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Research on Financing Risk Assessment Methods for Technology-Based SMEs

Author(s)

Jiayi Liu

Affiliation(s)

School of International Studies, University of International Business and Economics, Beijing, China

Abstract

To address the problem that technology-based small and medium-sized enterprises (SMEs), constrained by financing difficulties, tend to focus only on the amount of capital raised while neglecting associated risks, this paper first transforms the traditional “ex-post remedy” model into a full-cycle “ex-ante warning–in-process control–ex-post optimization” management model and establishes a financing risk assessment framework for technology-based SMEs. It clarifies the essential steps required to integrate risk assessment into the financing process. Taking the growth stage as an example, fish-bone diagrams are employed to identify three core risk categories—financial risk, project risk, and structural risk—and to analyze their causes. On this basis, a risk-assessment indicator system is constructed and an AHP–entropy-weight-based evaluation method is proposed. The findings provide practical guidance for avoiding or mitigating financing risks and improving financing performance for technology-based SMEs.

Keywords

Technology-based SMEs; Financing Risk; Risk Assessment; Risk Response Strategy

References

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