| As the one of the main risks which the commercial banks were faced, the credit riskhas a huge impact and lasting effects on banks’ survival and development. It determinesthe asset’s quality and the level of the profitability of banks. Therefore, the internationalbanking community and academia pay high attention to the enhancement of the level ofthe credit risk management of the commercial banks. Measuring and evaluating creditrisk effectively is the foundation and fairly important link of the credit management ofthe commercial banks. Analyzing the credit risk quantitatively is the basis for thecommercial banks to realize the status of the credit risk, price the asset and make creditdecisions. The thesis, on the technical level, established a Fisher discriminating modeland used this mathematic model to evaluate the credit risk of the public companies. Themodel is of significant applicability. In the thesis, the research mainly includes thefollowing three aspects:Firstly, the thesis summarized and sated the current research status of the credit riskevaluating methods at home and abroad systematically. In addition, the thesis analyzedthe current situation of the Chinese commercial banks’ credit risk management and itscauses in detail.Secondly, the thesis described three common credit risk evaluating models-theLogistic model, the KMV model and the Creditmetrics model.Lastly, the thesis established the Fisher discriminating analysis model and carriedon the empirical analysis. The result of the empirical analysis showed that the model isof certain practicability and validity. It can offer reference for Chinese commercialbanks to credit risk evaluating method. |
