Prabandhan: Indian Journal of Management

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A Study of Credit Rating Potential and Awareness Among SMEs in Baddi Region of Himachal Pradesh


Affiliations
1 Associate Professor, Technical Advisor to the Director and Head Department of Humanities and Management, Dr. B. R Ambedkar National Institute of Technology, Jalandhar - 144011, Punjab, India
2 Research Scholar, Department of Humanities and Management, Dr. B. R Ambedkar National Institute of Technology, Jalandhar - 144011, Punjab, India
3 Assistant Professor, School of Management, Lovely Professional University, Phagwara - 144402, Punjab, India
     

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Purpose: This research paper aims to find out the awareness level of credit-rating agencies among SMEs and to find out the factors which enhance the growth of credit rating products.

Design/Methodology/Approach: Data was collected through self administered survey of around 150 SMEs in Baddi, Una and Panchkula region, and exploratory factor analysis was conducted to analyze the data with the help of SPSS 16.0.

Findings: The findings reported that most of the SMEs lacked awareness about Credit rating products. The three factors which can enhance the effectiveness of credit rating companies are managerial effectiveness, credibility and creative marketing efforts.

Originality/Value: This paper provides an empirical evidence of SMEs awareness about credit rating products. This paper also suggests why SMEs are lacking opportunities of getting benefits of Credit rating products.


Keywords

Entrepreneurship, SMEs, Credit Rating

M00, M10

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  • A Study of Credit Rating Potential and Awareness Among SMEs in Baddi Region of Himachal Pradesh

Abstract Views: 227  |  PDF Views: 0

Authors

Sarbjit Singh Bedi
Associate Professor, Technical Advisor to the Director and Head Department of Humanities and Management, Dr. B. R Ambedkar National Institute of Technology, Jalandhar - 144011, Punjab, India
Amit Kumar Lal
Research Scholar, Department of Humanities and Management, Dr. B. R Ambedkar National Institute of Technology, Jalandhar - 144011, Punjab, India
Sukhwinder Kaur
Assistant Professor, School of Management, Lovely Professional University, Phagwara - 144402, Punjab, India

Abstract


Purpose: This research paper aims to find out the awareness level of credit-rating agencies among SMEs and to find out the factors which enhance the growth of credit rating products.

Design/Methodology/Approach: Data was collected through self administered survey of around 150 SMEs in Baddi, Una and Panchkula region, and exploratory factor analysis was conducted to analyze the data with the help of SPSS 16.0.

Findings: The findings reported that most of the SMEs lacked awareness about Credit rating products. The three factors which can enhance the effectiveness of credit rating companies are managerial effectiveness, credibility and creative marketing efforts.

Originality/Value: This paper provides an empirical evidence of SMEs awareness about credit rating products. This paper also suggests why SMEs are lacking opportunities of getting benefits of Credit rating products.


Keywords


Entrepreneurship, SMEs, Credit Rating

M00, M10




DOI: https://doi.org/10.17010/pijom%2F2013%2Fv6i3%2F59984