Research On Credit Risk Evaluation Of Small And Medium-sized Enterprises In Supply Chain Finance Based On Structural Equation Model

SMEs are an important part of China's market economy,but because of low fixed assets,low credit rating,opaque financial information and other reasons they are caught into financing difficulties.The banks lack a set of credit risk assessment system for SMEs and can not assess credit risk situations of the SMEs,which makes it difficult to solve the financing problems of SMEs.Supply Chain Finance(SCF)can accurately assess the credit risk of SMEs,reduce bank credit risk and effectively solve the SMEs' financing problems.Therefore,it is imperative to construct a set of credit risk evaluation system of SMEs under supply chain finance.Firstly,this paper systematically expounds the concept,mode and difference between the traditional financing model of supply chain finance,compares the advantages and disadvantages of the traditional credit evaluation method and the modern credit evaluation method,then summarize and concludes characteristic,the evaluation method and the evaluation model of the credit risk.Secondly,from the bank point of view,according to the characteristics of supply chain financial model,this paper analyzes the influence factors of SMEs' credit risk,and constructs the credit risk index system of SMEs under the supply chain finance,combining with the design principle of index system.Furthermore,the questionnaire is designed and the data are collected for statistical analysis,reliability analysis and validity analysis.At the same time,use the structural equation model to test and calculate the impact of credit risk of each index and indicator weights to determine credit risk evaluation system of SMEs under supply chain finance.Finally,taking Changzhou J Furniture Company as an example,this paper evaluates the credit risk of J Company by using the credit risk evaluation system of SMEs under supply chain finance.The conclusion verifies the feasibility of the credit risk evaluation system of SME under supply chain finance.