The Analysis Of Credit Risk Varidtion And The Influence Factors Of Manufacturing Enterprises In China

As for the Manufacturing Industry of China, Credit risk is the most important things of managers in the days work. Especially the influence which was received by the 2008 Economic Crisis, the subject of Credit risk has shifted property from banks to enterprises. The level of credit risk is not only related to the future of the enterprise credit loans, but also to the profitability of enterprise through a variety of effects, and finally to the fate of the enterprise. Manufacturing industry is the basis of our national economy, It’s also an important guarantee for the healthy development of our national economy. However, due to the impact of the international financial crisis of 2008, China’s manufacturing industry, ship industry, iron and steel trade industry were included in the high risk industry, And because of the slow growth of China’s economic, rising costs, weak exports and other reasons, the development of the manufacturing industry in the future is facing great challenges, made the Credit risk exposured and began to more serious. Of course, not all of the manufacturing enterprises has this problems, Some enterprises have maintained low credit risk,Some enterprises had a higher risk credit initially, but,by it’s every efforts, finally they get rid of the fate of be ST(remove the special treatment hat). However, there is also a part of enterprise has experienced in the higher credit risk, unable to get up after a fall, finally lead to exit the market. Therefore, have a research on credit risk and it’s effect factors, has a great significance. Firstly, this paper has collected research achievements of credit risk, summarized and organized the related data, and Summed up the research achievements of the scholars and the inspiration for this paper. Second, this paper made a brief description about the relevant theories of credit risk, and makes a preliminary analysis on the factors of credit risk from the debt paying ability, operating ability, profitability, development capacity point of view.Third,in order to reduce the dimensionality of the initial index, factor analysis was conducted on the initial index by using the SPSS software. Finally, get the influence factors of the credit risk. At last, By the empirical study,get the factors affecting dynamic variation of Credit risk. The research results show that, the liquidity ratio, sales profit ratio, asset liability ratio, asset growth rate is the main factor affecting the dynamic credit risk.