Credit Risk Modeling of Knowledge-based Companies Case Study: Knowledge-based Companies in Science and Technology Parks of Semnan Province

Authors

Abstract:

The main purpose of this study is to identify and investigate the factors affecting the credit risk of knowledge-based companies located in Science and Technology Parks of Semnan province and to present an appropriate model. The statistical population of the study includes all 68 knowledge-based companies of Semnan province that have been active in Science and Technology Parks of Semnan province during 2016, 2017 and 2018. For this purpose, the logit Regression Model with a qualitative dependent variable with zero value for non-deferred companies (risk-free) and one for companies with deferred (risky) with 6 explanatory variables including variables of concentration ratio, company history, type of documents, history of borrowing, history of returned checks and profitability were proposed and introduced. The source of data collection of dependent variable and explanatory variables, other than the concentration ratio, is the integrated inquiry system of Central Bank. Also, to calculate the concentration ratio variable, using the microdata of Iran's industrial sector in the years under study, the concentration ratio of 5 firms in terms of employment by two-digit industry codes (ISIC) was estimated by fitting the lognormal parametric model. Then, the structure of the industry was identified and the position of the studied companies in this structure was determined. Finally, with the help of Eviews software, all variables were entered into the model and fitted. According to the results, the variables of concentration ratio, type of collateral and profitability have a significant negative effect on credit risk; That is, by increasing each of these variables, assuming the other variables remain constant, the probability of facility deferral or credit risk decreases. Also, the variables of returned checks history, borrowing history and company history with a positive and significant effect, have the greatest impact on increasing credit risk. Out of 68 knowledge-based companies in Semnan province, 45 companies are in the structure of monopoly competition, 2 companies are in the structure of multilateral monopoly and 21 companies are in the structure of full competition.  

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

Identifying and Ranking Development Drivers of Knowledge-based Technology-Driven Companies (Case study: Fars Province Science and Technology Park)

The purpose of this Study study is to identify and rank the development drivers of knowledge-based, technology-driven businesses. This work is conducted as a case study in Fars Province Science and Technology Park. It is a descriptive survey in terms of purpose since a part of its data is collected through questionnaires and is of surveying type because it describes the existing conditions. The...

full text

A Talent Management Model in Active Knowledge-Based Companies in Agricultural Domain of Guilan Province (Case Study: Rasht City)

The study aims at providing a model for talent management in active knowledge-based companies in agricultural domain of Guilan Province. This applied and descriptive study with a mixed research method. In the qualitative part, an in-depth semi-structured interview with 30 experts was used and also the theoretical foundations and research background study were applied for qualitative data collec...

full text

a comparison of linguistic and pragmatic knowledge: a case of iranian learners of english

در این تحقیق دانش زبانشناسی و کاربردشناسی زبان آموزان ایرانی در سطح بالای متوسط مقایسه شد. 50 دانش آموز با سابقه آموزشی مشابه از شش آموزشگاه زبان مختلف در دو آزمون دانش زبانشناسی و آزمون دانش گفتار شناسی زبان انگلیسی شرکت کردند که سوالات هر دو تست توسط محقق تهیه شده بود. همچنین در این تحقیق کارایی کتابهای آموزشی زبان در فراهم آوردن درون داد کافی برای زبان آموزان ایرانی به عنوان هدف جانبی تحقیق ...

15 صفحه اول

the effect of structural capitals of an organization on recognition of entrepreneurial opportunities (case study: knowledge-based companies based at eqbal technology and science park of yazd province)

the present paper undertakes to investigate the effect of an organization‘s structural capitals on recognition of entrepreneurial opportunities in knowledge-based companies at eqbal technology and science park of yazd province. the research sample included 75 executive managers working in the sample companies which on the ground of the limited number of the participants, the survey method was u...

full text

Factors influencing Open Innovation: Case of Knowledge-Based Companies in Oil and Gas Industry

Technological entrepreneurship at oil and gas knowledge-based companies plays an important role in the growth of societies by increasing the technological capacity of the economy through the production, transfer, and dissemination of technological products in todaychr('39')s competitive era. Due to the technology-oriented nature of the oil and gas industry and the high costs of its research and...

full text

Factors influencing Open Innovation: Case of Knowledge-Based Companies in Oil and Gas Industry

Technological entrepreneurship at oil and gas knowledge-based companies plays an important role in the growth of societies by increasing the technological capacity of the economy through the production, transfer, and dissemination of technological products in todaychr('39')s competitive era. Due to the technology-oriented nature of the oil and gas industry and the high costs of its research and...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 30  issue 103

pages  197- 264

publication date 2022-12

By following a journal you will be notified via email when a new issue of this journal is published.

Keywords

No Keywords

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023