Financial innovation: Credit default hybrid model for SME lending

作者：

Highlights：

• We propose an ANN/logistic credit risk hybrid model for SME lending.

• We find that the hybrid model is more accurate than either of the separate ones.

• Our study is one of few that sheds light on the hybrid model.

• Our study is one of few which focuses on credit risk models for SMEs.

• The hybrid model can help the bank decrease the errors in credit risk evaluations.

摘要

•We propose an ANN/logistic credit risk hybrid model for SME lending.•We find that the hybrid model is more accurate than either of the separate ones.•Our study is one of few that sheds light on the hybrid model.•Our study is one of few which focuses on credit risk models for SMEs.•The hybrid model can help the bank decrease the errors in credit risk evaluations.

论文关键词：G32,G33,Credit default,Credit risk,Bankruptcy,Credit scoring hybrid model,Small and medium-sized firm (SME)

论文评审过程：Received 3 March 2015, Revised 16 May 2016, Accepted 18 May 2016, Available online 24 May 2016, Version of Record 10 June 2016.

论文官网地址：https://doi.org/10.1016/j.eswa.2016.05.029