Design Of Credit Risk Assessment Plan For Strategic Emerging Industry Enterprises

Since 21 st Century,in order to promote the upgrading of industrial structure and catch up with the developed countries,China has formulated a development plan of strategic emerging industry,supported and fostered a number of key enterprises to lead the development of the national economy.Strategic emerging industry in China has been developing rapidly and playing a more and more important role in the national economy.Due to the characteristics of high technology,high input,high growth and high risk,the strategic emerging industry is facing financing difficulties.Because of the less domestic documents on the credit risk assessment of the strategic emerging industry,the research of credit risk about this industry is very important.In order to design a practical credit risk assessment plan for the strategic emerging industry,this article has a research on the domestic and foreign literature.Also,this paper has a research on the credit evaluation method of the rating companies.Enterprise credit risk assessment includes operational risk analysis and financial risk analysis.The qualitative analysis is adopted for operational risk analysis and quantitative analysis is applied to financial risk analysis.Because of the strong subjectivity of the qualitative analysis and the uncertainty of the evaluation standard,this paper briefly introduces the elements of operational risk analysis.In addition,the Logit model is used for quantitative analysis.Because the state-owned enterprises and private enterprises have great differences in business objectives,business environment and resources,the strategic emerging industrial enterprises are divided into state-owned enterprises and private enterprises.This paper designs credit risk assessment scheme for all samples,state-owned enterprise samples and private enterprise samples respectively.In the credit risk assessment of strategic emerging industrial enterprises,we firstly classify the enterprise according to the property of the enterprise and analyze its operational risk.Then we calculate the p value of the enterprise and initially decide that the enterprise is normal or dangerous.And then,we decide whether to adjust the preliminary result.Finally,the final result of the credit risk assessment is given.This paper assesses the credit risk of H company.The evaluation process shows that the scheme designed in this paper has strong practical operability and can be applied to the credit risk assessment of the strategic emerging industry.