Research On The Credit Risk Of Financial Leases Of The Lessees Of Listed Companies In The Equipment Manufacturing Industry

As the core industry in the development of industrial modernization,the equipment manufacturing industry is an important cornerstone for the development of the national economy and related industries.With the continuous development of Chinese equipment manufacturing industry,in order to realize the dream of "Made in China" and make Chinese manufacturing industry one of the world’s high-end manufacturing industries,the national development strategy encourages equipment manufacturing companies to use financial market resources to complete corporate financing,thereby prompting corporate transformation And upgrade.However,in the course of practice,equipment manufacturing companies have gradually exposed their credit risks.With the continuous emergence of defaults,the issue of credit risk has become a concern among device manufacturing companies.Credit risk is seriously hindering the smooth development of financing work,and its consequence is to affect the healthy growth of Chinese equipment manufacturing industry and hinder the implementation of the "Made in China" dream.Therefore,with the equipment manufacturing industry as the research object,it is urgent to complete the credit risk assessment of the lessee.This article will combine qualitative and quantitative research methods,from the perspective of financial leasing tenants,guided by debt replacement theory and agency cost theory,and after a preliminary discussion on the equipment manufacturing industry,the Logit model is used to quantitatively analyze equipment manufacturing Analyze the financial indicators of listed companies in the industry and evaluate their value at risk,so as to clarify the ways in which the lessee’s financial indicators affect their credit risk,and put forward relevant recommendations to provide references for related industries.