The Research On Credit Rating Of Science And Technology Enterprises In The Perspective Of Financial Innovation

Credit rating is the core bond market financing, the settings of credit rating index system directly affect corporate finance efficiency, scale and cost.Its idea can effectively solve the information asymmetry between investors and issuers, improve efficiency of financial services for technology companies,and achieve financial innovation and industrial restructuring balanced development, under the background of financial innovation, the development of science and technology, through the improvement of the credit rating may be fully released the synergistic effect of financial intermediation system of science and technology. But few from the perspective of financial innovation, science and technology financial intermediary system to study credit rating procedure and system of technological enterprise in China. Therefore, it is very benfical to develop the credit rating of technological enterprise from the perspective of financial innovation.The paper is based on the theoretical basis of financial innovation, financial intermediaries and the credit rating, and summarizes the characteristics of three major international rating agencies, commercial banks in China, our third-party credit rating agencies Indexes on corporate credit rating, comprehensively combing the main financing way and the current situation of the development of science and technology enterprises in China, and points out the financing demand and financing innovation development direction of the science and technology enterprise. The paper collects the latest stock index Zhongguancun pool 50 as samples, using factor analysis method to obtain scientific and technological enterprise financial indexes, using Aetna Technology Co., Ltd as a case constructed to verify the credit rating system for validation. The results showed that the credit rating index system of science and technology to build a more comprehensive assessment of the science and technology enterprise financial indicators and non-financial indicators. Therefore, this paper puts forward the proposal to promote industrial restructuring and the development of science and technology from the dimensions of the external environment, internal self-rating agency, technology enterprise itself and so on.This paper innovation mainly as, from the introduction to the theory of financial innovation, scientific and technological characteristics of enterprise credit rating, to more effectively promote industrial restructuring and the development of science and technology. The second is from the practice, first select one of China’s first listed technology park companies in Zhongguancun 50 index constituents sample preparation and improve the effectiveness of credit rating index system of technology companies.