Construction Of Credit Risk Assessment Model For Automobile Supply Chain Finance

In recent years,automobile supply chain finance has developed rapidly and gradually become the key business of commercial banks.However,the quantitative identification and evaluation system of automobile supply chain financial risk is not perfect,which leads to commercial banks need to face a variety of financial risks,such as accounts receivable risk,goods risk in prepayment financing,market risk and credit risk of automobile sales.Therefore,it is necessary to strengthen the evaluation of automobile supply chain financial credit risk.In the past,most of the research focuses on how to resist the credit risk process,and establishes the credit risk evaluation model around the financial data,but there is little research on the relationship between the enterprise production management level and credit risk,let alone the establishment of an effective evaluation model.Therefore,it is of great practical significance to build a credit risk evaluation model(PCM model)based on the production management level of financing enterprises.Based on the brief introduction of the development process,financing mode,main risks and their influencing factors of automobile supply chain finance,this paper constructs PCM model based on the characteristics of credit risk evaluation model of financing enterprises’ financial data,focusing on the relationship between production management level and credit risk of financing enterprises,Logistic regression and correlation methods are used to make quantitative and qualitative analysis of PCM model,and the credit risk evaluation results of PCM model are obtained.The validity of PCM model is verified by using "enterprise performance standard in 2019" and KMV model.Then four conclusions are drawn;(1)PCM model has the characteristics of new evaluation index and little influence from external environment;(2)PCM model takes the production management level of financing enterprises as the evaluation index to measure credit risk.On the one hand,it can help enterprises find problems in the production process in time and improve the production management level of enterprises;On the other hand,it opens up a new evaluation direction,which is an effective supplement to the existing credit risk evaluation system;(3)The higher the level of production management,the lower the credit risk;The lower the level of production management is,the higher the credit risk is,and there is no significant correlation between the level of credit risk and the nature and scale of the enterprise.At the same time,it is suggested that the PCM model and the credit risk evaluation model based on financial data should be combined to evaluate the risk of financing enterprises more comprehensively and accurately;(4)If PCM model can be widely used in credit risk evaluation of automobile supply chain finance,it will help more small and medium-sized parts enterprises with high production management level to obtain financing support.The contribution of this paper is to explore and summarize a new evaluation method of automobile supply chain financial credit risk by constructing PCM model,which has certain innovation and practical value.