The Credit Risk Evaluation Of Small And Medium-sized Enterprises Based On Industry Chain

The small and medium-sized enterprises(SMEs)are an important force in China's national economy.They play a significant role in the economic development.With the reform of China's economic system,the number of SMEs has increased dramatically and their business span a broad range of industries,which has effectively dispersed economic risks,improved the market competition mechanism,optimized the economic structure,promoted technological innovation,and promoted the improvement of social productivity.It has important strategic significance for the development of the national economy.However,based on the imperfection of China's financial market credit evaluation system,SMEs have the limitations of small scale and poor profitability.The financing issue has become an important factor that restricts the long-term stable development of SMEs.Industrial chain finance is an innovative financial service arrangement evolved from the continuous development of supply chain finance.It is one of the important measures to solve the financing difficulties of SMEs.The industrial chain finance is based on the core transactions between the core enterprises and the upstream and downstream SMEs,through commercial banks and other financial institutions to grasp the real transaction data,as well as effective guarantees from the core companies to reduce the information gap with SMEs.Industrial chain finance helps small and medium-sized enterprises solve financing problems that they face in the absence of sufficient collateral assets and external guarantees.With the deepening and popularization of industrial chain finance,the issue of credit risk assessment for SMEs under industrial chain finance is a key issue that cannot be avoided.Based on an deep analysis of the theory and characteristics of industrial chain finance,this article draws five key influencing factors for examining SMEs' credit risk under industrial chain finance,and builds a comprehensive SMEs' credit risk assessment index on this basis system.Subsequently,this article adopts the logic of “special-general-special” thinking model.Taking the automobile industry chain as an example,we have selected 23 small and medium-sized enterprises under the auto industry chain that meet the standards as sample companies and used factor analysis to find 7 key credit risk assessment indicators.Then I use Logit regression model to build a credit risk assessment model,calculate the expression of the company's performance probability,and calculate and verify the 23 companies' compliance probability,and the accuracy rate of the model is 87%.Corporate credit has a certain application value.In this paper,the W company under the SAIC Group is a case,using the credit risk assessment model to conduct credit evaluation,which proves that the credit evaluation level of SMEs under the industry chain finance has been improved.