Research On Credit Rating System Of High-tech Start-up Enterprise

With the continuous innovation of information technology and Internet technology,High-tech Start-up Enterprises have begun to flourish,effectively promoting the growth of China's national economy,however,the problem of high growth rate and low survival rate still existsin High-tech Start-up Enterprise,and the main reason for its low survival rate is the financing difficulty.In order to solve the financing problem of enterprises,the government takes Zhongguancun as the experimental area,trying to use credit financing method for High-tech Start-up Enterprise to provide policy support High-tech Start-up Enterprise to expand fianacing channels and ease financing pressure.Credit loan policy effectively implemented in the demonstration area,which needs credit rating as carrier and basis,but at present,there is not a set of credit rating index system for High-tech Start-up Enterprise,The matching degree of the existing index system selects the index and its emphasis with reflecting the credit index of High-tech Start-up Enterprise is not high.There is a great error between the credit rating grade and the actual credit,and there is still a problem of information asymmetry between the credit institution and the enterprise.In order to ensure that enterprises can enjoy preferential policies and solve the problem of financing,a set of scientific and reasonable credit rating system is particularly important.In order to solve the problem of establishing credit rating index system for High-tech Start-up Enterprise,this paper mainly studies the following aspects.Firstly,based on domestic and foreign scholars about the credit rating index system,credit rating method,credit rating classification research about High-tech Start-up Enterprise boming on the basis,definning the connotation of the High-tech Start-up Enterprise,and expounds the characteristics of the High-tech Start-up Enterprise,looking forward to provide basis for establishing the credit rating index system.Secondly,through the comparison between the third part credit rating agencies and the credit agencies about the enterprise credit rating index system and rating system,we analyze their advantages and disadvantages as the rating body,and it is determined that this paper constructs the credit rating index system from the perspective of China's third-party credit rating agencies.Thirdly,it is proposed that the credit rating process of High-tech Start-up Enterprise can be divide into two stages:prequalification of credit rating and credit rating.In the prequalification stage of credit rating,the index which can best reflect the credit level of High-tech Start-up Enterprise is chosen as the "hard index" and the "one veto system" is adopeted to avoid the enterprises with significant lack of credit from applying for credit rating.In the stage of credit rating,the final credit rating index system is established by questionnaire and interview,and the combined rating model of The Analytics Hierarchy Process and Fuzzy comprehensive rating methodis adopted.The weight of each index in the credit rating index system is determined by use AHP;and the final credit grade are determined by fuzzy comprehensive rating method.finally,this paper selects two High-tech Start-up Enterprises in TianJin Nation Independent Innovation demonstration Zone as cases,according to the above mentioned credit rating index system and credit evaluation methods,two enterprises were evaluated by credit rating,and the result of each enterprise's credit rating was analyzed,and then,it puts forward the corresponding suggestions to promote the credit rating of enterprises.