Entrepreneurs' opinion towards credit rating in Saudi Arabia
This study aims to measure the entrepreneur's opinions towards their credit rating in Saudi Arabia. Credit rating plays a pivotal role in the financial market, especially its more significant impact on new startups from the micro and macro levels. On the other hand, the credit rating industry,...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Entrepreneurship and Sustainability Center
2021-12-01
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| Series: | Entrepreneurship and Sustainability Issues |
| Online Access: | https://jssidoi.org/jesi/article/908 |
| _version_ | 1798037100675727360 |
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| author | Kamran Ahmed Siddiqui Ishtiaq Ahmed Bajwa Faisal Al-Hudithi Tarig Eltayeb Asma Khatoon Suliman Bawardi |
| author_facet | Kamran Ahmed Siddiqui Ishtiaq Ahmed Bajwa Faisal Al-Hudithi Tarig Eltayeb Asma Khatoon Suliman Bawardi |
| author_sort | Kamran Ahmed Siddiqui |
| collection | DOAJ |
| description | This study aims to measure the entrepreneur's opinions towards their credit rating in Saudi Arabia. Credit rating plays a pivotal role in the financial market, especially its more significant impact on new startups from the micro and macro levels. On the other hand, the credit rating industry, in general, is in its infancy stage in the Saudi financial market. Therefore, a minor objective of this study is to present the problems and prospects of entrepreneurs towards their credit rating. The study has adopted the questionnaire from earlier research on credit rating. A sample of 210 respondents participated in this survey comprising entrepreneurs, business incubation managers, bankers, university professors, engineers, doctors, and other professionals. Descriptive statistics and Exploratory Factor Analyses were used to analyze the data. Findings show there are five essential factors affecting credit rating in Saudi Arabia, i.e., (1) Credibility, (2) Clarity, (3) Competence, (4) Communications, and (5) Customer Services. The research provides valuable insights into the credit rating business and recommends that CRAs in Saudi Arabia and elsewhere improve upon these five factors to strengthen their business. |
| first_indexed | 2024-04-11T21:22:00Z |
| format | Article |
| id | doaj.art-2a5bdca608a24c4f9659b15a036f1413 |
| institution | Directory Open Access Journal |
| issn | 2345-0282 |
| language | English |
| last_indexed | 2024-04-11T21:22:00Z |
| publishDate | 2021-12-01 |
| publisher | Entrepreneurship and Sustainability Center |
| record_format | Article |
| series | Entrepreneurship and Sustainability Issues |
| spelling | doaj.art-2a5bdca608a24c4f9659b15a036f14132022-12-22T04:02:36ZengEntrepreneurship and Sustainability CenterEntrepreneurship and Sustainability Issues2345-02822021-12-019218619710.9770/jesi.2021.9.2(12)Entrepreneurs' opinion towards credit rating in Saudi ArabiaKamran Ahmed Siddiquihttps://orcid.org/0000-0002-5724-0991Ishtiaq Ahmed Bajwahttps://orcid.org/0000-0001-5296-0028Faisal Al-Hudithihttps://orcid.org/0000-0002-0342-420XTarig Eltayebhttps://orcid.org/0000-0002-7125-2171Asma Khatoonhttps://orcid.org/0000-0003-2704-7776Suliman Bawardihttps://orcid.org/0000-0002-3017-6715This study aims to measure the entrepreneur's opinions towards their credit rating in Saudi Arabia. Credit rating plays a pivotal role in the financial market, especially its more significant impact on new startups from the micro and macro levels. On the other hand, the credit rating industry, in general, is in its infancy stage in the Saudi financial market. Therefore, a minor objective of this study is to present the problems and prospects of entrepreneurs towards their credit rating. The study has adopted the questionnaire from earlier research on credit rating. A sample of 210 respondents participated in this survey comprising entrepreneurs, business incubation managers, bankers, university professors, engineers, doctors, and other professionals. Descriptive statistics and Exploratory Factor Analyses were used to analyze the data. Findings show there are five essential factors affecting credit rating in Saudi Arabia, i.e., (1) Credibility, (2) Clarity, (3) Competence, (4) Communications, and (5) Customer Services. The research provides valuable insights into the credit rating business and recommends that CRAs in Saudi Arabia and elsewhere improve upon these five factors to strengthen their business.https://jssidoi.org/jesi/article/908 |
| spellingShingle | Kamran Ahmed Siddiqui Ishtiaq Ahmed Bajwa Faisal Al-Hudithi Tarig Eltayeb Asma Khatoon Suliman Bawardi Entrepreneurs' opinion towards credit rating in Saudi Arabia Entrepreneurship and Sustainability Issues |
| title | Entrepreneurs' opinion towards credit rating in Saudi Arabia |
| title_full | Entrepreneurs' opinion towards credit rating in Saudi Arabia |
| title_fullStr | Entrepreneurs' opinion towards credit rating in Saudi Arabia |
| title_full_unstemmed | Entrepreneurs' opinion towards credit rating in Saudi Arabia |
| title_short | Entrepreneurs' opinion towards credit rating in Saudi Arabia |
| title_sort | entrepreneurs opinion towards credit rating in saudi arabia |
| url | https://jssidoi.org/jesi/article/908 |
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