Enterprise Credit Risk Assessment From The Perspective Of Supply Chain Finance

The Supply Chain funding platform can effectively reduce the "financing difficulties" of pre-and downstream SMEs by sharing the loans of core industrial chain companies with other upstream and downstream companies.Besides it has been widely recognised and promoted in practice recently.Governments at all levels have also issued documents to accompany and standardise the development of the Supply Chain financial platform as well as innovative financial services for corporate accounts.However,with the fast practice and development of supply chain financing,the potential risks are arising from the credit risk in the financing platform of the supply chain.Due to the lack of a reasonable assessment of the possibility of bankruptcy of financial corporations on the platform and the financial support of the entire business chain,commercial banks’ credit funds may have large risks and the possibility of losses.The improvement of the credit risk assessment system of the supply-chain financing platform is therefore one of the key factors,which can ensure the credit risk of companies in the supply chain is diffused and amplified.Then influences upstream and downstream companies throughout the supply chain.This paper first defines the mode of supply chain financing platform and its economic theoretical basis.Then discusses the main financing methods of the upstream and downstream enterprises in the supply chain,such as accounts receivable and inventory;Secondly,it systematically summarizes the methods and theories of supply chain financing,establishes a series of empirical analysis index system through credit risk assessment,and investigates the profitability,solvency and credit degree of relevant financial indicators.This paper selects listed auto parts companies as the research object,because the auto industry is a mature key industry in China.The production and processing of automobile industry is characterized by the obvious supply chain financing mode in the supply chain of subsidiaries.In the view of financial indicators,supply chain financing is common in China’s automobile industry,which has a certain practical basis.The predicted value of default probability of supply chain subsidiary is compared with the observed value to verify the prediction effect of the model.The results show that with the improvement of credit,viability,growth ability,market value and reputation,as well as the improvement of supply chain operation,the credit risk of financial enterprises will be reduced.With the improvement of enterprise profitability and quality,the credit risk of enterprises also increases.Based on the results,this paper puts forward some suggestions to guide the development of supply chain financial platform.