Credit Risk Evaluation Model on listed corporations in China based on Principal Components Analysis and Grey Theory

摘要：

This paper is to establish credit risk evaluation model adjusted to listed corporations in China, combining theoretical approach and Empirical Analysis research method. The model uses Principal Components Analysis to extract the main variable indicators for credit risk evaluation, and Grey Theory to establish the evaluation system Then financial data of listed corporations in Chinas household appliance industry in 2007 were used as samples to do empirical research, and conspicuous results were made. The model provides an appropriate approach to effectively evaluate credit risk of listed corporations for financial institutions and capital markets participants. Thus, it is also an essential measure to promote the healthy development of capital markets positive initiatives.

关键词： Principal Components Analysis Grey Theor Grey Relation Analyses Credit Risk Evaluation

作者: Jia LIU Donghua ZHU Tingting MA

作者单位: School of Management and Economics,Beijing Institute of Technology,Beijing 100081,China

会议类型: 国际会议

会议名称: 2008 International Conference on Risk and Relianility Management(2008风险与可靠性管理国际会议)

会议地点: 北京

会议语种:英文

页码: 65-68

在线出版日期: 2008-11-10（万方平台首次上网日期，不代表论文的发表时间）