Research On The Credit Rating Systems And Application For Small And Medium Enterprises With High Technology

The science and technology is the first productivity. Transforming the first productivity into real productivity is complicated.As a.organization of product various products to meet the need of human, enterprises play an important role in the process of transforming the first productivity into real productivity. Small and medium enterprises which are the most active organization in our economy, especially the ones which have technology, play a unique role in promoting the growth of economy and the innovation of science and technology. With the disappearance of economy dividends which we got from the development of reform and opening up,we work hard to change the extensive economy into intensive economy, and the key is to maintain continuous innovation in our economy and enterprise. Small and medium enterprises with high technology which is an important part of innovative organization, is an extremely important force in economy transformation. Creating an appropriate system and environment to promote the growth and development of small and medium enterprises with high technology is the key whether this force will perform well. To the enterprise, credit rating is the basis of the growth and development. In enterprise credit rating, small and medium enterprises with high technology are different to the normal small and medium enterprises because of its importance and feature. It is an urgent problem that how to put the feature and status of small and medium enterprises into credit rating system, at the same time we must make sure that the rating index system can include the potential risks in enterprises and the model can show a correct credit rating result. We will try to do some tentative work.Firstly, we review the literature and research of credit rating at home and abroad to learn the development of credit rating and the methods and models. Then we can learn from the successful experience of mature markets. Secondly, based on the reality of the statistical classification of enterprises, the feature and economic nature of small and medium enterprises with high technology, we determine the scope of the study.Thirdly, based on the analysis of the problem in small and medium enterprises credit rating and the credit rating methods and models,this part make small and medium enterprises credit rating model through analyzing and integrating financial indicators and non-financial indicators which can include the potential risks in enterprises and its credit rating level. Finally, Guangdong Haida Group Co., Limited, is selected as the object of study. Based on the data from Guangdong Haida Group Co., Limited., and this part analyzes the credit level of this company by using the small and medium enterprises with high technology credit rating model on the basis of panel data analysis, and gets a reasonable conclusion.