The Research On Creditevaluation Of Smes Based On Supply Chain Finance

The financing difficulty and financing high the cost always trouble the development of the SMEs. The supply chain finance can deal well with the difficult issues of development as a new financing mode. Traditional credit evaluation can not evaluate the SMEs’ credit situation of the supply chain finance mode accurately. Combing with the character of the supply chain finance,we research on the SMEs’ credit evaluation methods based on supply chain finance. And propose the mode of SMEs’ credit rating based on supply chain finance, to be verified and to promote the development of supply chain finance business, and then solve the difficult issues of development of SMEs and lay foundation for the future study credit of SMEs of supply chain finance.This paper takers 12 years’ dates of 88 listed companies’ as the research sample,which belongs to the telecommunication equipment, special equipment, automobile industry, computer telecommunication equipment and other electronic equipment of the SMEs. It uses principle component analysis and logistic regression method to build mode. The regression indicates that the SMEs’ operating capacity, profitability, times interest earned, net profit growth rate, employee quality, leadership quality, the credit situation of the core enterprise and the operation condition of the supply chain are key factors of SMEs’ credit evaluation of the financing mode. To validate the regression model is constructed in this paper by using the data of 2013 after finishing,whole model prediction rate is 77.3%,the accuracy rate of good credit enterprise forecast of 81.1%,bad credit business prediction rate is 73.3%.After verification the model can not only be used for SMEs credit evaluation of chain supply finance market, the same applies to non-listed company to help banks and other financial institutions to more accurately evaluate the credit situation of SMEs under supply chain model.