Econometric Tests on SMEs Credit Rating System of China’s Commercial Banks
A rating system which can fully reveal the credit risks is particularly important to the protection of the financial institutions, and even to the safe operation of the entire financial system. The current rating systems of China’s commercial banks are mostly developed for large enterprises. A specific rating system for small and medium sized enterprises (SMEs) is still missing. With the SMEs credit data of a China’s commercial bank and through the use of the Ordered Multiple Discrete Choice Model, the article carries out empirical tests on the rationality of the existing rating systems, and points out the necessity of the customized use of the rating systems in different industries. The empirical results show that, it is necessary and urgent to accelerate the establishment of the credit rating system which adapts to the SMEs’ characteristics in China. Meanwhile, empirical analysis provides reference for commercial banks to improve and amend the SME credit rating systems.
SMEs credit rating Ordered Multiple Discrete Choice Model
LI Xuefeng WANG Yang
Post-doctoral Programme, Bank of Beijing, Beijing, China, 100033 School of Management, China University of Mining & Technology (Beijing), Beijing, China, 100083
国际会议
大连
英文
170-175
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）