The Measurement Of The Influencing Factors Of The Financing Credit Risk Of Small And Medium-sized Enterprises

SMEs are an important part of China’s national economy,but due to low fixed assets,financial opacity,and low credit levels,they have fallen into financing difficulties when financing,and the supply chain financial model solves the problem of financing difficulties for SMEs to a certain extent.However,the concomitant financing risks have also posed a threat to the property safety of the people and affected the order of China’s economic development to a certain extent.For this reason,academia and industry have conducted research on the issue of credit risk for SMEs in supply chain finance.This paper intends to use the first-hand survey data and use quantitative analysis as a tool to explore the influencing factors of SME credit risk in supply chain finance.The research is carried out as follows:The first part of the introduction,based on clear research background and research significance,through the literature review at home and abroad to extract the connotation of supply chain finance,the factors affecting the credit risk of SMEs under the supply chain financial model,and the method of measuring credit risk,with a view to the later stage Laid the foundation for theoretical and quantitative analysis.The second part is the theoretical analysis of the factors that affect the credit risk of SME financing.This section introduces the principal-agent theory and information mismatches and transaction costs into the research of SME credit risk measurement under supply chain finance,and builds a SME financing risk measurement system based on relevant theories.The first-level indicators provide a theoretical basis for the detailed second-level indicators and quantitative analysis below.The third part obtains data on the factors affecting the credit risk of SME financing.This part uses the principal-agent theory and domestic and foreign research literature to determine the secondary indicators of quantitative analysis,design a questionnaire,and conduct pre-investigation and trial analysis.The questionnaire was tested for reliability and validity,and the revised and tested questionnaires were surveyed online and offline.The fourth part measures the factors that affect the financing risk of SMEs.This part uses the structural equation model to quantify the internal risk factors and external risk factors of SMEs based on supply chain financial financing risks and the relationship between each factor.According to the actual situation,The model is revised and adjusted to more accurately explore the key factors affecting the credit risk of SME financing under the supply chain financial model.The fifth part of the conclusion and enlightenment,the empirical results show that: the five first-level indicators or latent variables all have a certain degree of impact on the occurrence of SME credit risk.The weight of the factors affecting the financing credit risk of SMEs are: the qualification status of the SMEs themselves(22.8%),the core enterprise qualification status(21.8%),the supply chain stability qualification status(18.9%),and the pledged asset qualification status(18.6 %)And external environmental qualification status(17.8%).Judging from the above influence weights,regardless of the financing method,the qualification status of the financing entity is one of the most important influencing factors.General Secretary Xi Jinping said that “snake hitting seven inches” and “leading cows must lead noses”,so should the prevention of supply chain financial credit risk.Based on this,this article proposes to strengthen the review of internal factors and improve external factors Monitoring measures and specific measures and measures to enhance the stability and coordination of cross-influencing factors.Taking the degree of influence of the influencing factors as the measurement standard,this "bull nose" and "seven inches" are the three main aspects of SMEs’ own qualifications,core enterprise’s own qualifications and supply chain stability qualifications.The status,strengthening the credit qualification of the core enterprise and improving the overall stability of the supply chain are the main review aspects of the reviewer,while the review of the pledged asset qualification and external environmental qualification should be based on specific issues and specific analysis,that is,based on the actual situation and a reasonable review focus,through the above Measures and recommendations reduce the occurrence of SME financing credit risk to a certain extent.