Research On Credit Risk Evaluation Of Small And Micro Enterprises Based On Analytic Hierarchy Process

In today’s society, China’s rapid economic development, the development of small and micro enterprises, plays a positive role in improving the employment rate, at the same time, small and micro enterprise’s diversified business, enriches the economic elements, but for small micro enterprise financial support, there are many factors of restricting. Since 2011, the nation has issued many policies to support small and micro enterprises in succession, to support the development of small and micro enterprises. However, in finance, because of small and micro enterprises’ credit costs are relatively high, at the same time there is a greater information asymmetry. Therefore, the commercial banks relatively lack of loan products of small and micro enterprise. At the same time, small and micro enterprises’ small scale, financial irregularities, incapability of providing sufficient object of pledge, also limits the commercial bank’s credit support to small and micro enterprises. Thus, it restricts the sustained and healthy development of the small and micro enterprise, and goes against the economy development strategy of public entrepreneurship and innovation advocated by the country.In view of the present situation of shortage of funds and financing difficulties faced by small and micro enterprise, combined with the existing research literature in the field of small and micro enterprise credit lending. first of all, this article designs a risk assessment method on small micro enterprise credit based on analytic hierarchy process. In combination with commercial Bank’s related influencing factors on small micro enterprise credit, selects critical influence indicators, sets up small and micro enterprise credit risk evaluation index system. Secondly, on that basis, do further studies on how the two key credit indicators including the lines of credit and credit loan time limit affect on small and micro enterprises’ credit risk. Again, through the analysis of typical cases and verification, gets the relevance between credit risk and credit loans and credit loan time limit, thus obtains the maximum loan amount and longest loan deadline in the case of risk control.This article’s main research content is divided into the following four aspects:The first part: carding literature and puts forward research question. On the basis of carding and summarizing the past relevant research literature, combining the current situation of the small and micro enterprise credit loans, determines the research topic and the research content of this article.The second part: use the analytic hierarchy process, select 26 key indicators, establish credit loan risk evaluation index system which is suitable for small and micro enterprise. On index selection and design, it is not only uses financial data index to evaluate credit loan risk, also through use the big data platform, gets external data such as industry and commerce, taxation, court and other small and micro enterprise information, designs risk assessment method suitable for small and micro enterprise credit loan. Improve some limitations on the evaluation method of traditional small micro enterprise.The third part: on the basis of risk assessment index system in upper part, discuss the lines of credit loan and credit loan time limit’s correlation with small micro enterprise credit risk. Firstly, on the basis of credit risk assessment, estimate the safety of the short-term credit loans; secondly, analyze the credit line’s correlation with small and micro enterprise credit risk; thirdly, analyze the credit loan time limit’s correlation with small micro enterprise credit risk. Finally, sums up the lines of credit and credit time limit’s impact on the small and micro enterprise credit risk.The fourth part: selects typical small and micro enterprise to verify and analyze the proposed method. First of all, calculate the risk assessment value of the case enterprise; secondly, calculates the safe loans; once again verify credit ceiling, loan time limit ’s impact intensity on risk assessment value. Actual case analysis shows that the index system more accurately evaluates the small and micro enterprise credit risk, and has good operability.