The Study On The Credit Evaluation Of Small And Medium-sized Enterprise

The financial difficulty of small and medium-sized enterprise is the key to the development and enlargement of small and medium-sized enterprise. In the national economy of China, middle and small enterprises play very important roles of stabilizing the economic development, providing employment, exporting goods to earn foreign currency and providing social services at the same time. So the appropriate solving way to The financial difficulty of small and medium-sized enterprise enterprises count for much in the stable and sustainable growth of the national economy, and it has a great matter of very important theory and operation significance. But the theoretic realm and practice realm have tried many ways to this problem but these ways are not successful. The financial difficulty has a deep and heavy effect on the development and enlargement of middle and small enterprises.In this paper, the author analyzes from the view of the Information Economics, and draws a conclusion that the direct solving way to the problem of the difficulties in the financing of small and medium-sized enterprise is to solve information asymmetry between bank and the enterprises. Establish an appropriate credit evaluation model to analyze the trend of credit development of small and medium-sized enterprise. And the urgent problem for commercial bank to solve is to choose the most merchantable customer with developing foreground from the group of small and medium-sized enterprise in which the good and bad are intermingled. Therefore, by using the references of the 150 small and medium-sized enterprise collected by author and after considering fully of the basic feature of small and medium-sized enterprise, the author establishes a credit evaluation model for small and medium-sized enterprise using methods of Principal components, moreover, the author checkout the veracity of the model by use of the two years' extending section dataof the 150 enterprises. The result shows that this model has strong applicability and operationability.