Translated Abstract
According to the traditional credit assessent of commercial bank, the instability of SMEs’ financial system and the scarcity of high-quality mortgage assets made SMEs difficult to meet the credit threshold of commercial banks. In recent years, with the development of the supply chain financial, the way to evaluate the risk of SMEs has been changed, but the study of supply chain financial credit risk of SMEs is still in the qualitative phase. So ,the study on the impact of the supply chain finance, on the one hand, provides a reference for the construction of commercial banks under evaluation index system of supply chain financial model, on the other hand, provides a scientific supply chain participants for the financial countermeasures.
This article begins with the credit risk assessment methods, then explore the impact of supply chain finance model for SME credit risk through four levels. Firstly, we elaborate the theory of traditional credit and supply chain finance and credit risk measurement models; Secondly, we analyze the relationship between supply chain finance and SME; In addition, we use Principal Component Analysis and Logistic binary regression to analyse the household appliance industry and the related,comparing the difference between the predicted values and real values for SMEs in both supply chain finance models and traditional banking credit models. Finally, we draw the conslusion that the assement under supply chain finance model is more accurate and give the advices standing on each side.
In the end, we made three conclusions. Firstly, the credit status of supply chain finance model of SMEs has been improved, the default rate is closer to the true observation; Secondly, supply chain finance model reduce credit threshold for SMEs by extending their own qualification to the core business as well as mortgage and pledged assets;Thirdly, long-term relationship between the core business will increase willingness of repayment of SMEs,enhance the quality of the underlying assets and reduce the default rate. Based on the conclusions, we proposes the corresponding suggestions from SMEs’, the Core Enterprise’s and Commercial banks’ side.
Corresponding authors email
