An Empirical Study On Supply Chain Financial Credit Risk In China's Automobile Industry

The problem of "financing difficulty" has prevented sems from obtaining economic resources matching their economic contributions.With the emergence and development of supply chain finance in our country,the business not only brings a new profit growth point for commercial banks,but also alleviates the financing difficulties of small and medium-sized enterprises to some extent.Due to the supply chain finance starts late in our country,the development of supply chain finance in our country is not mature,domestic commercial banks to the practice of supply chain finance is still in the exploratory stage,has not yet established a perfect risk management and control system,how to carry out risk assessment and management and reduce the risk of using supply chain finance mode for financing to the minimun degree has become a difficult existing research on supply chain finance in China,it also has become the key point of further development of supply chain finance in China.In terms of the existing research on supply chain finance in China,the research direction is more focused on the constraint of supply chain finance,while the theoretical and practical research on credit risk of supply chain finance is relatively less,and a complete management system of credit risk evaluation of supply chain finance has not been formed.This paper will focus on the credit risk of supply chain finance.First of all,by combing and analyzing three main financing modes of supply chain finance,it points out the credit risk influencing factors of accounts receivable financing mode,financing warehouse node and confirming storehouse mode.On this basis,combining with the development status of China's supply chain finance business,a supply chain finance credit evaluation index system covering financing enterprises,credit status of core enterprises and quality of pledges is constructed.By using the method of principal component analysis and logistic regression model,the credit risk of automobile industry with supply chain finance business was evaluated.The empirical results find that the financing enterprise:s solvency and profitability of the sipply chain has the greatest effect in the financial credit risk,in addition,the core enterprise management ability and the guaranty conditios are also important influence factors of supply chain finance credit risk,through the model accuracy test,we can find that the model can messure the credit risk status of the enterprise more accurately and comprehensively.Finally,according to the research conclusion,the government should establish and improve laws and regulations related to supply chain finance business,accelerating the construction of social credit system,commercial banks should establish electronic information sharingplatform and improve enterprise's information database.small and medium-sized enterprises should strengthen links with the upstream and downstream enterprises to guarantee the stability of the supply chain,in addition,they should improve the information disclosure system and financial management level.