我国中小企业融资的信用风险度量研究

发布时间：2018-05-25 16:19

本文选题：中小企业 + 融资模式　；参考：《华南理工大学》2013年硕士论文

【摘要】：经济全球化、市场信息化、文化多元化的现时代，不断兴起的中小企业正承担着经济增长、市场多元、创新推动、就业缓解等多方面的责任与功能。然而综观当前中小企业在经济发展中作用突显的同时，矛盾也越加明显，其中筹资融资难困难是最为显著的问题。中小企业融资难既有企业自身的原因，如中小企业资产规模相对偏小、未来发展不确定性大、信用风险较高，也有制度方面的原因，如没有建立完善的信用体系，导致信息不对称，资信等级较低；融资机构风险评估体系不完善，评估体制不健全等，正是中小企业的内外部原因导致当前中小企业融资难的困境。在中小企业融资难的困境考察中，得出银企信息不对称是中小企业融资难的关键环节，而信用风险度量的建构则是解决银企信息不对称的关键，因此从此逻辑推演中小企业融资的信用风险度量研究正是缓解中小企业融资难的理论与现实需要。本文通过文献研究法和统计分析法对中小企业融资作现实考察，在对中小企业内涵要素、时代定位作现代界定的基础上，剖析其融资难的现状和产生此现状的因源，再从信用风险维度考察中小企业融资与信用风险维度的关系与影响。通过比较与评价传统与现代信用风险度量模型，以期寻求适合中小企业信用风险度量的应用模型，并对中小企业融资的信用风险度量进行分析。同时本文在数据采集与参数设定基础上，应用多元线性判别模型建构相关函数与数据，以找寻中小企业融资的信用风险影响因素与相关影响系数，，以期为中小企业融资的信用风险度量提出建议。
[Abstract]:In the present era of economic globalization, market informatization and cultural diversity, the rising small and medium-sized enterprises are shouldering the responsibilities and functions of economic growth, market pluralism, innovation promotion, employment relief and so on. However, while the role of SMEs in economic development is prominent, the contradiction is becoming more and more obvious, among which the difficulty of raising funds and financing is the most obvious problem. The financing difficulties of small and medium-sized enterprises are due to their own reasons, such as the relatively small scale of assets of small and medium-sized enterprises, the large uncertainty of future development, the high credit risk, and the institutional reasons, such as the failure to establish a perfect credit system. It leads to asymmetric information, low credit rating, imperfect risk assessment system of financing institutions, imperfect evaluation system, and so on. It is the internal and external reasons of SMEs that lead to the current difficulties in financing SMEs. In the study of financing difficulties of SMEs, it is concluded that the information asymmetry of banks and enterprises is the key link of financing difficulties for SMEs, and the construction of credit risk measurement is the key to solve the information asymmetry of banks and enterprises. Therefore, the research on credit risk measurement of SME financing is the theoretical and practical need to alleviate the difficulty of SME financing. This paper studies the financing of small and medium-sized enterprises through literature research and statistical analysis. On the basis of defining the connotation elements of SMEs and the orientation of the times, this paper analyzes the present situation of financing difficulties and the causes of the present situation. Then the relationship and influence between SME financing and credit risk are investigated from the credit risk dimension. By comparing and evaluating the traditional and modern credit risk measurement models, we hope to find a suitable application model for SMEs' credit risk measurement, and analyze the credit risk measurement of SMEs' financing. At the same time, on the basis of data acquisition and parameter setting, this paper constructs the correlation function and data by using multiple linear discriminant model, in order to find the credit risk influencing factors and correlation influence coefficient of SME financing. With a view to small and medium-sized enterprises financing credit risk measurement recommendations.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F276.3;F832.4

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