The Research On Credit Index Evaluation System Of High-Tech SMES

High-tech SMEs are becoming increasingly active in the national economic and social construction stage, and playing a significant role in promoting the prosperity of the world economy. Especially, since the global financial crisis had happened in2008. Especially, after the global financial crisis in2008, many countries are committed to walk out the plight of stagnant economic growth or lower rate of the economic growth. Supporting High-tech SMEs with the characteristics of high-growth and high-return becomes an important means to stimulate economic growth in every country. However, due to their own high-risk characteristic, difficult financing becomes a major bottleneck of its development. Credit evaluation system can identify credit rating of many corporates. Establishing the scientific and normal credit index evaluation system not only enables the health and rapid development of the SME, but also broadens the financing channels.Based on the research on enterprise credit evaluation of many scholars, then the paper combs the concepts and features of SME, and selects the corporate credit indicators according to the principle of indicators. Then the paper screens and corrects the selected indicators by membership principle and principal component analysis. Objective and accurate and suitable for the level of the SME growth stage and mature stage credit indicators, specific indicators selected for analysis. It gets an objective and accurate credit indicators which are suitable for the level of the SME growth and mature stage, to analyze specific indicators. In order to get the index weight, it combines with expert assignment method and comparison principle to get the judgment matrix of each index level, and gets the level of each index by Analytic Hierarchy Process. Then, it translats the index weight into the index weights, and tests whether the matrix is reasonable or not by the principle of consistency test. If the matrix is not reasonable, the paper will adjust and amend it. Finally, we can get the credit index evaluation system of High-tech SMEs. After getting the credit index evaluation system of High-tech SMEs, the paper selects10High-tech SMEs in the GEM Listing to establish the credit rating of these enterprises by the of the index system. Then it selects the total fixed assets, total current assets, total cost and the number of workers of these enterprises as input indicators and selects sales revenue and total profit as their output indicators. By Using data envelopment analysis to determine the efficiency of their credit status, the higher credit enterprises can get higher credit rating. Therefore, the paper has built a scientific and rational credit index evaluation system of High-tech SMEs.