Long, Jingjing; Jiang, Cuiqing; Dimitrov, Stanko; Wang, Zhao - In: Financial innovation : FIN 8 (2022), pp. 1-41
Owing to information asymmetry, evaluating the credit risk of small- and medium-sized enterprises (SMEs) is difficult …. While previous studies evaluating the credit risk of SMEs have mostly focused on intrinsic risk generated by SMEs, our study … considers both intrinsic and relational risks generated by neighbor firms' publicly available risk events. We propose a …