Default Risk Assessment of Tunisian SMEs: Multiple Criteria Decision Making Approaches
DOI:
https://doi.org/10.18533/job.v1i2.16Keywords:
default risk, Tunisian SMEs, Tunisian Solidarity Bank (BTS), ELECTRE III and ELECTRE TRI.Abstract
The default risk is a reality as well for the companies as for the economy of a country. This paper has highlighted the fact that in spite of the many incentives to promote Tunisian SMEs, creation of these companies remains below expectations. Thus, a study assessing the risk of failure is imperative. A multicriteria methodology of decision-making in a sample of 41 small and medium-sized enterprises used financing by the Tunisian Solidarity Bank (BTS) as one of the financial support structures relative to investment credits. The results showed that the application of a policy of caution (pessimistic procedure) in the granting of loans by the BTS is the main obstacle to the creation, development and sustainability of the Tunisian SMEs.
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