Table 2 Summary of studies on the credit-granting environment, the risks involved, and financial operations
From: Credit granting sorting model for financial organizations
Author | Study objective | Contribution |
|---|---|---|
Zopounidis and Doumpos (2002) | Demonstrated a wide range of multicriteria judgment-based methodologies and their applications in the real world | Applications of multicriteria methodologies in financial decisions |
Parrino et al. (2005) | Explored the effect of operational risk on financial decisions, creating a model for making corporate investment decisions | Created an investment decision-making model, considering the operational risk in financial decisions |
Doumpos and Zopounidis (2010) | Explored the role of banks and financial institutions in the economic and business environment, considering the high level of risk to which financial institutions are exposed | Study of the role of financial organizations considering the risk of the environment |
Garcia et al. (2013) | Explored credit risks and bad debt, a variable for classifying customers when decisions need to be made | Studied the classification of customers considering credit and default risks |
Zopounidis et al. (2015) | Multiple criteria decision aiding for finance | Developed a bibliographic survey on decision support for multiple criteria for finance |
Kashig et al. (2016) | Investigated the loan growth and risk-taking behavior of banks during expansionary periods of lending | Studied credit risk in periods of loan expansion |
Spronk et al. (2016) | Studies concerning Multicriteria Decision Aid/Analysis in Finance | Contributed to studies on the application of the multicriteria methodology in financial management |
Arthur (2017) | Investigated how two major financial innovations occurred and were governed, and it discusses the findings concerning those in the literature | Outlined the study of financial innovation |
Hamdi et al. (2017) | Test factors that determine the level of non-interest income for Tunisian banks; studied the impact of non-interest income on banks' profitability measured by return on assets (ROA) and return on equity (ROE) and investigated the relationship between non-interest income and the level of risk-taking | In their studies, they demonstrated a relationship between diversification, performance and risks |
Koksalmis and Kabak (2019) | Defining weights in group decision making | Contributes in exemplification to derive weights from decision-makers in group decision making |
Rehman et al. (2019) | Identified risk management strategies that are undertaken by the commercial banks of Balochistan, Pakistan, to mitigate or eliminate credit risk | Studied risk management strategy to eliminate the risk of granting credit |
Klapper and Lusardi (2019) | Examined basic financial concepts and decisions related to financial management | Exploration of decision-making and credit risks |
Marqués et al. (2020) | Ranking-based MCDM models in financial management applications | Applications of multicriteria models in financial management |
Pla-Santamaria et al. (2020) | Study on risk management and uncertainty environments | Developed a multicriteria approach to manage credit risk under strict uncertainty |
Shen et al. (2020) | Proposes a novel three-stage reject inference learning framework using unsupervised transfer learning and three-way decision theory that integrates | Method for credit risk management applications |
Kou et al. (2021) | Studied the bankruptcy prediction for SMEs using transactional data and two-stage multiobjective feature selection | Presents model that studied the risk and prediction of bankruptcy |
Wang et al. (2021) | Modeling Multi-class misclassification cost matrix for credit ratings in peer-to-peer lending | Modeling for credit rating |