Research On The Evaluation And Control Of Credit Risk In The Automotive Industry Supply Chain Finance

Supply chain finance is an innovative financing model that mainly provides financial assistance to small and medium-sized enterprises,and has become a key financing business for major commercial banks in China.As one of the pillar industries in China,the automobile industry accounts for a high proportion of the gross domestic product.With the booming development of the automobile industry,financing problems have become increasingly prominent due to the presence of a large number of SMEs in the supply chain of the automobile industry.Major commercial banks have launched supply chain finance business for the automobile industry,providing a new channel to alleviate the plight of this industry.The credit guarantee provided by the auto manufacturer as the core enterprise can effectively lower the financing threshold for SMEs in the chain.At the same time,enterprises at various nodes of the supply chain are more closely related to each other,and if credit risk occurs,it will exert an adverse effect on the whole supply chain.Therefore,it is crucial to evaluate and manage credit risks scientifically to support the sound development of supply chain finance in the automotive industry.Taking the automobile industry as an instance,this paper identifies the credit risk of supply chain finance in the automobile industry by combing the current situation of research on supply chain,supply chain finance and supply chain finance risk in the automobile industry and introducing the development status and main modes of supply chain finance in the automobile industry in China.Based on the perspective of supply chain synergy development,the factors influencing the credit risk of supply chain finance in the automotive industry are analysed from four dimensions:financing enterprises,core enterprises,logistics enterprises and supply chain operation status.Combining literature research method and expert evaluation method,24 indicators such as quick ratio,assetliability ratio and return on net assets were selected to establish a credit risk evaluation index system for supply chain finance in the automotive industry.Using 55 automotive supply chain enterprises as samples,the Z-score method and the principal component analysis method were used to optimise and screen the data.Using matlab software,a credit risk evaluation model for the automotive industry supply chain finance was constructed based on the logistic model,and the validity of the model parameters was tested.By conducting empirical analysis,we propose a credit risk control strategy for the automotive industry supply chain to provide reference for enterprises to control supply chain financial credit risk and provide reference for SMEs in the chain to obtain financing,so as to promote the collaborative development of the automotive supply chain.