Research On Credit Default Risk Assessment Of China’s Automobile Parts Enterprises Based On Supply Chain Financing

Although China’s automobile industry has made considerable progress,it is still in a "big but not strong,situation.Whether the automobile industry can realize the transformation and development in the new era depends on whether our automobile parts enterprises can achieve high-quality development.In actual business activities,it is difficult to obtain credit from commercial banks because of the small scale of spare parts enterprises,the difficulty of voice in industry competition,and the irregular production management.There is a lack of financial support in industrial mergers and acquisitions,technological upgrading and expanding production capacity to enhance the competitiveness of independent spare parts enterprises.The problem of credit difficulty has become a bottleneck affecting the development of auto parts enterprises in China.Neck.With the rapid development of automobile supply chain financing mode in China,the strong credit of core automobile manufacturing enterprises in the supply chain can provide credit rationing for many parts enterprises in the supply chain,and increase the possibility that small and medium-sized parts enterprises in the supply chain can obtain credit from commercial banks.By referring to the previous scholars,selection of credit risk rating indicators under supply chain financing mode and combining the views of professionals in the industry,this paper constructs an index evaluation system suitable for the characteristics of automobile parts enterprises in China.According to the different innovations in the growth cycle of enterprises,the samples of parts enterprises are divided into traditional parts enterprises,new energy enterprises and smart nets.Five principal component factors are extracted by principal component analysis for traditional parts enterprises and new energy and intelligent network parts enterprises respectively.A credit risk assessment model is established by using two-classification Logistic regression model to evaluate the credit risk of automobile parts enterprises in China.To verify the accuracy of the model,T+1 year sample enterprises and representative enterprises outside the sample are selected.Empirical analysis,and according to the empirical conclusions of the model,this paper puts forward sole suggestions for commercial banks to carry out supply chain financing business in the future.This paper establishes the credit risk assessment model of spare parts enterprises under the mode of supply chain financing,which can not only provide some methodological ideas for future scholars to carry out the risk assessment of automobile supply chain financing,but also help commercial banks make reasonable decisions in the process of credit granting,and reduce the difficulty of obtaining credit for small and medium-sized spare parts enterprises under the mode of automobile supply chain financing.Theoretical significance and practical value.