Research On Credit Risk Evaluation Of Small And Micro Enterprises

Small and micro enterprises in China's market economy have become an important component,but in the financial market,the financing needs of small and micro enterprises have not been met.With the continuous improvement of financial markets and support policy of small and micro enterprises,financial institutions began to focus on the development of financial services for small and micro enterprises.Credit risk is the main source of risk for financial institutions,financial institutions cannot measure and calculate the credit risk accurately,so small and micro businesses are hard to get financial service,leading to Small and micro businesses lost access to financing opportunities,financial institutions lost demand customer groups.Credit risk exists widely in the financial market,the key is how to accurately measure and evaluate credit risk.The credit risk of small and micro is different from large and medium enterprises,however,the research on enterprise credit risk evaluation mostly based on large and medium enterprises,and small and micro enterprises are not suitable.Small and micro businesses financing credit risk is not evaluated scientifically and accurately,so that the financial services will not develop.So how to measure the Small and micro businesses financing credit risk has become an important significance for small and micro enterprises and financial institutions.This paper firstly introduces the background,significance,research contents and methods,and then through the actual research,collects and collates documents to fully understand small and micro enterprises,recognize the hinder of small and micro enterprises financial services is the lack of financing credit risk evaluation.Based on the analysis of the domestic and foreign research results,put forward the improvement method of small and micro enterprises financing credit risk evaluation,and carries on the empirical research.Combining theory and practice,this paper studies the method of principal component analysis and neural network technology into Small and micro enterprises financing credit risk evaluation,designs and establishes the financing credit risk evaluation index system,verifies the correctness and practicability of this method by the practical sample simulation and prediction.