Research On Financing Credit Risk Rating System Of Small And Medium - Sized Enterprises

SMEs play an increasingly important role in economic life, especially for the development of the national economy has played a certain role, and optimize the economic structure. In addition, SMEs are also ease the partially employment pressure, which also provided a guarantee for social stability. It is because of the important role played by SMEs in economic life, so the development of SMEs is particularly important, and the most important problems facing by SMEs is financing. Because SMEs themselves are small, less capital, management behind, the financial system is not perfect, imperfect corporate governance structure, production and operation of chance, randomness greater, information transparency is not high, the lack of risk and credit awareness, banks’ability to identify SMEs risk is limited, coupled with the existence of the credit market in adverse selection and moral hazard, so bank lending to SMEs has been cautious, particularly the "credit crunch". Many commercial banks because of the credit risk of SMEs to give up the opportunity to profit from. However, not all SMEs are in high risk, commercial banks should not let their idle resources, and give up the opportunity to profit; on the other hand, in order to satisfy the growing scale and rapid development of creativity matches funding requirements, SMEs also need to finance through commercial banks. So, in order to build a platform for mutual benefit between the commercial banks and SMEs, and a set of commercial bank’s credit risk rating system needs to be established for SMEs which make commercial banks get better recognition of risks and win profit, it also makes SMEs get more financing opportunities, and achieve better development.This thesis through a method which combination of qualitative and quantitative to establish a credit risk rating system for SMEs, qualitative analysis mainly from three aspects, the macro factors, medium industry factors, micro enterprise factors, in the analysis of medium industry factors, also introduced five forces model, industry life cycle theory; in the analysis of the enterprise ability, investigate the introduction of the internal control capabilities. In quantitative research on the credit risk of SMEs, the principal component analysis and Logit model are used, and selected 39 indicators from the solvency, profitability, operational capability, development capacity and cash payment capacity of five aspects for analysis, especially the introduction of cash payment ability, and select 80 SMEs to carry out the empirical analysis and finally get the conclusion.