The Empirical Research Of Credit Risk Evaluation On Foreign Trade Enterprise

With the financial crisis has become deeply, the global economy has been severely impacted. Credit evaluation is like a mirror, reflects many problems exposed by the financial crisis. The credit rating industry is known as a high degree financial-related industry, which has a profound impact on the financial, economic and social development. The results of credit rating provide some decision and recommendations to the investors and it has been an important medium to address the information asymmetry between the both side of investment and financing. Therefore, the results, as well as the quality of credit evaluation have getting global concern and questioned. In view of this, this article carries out theoretical and empirical research on the credit risk evaluation of foreign trade enterprise. This will have a good theoretical and practical significance.Paper is divided into six chapters. The first chapter is introduction which describes the main research significance and background, as well as research content and research methods. Chapter II is theoretical description including the concept and classification of credit rating, its characteristics and the role of credit rating; then the definition of credit risk, its characteristics and the objective and subjective factors that influence on credit risk. Chapter III first describes the successful experience of credit rating in foreign countries and the study situations, as well as the current research in credit rating and the control of credit risk in our country. Chapter IV first introduced the definition of foreign trade enterprise and the necessity and feasibility assessment of credit risk on foreign trade enterprises; Then, based on AHP method, this article build a credit risk evaluation system on foreign trade enterprise; finally, this article uses the theoretical analysis and correlation of data on foreign trade enterprises to build the empirical analysis of credit risk on foreign trade enterprises. Chapter V summarizes the main conclusions of this article. And then give some suggestions to the control of credit risk on foreign trade enterprises. At last, it’s the expectations of the development a Chinese characteristics credit evaluation system. Chapter VI will give a summary of the whole article and give a outlook on future research directions.The innovation of this paper has the following three aspects:Firstly, on the basis of domestic and foreign scholars, this study has a certain practical significance which breaks through to study on credit evaluation on foreign trade enterprise; Secondly, from the view of foreign trade enterprises, with the qualitative and quantitative methods, this article combined the characteristic of foreign trade enterprises, and the way to control the credit risk to explores the mechanism and the path of credit evaluation on foreign trade enterprise; Thirdly, use AHP methode to build credit evaluation analysis system, and then measure the degree of credit risk. Taking some relevant datas as a sample of foreign trade enterprises, this article gives a comprehensive evaluation of the credit risk on China’s foreign trade enterprises.However, due to a variety of reasons, there are still many deficiencies which need to be further explored and improved, such as the source of empirical analysis data on foreign trade enterprises is limited. And there is some subjectivity on qualitative analysis, and the accuracy of the data needs to be further strengthened. I will address these shortcomings to have a more in-depth discussion, in order to improve the research of this paper.