Competing Risk Model for Technology Credit Fund for Small and Medium-Sized Enterprises
研究韩国政府为技术型中小企业设立的技术信贷基金中，企业违约的原因，并用竞争风险模型区分因企业主和公司自身导致的违约，以帮助管理技术金融风险。
Despite the need to foster a technology-intensive industry, most Korean SMEs (small and medium-sized enterprises) are faced with the difficulty of raising funds. To resolve this problem, the government set up the technology credit fund to give loans to enterprises that achieve a certain technology evaluation score. However, many of the recipient SMEs fail to pay back the loans for various reasons. In this paper, we distinguish two causes of default due to owner and company, respectively, using the competing risk model. The proposed prediction models for competing defaults are expected to contribute to the healthy management of technology finance.