Application of the MARS Method to the Evaluation of Grant Applications and Non-Returnable Instruments of Start-Up Business Financing

• Authors: Roszkowska Ewa , Konopka Paweł
• Languages of publication: EN

Abstracts

EN

This paper discusses the issue of evaluation of grant and loan proposals submitted by start-up businesses. A multi-criteria model for the evaluation of proposals for start-up business financing is proposed, based on the MARS method and taking into account three criteria: professional experience of the person planning to start a business, evaluation of the business plan, and evaluation of credit history of the applicant. Modelling of the expert’s preferences was based on verbal comparisons of decision variants from the reference set consisting of solutions close to the ideal solution. The usefulness of the model has been verified using data from loan applications submitted to the Business Friendly Fund, operating in one of cooperative banks in the Podlaskie voivodeship.

Keywords

EN

Business activity; Credit; Credit risk modelling; Loans; Multivariate Adaptive Regression Splines (MARS)

PL

Działalność gospodarcza; Kredyt; MARSplines (Multivariate Adaptive Regression Splines); Modelowanie ryzyka kredytowego; Pożyczki

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Multiple Criteria Decision Making
• Year: 2016
• Volume: 11
• Pages: 153-167

Contributors

author

Roszkowska Ewa

• University of Bialystok. Faculty of Economic and Management. Białystok. Poland

author

Konopka Paweł

• University of Bialystok. Faculty of Economic and Management. Białystok. Poland

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Identifiers

ISSN

2084-1531