the Italian SMEs Using Multiple Informative Sources During the Financial Crisis (February 1, 2012). Bancaria No. 01/2012. Available at SSRN: https://ssrn.com/abstract=2196357

Marco Corazza (Contact Author)

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Stefania Funari

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

Riccardo Gusso

Independent ( email )

No Address Available

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