Analysis of the Factors Affecting the Credit Risk of Chinas Listed Companies
This paper applied the factor analysis method to dynamically evaluate the credit risk of listed companies in China.Sixteen measurable indicators which can reflect the public credits of listed companies are selected and 4 main indicators are extracted by applying the factor analysis method.On the basis of it,16 sub-indicators are further given to explain the affecting level to the credit of listed companies.It is demonstrated that,the main factors affecting the credit risk of listed companies are: profitability,operating capacity,solvency and growth ability,which has the impact of 38.654%,26.078%,19.025%,and 16.242%separately to the credit risk of listed companies.The reasons of these four factors influences are further illustrated and some suggestions are given in the end.
listed companies credit risk factor analysis
Wei Dong Wang Yu-yan Zhang Zhi-xin
School of Management,Shandong Committee Party School of C.P.C.,Jinan,Shandong 250013 School of Management Science and Engineering,Shandong University of Finance and Economics,Jinan,Shan School of Business Administration,Shandong University of Finance and Economics,Jinan,Shandong,250014
国际会议
长沙
英文
1424-1427
2014-05-31（万方平台首次上网日期，不代表论文的发表时间）