Small And Medium-sized Enterprise Credit Default Risk Research In China

Between the Chinese economic structure and the financing structure difference most powerful proof is the small and medium-sized enterprise the contribution and the small and medium-sized enterprise which grows to the economy between the credit specified amount which gains from the financial organ does not match.The small and medium-sized enterprise took our country in recent years one of economical development main powers, was our country’s economical development has made the tremendous contribution, has provided the massive employment post for the society.And has not received under the higher education background in our country70%labor force, the small and medium-sized enterprise still was creates the employment post the important strength and the origin, this is a fact which cannot be disputed, but finances difficultly is actually small and medium-sized enterprise development universal "the bottleneck".According to the silver jail can survey, the bank to the big enterprise loan coverage fraction is100%, the medium enterprise is90%, small miniature enterprise only20%.At the same time, the small miniature enterprise financing cost is high, obtains the loan the interest rate also far to be higher than the bank datum interest rate individually.Thus in the present case, Our country Small and medium-sized enterprise grows to the economy the contribution and the small and medium-sized enterprise between the credit specified amount which gains from the financial organ do not match, puzzles the small and medium-sized enterprise continuously the development.In which creates the small and medium-sized enterprise to finance one of difficult important reasons is Our country Small and medium-sized enterprise credit violation rate is high.For small and medium-sized enterprises from the existing China is currently the research has been to small and medium-sized enterprise credit default behavior and its impact factor to look at the research, although there are a lot of scholars for small and medium-sized enterprise credit default risk has been studied, but most starving research is primarily empirical testing of theories to analyze existing empirical studies, and most of the breach is not defined in the enterprise, the choice of samples from most of the public debt data, listed companies, and data for commercial bank loans for small and medium-sized businesses lack the credit risk research, therefore, no matter whether it is data samples of the Universal is a little low.In view of the fact that the above reason, this article embarks from the risk basic definition, utilizes the bank risk theory, the credit ration theory, the credit risk and the violation risk theory as well as also funds ability with also enterprise credit violation theories and so on funds wish theory, the quota and the qualitative analysis unifies, in to the small and medium-sized enterprise credit violation behavior influence factor theoretical analysis and in the real diagnosis foundation, in view of affects Our countiy Small and medium-sized enterprise credit violation behavior the factor, the countermeasure which the commercial bank, the government as well as the enterprise own adopts.The full text altogether includes six chapters.The first chapter introduces the research background and summarize the domestic and foreign scholar’s research results, as after the study and empirical analysis provides theoretical foundation.The second chapter is the related theory review and empirical research methods, including bank risk management theory and the theory of credit default.The third chapter mainly aims at our country small and medium-sized enterprise credit business characteristics and development current situation and our country small and medium-sized enterprise credit default risk sources are discussed and analyzed.The fourth chapter analyzes our country small and medium-sized enterprise credit risk formation of internal factors and external factors.The fifth chapter is to our country small and medium-sized enterprise credit risk of default of empirical research, through the regression analysis of argumentation our country small and medium-sized enterprise credit risk to the capital market impact.The sixth chapter of the full text of the summary and the policy suggestions...