Competing risk model for technology credit fund for small and medium-sized enterprises

So Young Sohn, Hyejin Jeon

Research output: Contribution to journalArticlepeer-review

19 Citations (Scopus)


Despite the need to foster a technology-intensive industry, most Korean SMEs (small and medium-sized enterprises) are faced with the difficulty of raising funds. To resolve this problem, the government set up the technology credit fund to give loans to enterprises that achieve a certain technology evaluation score. However, many of the recipient SMEs fail to pay back the loans for various reasons. In this paper, we distinguish two causes of default due to owner and company, respectively, using the competing risk model. The proposed prediction models for competing defaults are expected to contribute to the healthy management of technology finance.

Original languageEnglish
Pages (from-to)378-394
Number of pages17
JournalJournal of Small Business Management
Issue number3
Publication statusPublished - 2010 Jul

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation


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