Research On Credit Assessment Index System Of Small And Medium-Sized Enterprises In China

Small and medium-sized enterprises have special operating characteristics and comparative advantages in themselves, so the speciality should be embodied in their credit research and credit assessment. The credit assessment of small and medium-sized enterprises is the research object in this paper, and the establishment of credit assessment index system for small and medium-sized enterprises is also discussed in this paper. All above can provide a scientific theory foundation to resolve the problem of difficult financing.At first, this paper reviews on the outstanding research results and practical applications of credit assessment at home and abroad, states the theoretical basis of the development of credit assessment, introduces the definition of small and medium-sized enterprises in countries, and analyzes the operating characteristics and comparative advantages of small and medium-sized enterprises in China. On this basis, the deficiencies and limitations of credit assessment system of the existing businesses are pointed out.In view of the inadequacy and limitations of the existing credit assessment system of SME, particularly lacking of experience in fixing indexe and its weight in quantity,the paper determines the methodology for its research, i.e., the partial correlation analysis and linear regression analysis of mathematical statistics for financial index,and experts grading system and comparative advantage approach for non-financial index. The index system is composed of five aspects:basic quality, technology and innovation capability, product and market, growth and development and capital and finance;and having twenty-five indexes toally.Finally, we discuss the conclusions we have gotten, explaining some researching shortages and bringing forward some suggestions for further study.