Research On Credit Rating Method Of Small And Medium Enterprises In China

Small and micro enterprisein our country’s national economic development and social stability plays a very important role. On the one hand, the small and micro enterprise accounts for the vast majority of market in our country, and has contributed a lot in terms of GDP and tax., On the other hand, small and micro enterprisesolve the problems of the employment and has made a great contribution to maintain social stability.However,development of small micro enterprisesare not so goodespecially after the financial crisis.Many small businesses have closed down. The reason is that small and micro enterprise has a smaller scale, shortage of funds, unreasonable personnel structure and management confusion,and these factors lead to small micro enterprise highercredit risk,and it is difficult to obtain financing from financial institutions. Therefore, financing difficult problem becomes small and micro enterprises’ common problems in the process.The reason of small and micro enterprise financing difficult problems is that because of information asymmetry,small and micro enterprise of the real credit level cannot be measured.And mainstream credit rating methods at home and abroad is mainly to evaluate the credit conditions of large and medium-sized enterprises, are not designed for small micro enterprise rating method. On this background, this paper aims to build a suitable credit rating index systemfor small micro enterprise in our country to adopt scientific and effective evaluation method to measure small and micro enterprise real credit conditions. The research content of this article is divided into six parts altogether.The first partintroduce the research background and significance of this article. The second part teases theories about small and micro enterprises credit rating methods to lay a theoretical foundation for the later research. The third partuses the analytic hierarchy process from two aspects: the qualitative analysis and quantitative calculation for China’s small and micro enterprise credit rating index system, and uses expert scoring method to determine the index weight; The fourth part uses the fuzzy comprehensive evaluation method to construct the credit rating model to improve the accuracy of the rating results using membership degree theory; The fifth part is the empirical study that select a representative small and micro enterprise as sample inspection method of credit rating; The sixth part, aiming at the problems in the process of credit ratingfrom its own credit rating agencies, credit rating process and the external environment to support three point of view, put forward to improve Chinese countermeasures of small and micro enterprise’s credit rating methodaccording to the above research.