Research On The Credit Evaluation Of Small And Micro Enterprises Based On The Relationship Lending

Small and micro enterprises are important factors to ensure the sustained and stable growth of the national economy.They play an irreplaceable role in expanding social employment and increasing residents' income.At present,bank loans are still the main way to finance small and micro enterprises.But it is difficult for them to get the loans and the loans which banks offer to small and micro enterprises usually have high interest rates.What's more,the loans they can get usually fail to meet their actual needs.An important cause of this phenomenon is the transaction-based lending mode which the banks used at present not entirely applicable to small and micro enterprises.Therefore,the transformation of bank loan mode has become an effective way to solve the financing problem of small and micro enterprises.The theory of relationship lending provides an important theoretical basis for this change.This thesis first analyzes and summarizes the existing research results at home and abroad,then briefly introducing the related theory of relationship lending and the theory of credit evaluation of small and micro enterprises.Through the analysis of the characteristics and financing status of small and micro enterprises,this thesis concludes the main reasons for the formation of financing difficulties in small and micro enterprises and analyzes the role of relationship lending in solving the financing difficulties of small and micro enterprises based on the relationship lending theory.Starting from the practical application of relationship lending,this thesis constructs a credit evaluation system for small and micro enterprises.A fuzzy comprehensive evaluation model,a BP neural network model and a K-ELM model are also established.Through the empirical tests,the performance of the above models had been compared,and the performance of the K-ELM model is proved to be best excellent.At present,domestic and foreign researches on financing difficulties of small and micro enterprises are mainly focused on the cause of formation.At the same time,the researches on relationship lending mainly focus on theoretical research.Therefore,it is of great practical significance to apply relationship lending to small and micro enterprises to solve the financing difficulties of small and micro enterprises.Meanwhile,there are few researches on credit evaluation of small and micro enterprises based on relationship lending at home and abroad.For this reason,the credit evaluation system of small and micro enterprises based on relationship lending theory and the credit evaluation model based on artificial neural network theory in this thesis has certain theoretical and practical value.