Research On Credit Rating Index System Of Enterprises

The enterprise credit rating mainly includes paying capacity and paying willingness.Establishing objective and fair evaluation index system and forming the corresponding assessment method can promote enterprise transactions on credit liveliness,as well as flexible financing way.However,the deficiency of enterprise's credit in our country,the serious deterioration of credit market environment and enterprise's financing mainly relying on bank,cause the cost of market transaction to stay at a high level.Therefore,in today's global economic crisis, establishing the enterprise's credit rating index system according to the situation of our country and perfecting the relevant system,have become urgent problems that theory and government departments have to solve.Basing on reference for domestic and foreign enterprises and credit rating system and unifying national condition of our country,this paper conducts the research on enterprise credit rating system of our country from paying capacity and paying willingness.Firstly,this paper carries on cross-section analysis and single variable discriminant analysis and correlation analysis and principal component analysis to the financial data of large-scaled and small and medium-sized enterprises collected through widespread investigation,so as to explore the financial index system that affect the enterprise's paying capacity level and to establish the enterprise credit rating model.In addition,in order to analyze the industry factors that involve in enterprise credit,it chooses textile industry segments to conduct the research.Secondly,this paper expounds the correlativity between qualitative factors and financial factors that touch the enterprise credit level and proposes the rating method to studies the indicator system and the credit rating model that obtained from the research forward according to the financial data.Results show that the credit rating model can accurately predict and evaluation of enterprise credit level and has good feasibility and applicability.Finally,this paper carries on the dynamic gambling analysis from the economic and the behavioral science of enterprise's paying willingness in our country,so as to study that in what kind of situation enterprise will fulfill debt obligations or will be compelled to choose the violation behavior,and in what kind of situation the enterprise will choose honors an agreement or the violation behavior.The result of research indicates that the enterprise's paying willingness goes hand in hand with the incentive returns of institutional environment in which debtor subject and contractual relationship located. When the act of creditor action can be positive returns and motivation,the enterprise's paying willingness is strong;otherwise,is weaker.Therefore, the high efficiency's system environment is the institution foundation for the enterprise to honor an agreement.In addition,the capability of enterprise's paying willingness also depends on the evaluation and analysis of the act of a creditor.When the benefit of enterprise's debt repayment is higher than the cost,the enterprise's paying willingness is strong;otherwise,is weaker.Therefore,a sound of social credit system is the benefit foundation for the enterprise to honor an agreement. Enterprise's credit level,including the ability and degree that enterprise fulfills the agreement duty,is restricted by paying capacity and paying willingness.