Research On The Contagion Path Of Credit Risk Among Family Enterprises

Credit risk exists in the course of business management time,and the enterprise credit risk has a common characteristic-infectious,that is,all kinds of related behavior between enterprises will lead to the spread of credit risk.Especially for the Department of family business,once a company within the Department of family of credit risk,within the Department of family will have caused more serious debt-solvency phenomenon.Therefore,the study of inter-family enterprise credit risk infection path,and thus the prevention and control of credit risk has become an important issue.This paper draws on the theory of epidemiological infection in modern medicine,and studies the route of credit risk transmission among family enterprises in the case of HNA system with obvious credit risk in recent years.The results show that the transmission path of credit risk among ethnic enterprises includes the spread of risk factors in risk-raising enterprises,the breakthrough of credit risk barriers of insured enterprises,and the three stages of credit risk of insured enterprises.Among them,using the transmission pathway of infectious diseases in modern medicine,the transmission ways of risk factors are divided into three transmission ways of direct contact transmission,indirect contact propagation and vertical propagation.Specifically,the related transactions between the affiliated enterprises for the direct contact between enterprises,will lead to the spread of risk factors,the spread of external information will cause public opinion panic,but also lead to the spread of risk factors among the clan enterprises,because of the equity control structure,credit risk will be transmitted through the parent subsidiary relationship,that is,vertical transmission.After the risk factors spread to the insured enterprises,they broke through the risks of the insured enterprises,which led to the credit risk generated by the insured enterprises.Through the research,this paper clarifies the transmission path of credit risk among the line enterprises,which is helpful for the family enterprises and their stakeholders to better understand the risk,manage the risk,standardize the group structure more effectively,perfect the group governance,risk governance and risk management system,and finally realize the reasonable and effective group risk control mechanism.