Browse > Article
http://dx.doi.org/10.14400/JDC.2019.17.4.123

Relative Importance of Executive Competency Factors of SMEs and Venture Firms in Credit Evaluation  

Lee, Chun Hee (Dept. of Advanced Industry Fusion, Konkuk University)
Lee, Dong Myung (Dept. of Advanced Industry Fusion, Konkuk University)
Chen, Lu (Dept. of Advanced Industry Fusion, Konkuk University)
Publication Information
Journal of Digital Convergence / v.17, no.4, 2019 , pp. 123-136 More about this Journal
Abstract
This study is to provide a method to increase the credit rating of the company by examining and managing the executive competency of the CEO of SMEs and Venture Firms. We analyzed the importance and priority of AHP by surveying bank loan staff and CEOs. According to the analysis results, ethics management, strategic thinking, and expertise level were the highest in the relative importance of bank loan staff. The relative importance of CEOs was higher in order of marketing, bank transaction reliability, and financing. Result of this study is similar to the relative importance of the previous research. This study suggests to disclosing credit rating system and reflect the opinions of the CEO in order to protect financial consumers. The significance of this study is to present the factors and the importance that can help to develop advanced models.
Keywords
Small and Medium sized Enterprises; SMEs and Venture Firms; Credit Rating; Executive Competency; AHP; Relative Importance;
Citations & Related Records
Times Cited By KSCI : 13  (Citation Analysis)
연도 인용수 순위
1 W. J. Yoo & C. G. Lee. (2015). The Impact of Non-Financial Factors in SME and Venture Business Credit Evaluation. The Korean Academic Association of Business Administration, 28(12), 3191-3210. DOI :10.18032/kaaba.2015.28.12.3191   DOI
2 S. I. Kwon. (2015). The Latest Corporate Credit Analysis(Eighth Edition), Seoul; Korea Finance Training Institute.
3 T. H. Hong & T. S. Shin. (2007). Developing Corporate Credit Rating Models Using Business Failure Probability Map and Analytic Hierarchy Process. Journal of information systems, 16(3), 1-20.
4 G. Lee & W. S. Choi. (2016). The Effect of Bank-Managers' Ability on Bank Performance. korean management review, 45(1), 213-240. DOI : 10.17287/kmr.2016.45.1.213   DOI
5 N. S. Kim. (2010). A Study on Consumer Protection Scheme of Credit Lending. Seoul; Korea Consumer Agency
6 Financial Services Commission. (2018). Comprehensive Improvement of Personal Credit Rating System. http://www.fsc.go.kr
7 P. G. Kim, S. W. Hwang & H. J. Lee. (2014). Improvement of Credit Rating System. Seoul; Korea Capital Market Institute.
8 Korea Investors Service. (2016). Action II for transparency in credit rating. http://www.kisrating.com
9 B. G. Park & S. G. Hwang. (2010). Pattern Analysis of Core Competency of CEO Using Fuzzy ID3. Journal of Korean Institute of Intelligent Systems, 20(2), 273-278.   DOI
10 C. B. Kim & S. H. Lee. (2017). A Study on the Influence of One-Person Company Entrepreneurs Capabilities on the Performance of Firms. Korean Journal of Business Administration, 30(8), 1387-1407. DOI : 10.18032/kaaba.2017.30.8.1387   DOI
11 H. C. Kim, A. R. Lim & K. P. Kim. (2015). The Effect of Youth Entrepreneurs' Competence on Entrepreneurial Performance. Korea Journal of Human Resources Development, 18(2), 27-58.
12 M. G. Antonia, G. P. L. Domingo & V. A. Howard. (2011). An analysis of non-financial factors associated with financial distress. Entrepreneurship & Regional Development, 23(3), 59-186. DOI : 10.1080/08985620903233911
13 S. B. Lee. (2017). An Analysis on the Critical Startup Success Factors in Small-Sized Venture Businesses. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 53-63. DOI : 10.16972/apjbve.12.3.201706.53   DOI
14 Y. S. Yun & B. Y. Hwang. (2014). Entrepreneurial Characteristics Affecting on Angel Investors's Decision making. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 9(3), 47-61. DOI : 10.16972/apjbve.9.3.201406.47
15 S. G. Shim. (2007). What will corporate credit management do?. Seoul: IBK Economic Research Institute.
16 S. K. Choi, Y. Hwangbo & D. Y. Rhee. (2013). A Study on the Qualitative Evaluation Factors for Mobile Game Company. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 8(3), 125-146. DOI : 10.16972/apjbve.8.3.201309.125   DOI
17 I. O. Jeon. (2017). The Impact of Entrepreneurship on Corporate Performance: Focusing on the Effects of Technological Innovation and Marketing Competence. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 87-105.   DOI
18 S. M. Jang & K. I. Kim. (2018). The Effects of the Environmental Factors for ICT adoption on Globalization capabilities and business performance of SMEs. Journal of Convergence for Information Technology, 8(4), 219-224. DOI : 10.22156/CS4SMB.2018.8.4.219   DOI
19 R. H. Yu, C. H. Yu & G. H. Kang. (2016). A Study on Factors Influencing Business Performance of B2B SME's. Journal of East and Central Asian Studies, 27(2), 55-71.
20 Y. B. Kim. (2017). A Study on the Strategy for Mainstream Market Entry of New Convergence Products - SMBs concerning. Journal of Convergence for Information Technology, 7(2), 17-24. DOI : 10.22156/CS4SMB.2017.7.2.017   DOI
21 K. H. Yoo & D. L. Kim. (2016). An Empirical Analysis about the usefulness of Internal Control Information on Corporate Soundness Assessment. Journal of Digital Convergence, 14(8), 163-175, DOI : 10.14400/JDC.2016.14.8.163   DOI
22 Financial Supervisory Service. (2018). Current Status and Implications of Domestic Banks' Asset Management after the Financial Crisis. http://www.fss.or.kr
23 Korea Enterprise Data. (2016). KED Credit Rating Methodology. http://www.kedkorea.com
24 C. S. Lee, J. Y. Yoon & H. J. Ko. (2012). The Study on Relative Importance of R&D Business Model. Journal of the Korea Academia-Industrial cooperation Society, 13(6), 2551-2557.   DOI
25 J. H. Jeon. (2018). The Effect of Corporate Social Responsibility and Audit Size on Credit Rating. Journal of the Korea Convergence Society, 9(1), 1-8. DOI : 10.15207/JKCS.2018.9.1.001   DOI
26 J. S. Lee & J. J. Kim. (2016). A Study on the Effective Combining Technology and Credit Appraisal Information in the Innovation Financing Market. Journal of Digital Convergence, 15(1), 199-208. DOI : 10.14400/JDC.2017.15.1.199   DOI
27 M. J. Lee & K. I. Khoe. (2015). Development Method of Digital Content Finance-Focused on by Technical Value Evaluation. Journal of the Korea Convergence Society, 6(6), 111-117. DOI : 10.15207/JKCS.2015.6.6.111   DOI
28 C. S. Park & M. S. Kim. (2011). Credit Evaluation Model for Medical Venture Business By the Analytic Hierarchy Process. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 6(2), 133-147. DOI : 10.16972/apjbve.6.2.201106.133
29 Y. S. Kim, W. J. Yoo, C. G. Lee & D. M. Lee. (2012). A Study on Non-financial Factors for the Bankruptcy Prediction of Small & Mid-sized Venture Business through Cases. Journal of the Korea management engineers society, 17(1), 245-258.
30 I. K. Lee & D. W. Yang. (2016). An Empirical Study on the Effect of CEO Technological Capability on Management Performances:Focusing on mediating effect technological capability in SMEs. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 11(2), 167-182. DOI : 10.16972/apjbve.11.2.201604.167   DOI
31 M. H. Morris, J. W. Webb, J. Fu & S. Singhal. (2013). A Competency-Based Perspective on Entrepreneurship Education: Conceptual and Empirical Insights. Journal of Small Business Management, 51(3), 352-369. DOI : 10.1111/jsbm.12023   DOI
32 Incheon International Airport Corporation. (2014). Criteria for evaluation of the president's public offering. http:// www.airport.kr
33 H. H. Lee, B. Y. Hwang & C. H. Gong. (2017). A Study on the Factors that Determine the Initial Success of Start-Up. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(1), 1-13. DOI : 10.16972/apjbve.12.1.201702.1   DOI
34 S. Y. Yun, S. S. Lim & Y. H. Cho. (2017). Study on Evaluation System and Practice Strategy of SME's CSR. Korean Journal of Resources Development, 20(3), 131-158. DOI : 10.24991/kjhrd.2017.09.20.3.131   DOI
35 S. S. Lee. (2016). A comparison of weight on SWOT factors of hidden champion between Korea and Germany. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 11(6), 163-174. DOI: 10.16972/apjbve.11.6.201612.163   DOI
36 S. I. Chae & D. M. Lee. (2014). A Study on Critical Factors for Outsourcing Partner Selection of Small & Medium Manufacturers using the AHP Analysis. Global Business Administration Review, 11(4), 115-130. DOI :10.17092/jibr.2014.11.4.115   DOI
37 S. S. Bahn, K. M. Song & S. T. Kim. (2009). A Study on the Credit Rating as an Indicator of Venture Success. Korean Journal of Business Administration, 22(1), 181-204.
38 S. K. Oh. (2011). Changes in the Environment of the Korean Corporate Credit Rating Industry and Future Plans. Seoul : Korea Institute of Finance