Study On The Evaluation Of Credit Risks Of Small And Mid-sized Scientific And Technologic Enterprise Based On Factor Analysis

The small and mid-sized enterprise, as the main production of high-tech productsof enterprise group, is the main carrier of technological innovation in our country andan important driving force of economic growth, which plays an important role inpromoting the transformation and industrialization of scientific and technologicalachievements, in creating more employment opportunities by innovation and inbuilding an innovative country. The party central committee under the state councilattaches great importance to the development of small and mid-sized enterprise for along time. The local government also takes various measures to support science andtechnology development of small and medium-sized enterprise at all levels. The smalland mid-sized enterprise of various industries of national economy has made positivecontributions not only for promoting advanced suitable technology application,high-tech industrialization, and development of strategic emerging industries, but alsofor promoting the close link between technology and economy. Although the status ofsmall and mid-sized enterprises in our country is very important, the development ofsmall and mid-sized scientific and technologic enterprise has been bound by moneyproblems. The improper credit risk evaluation of small and mid-sized enterprise is oneof the important reasons of the status. However, domestic research on small andmid-sized enterprise credit risk evaluation is less.In this paper, the credit risk evaluation index system of the small and mid-sizedenterprises and information technology industries on the basis of theoretical analysisand research results at home and abroad, combining the characteristics of theinformation technology industry of small and mid-sized enterprise. The credit riskindex system of small and mid-sized enterprise including qualitative indexes andquantitative indexes. In this paper, the expert scoring method is used to quantify thequalitative indicators, and then fifty board listed small and mid-sized companies areselected as samples. The paper applies the factor analysis method to extract the publicfactor that can respond the credit risk evaluation of information technology industry.The public factor score and comprehensive score of credit conditions of the fifty companies will be found and then the evaluation conclusion will be made based onthe above analysis.This paper has a certain practical significance based on the credit risk evaluationindex system of a specific information and technology industry, hoping to providereference for credit risk evaluation of small and mid-sized enterprises in informationtechnology industry for banks, other financial institutions and credit rating agencies,and also hoping to improve the status of the financing difficulties of small andmid-sized enterprises and information technology industry.