Research On Financing Credit Risk Of Small And Medium-sized Enterprises Under The Background Of Supply Chain Finance

In recent years,with the support of relevant national development policies,China’s small and medium-sized enterprises have achieved rapid development,not only promoting economic growth,but also providing a large number of employment opportunities for the whole society.Small and medium-sized enterprises play an important role in the development of China’s economic structure,but under the reform and development of the market economy,because of many objective factors,such as small and medium-sized enterprise’s ability of production and operation,imperfect management system of enterprise itself,high credit risk and so on,the small and medium-sized enterprise has been difficult in credit financing.The main reason is that small and medium-sized enterprises have obvious shortcomings and defects,and their status in social and economic development is somewhat biased.The problems of financing difficulty,high financing cost and insufficient financing amount have not been effectively alleviated,with the appearance of supply chain financing mode,there is a glimmer of hope for effectively solving the financing problems of Small and medium enterprises in the actual production and operation.In the face of the environmental impact of the new crown pneumonia epidemic,the state has vigorously implemented relevant policies to support the development of small and medium-sized enterprises,paying particular attention to the practical implementation of the financial work of the supply chain,in order to solve the problem of access to loans for small and medium-sized enterprises,however,the main factor that affects the enterprise loan is the enterprise credit risk rating.From the perspective of supply chain relationship,this paper takes the direct economic relationship between suppliers and dealers in the supply chain as the analysis dimension.By combing the relevant literature at home and abroad,this paper deeply analyzes the credit risk characteristics of small and medium-sized enterprises in the supply chain,so as to build a more comprehensive and applicable credit rating index system for small and medium-sized enterprises.Combining with "Enterprise performance evaluation index value 2018",using Logistic model and entropy method as the index evaluation model of Empirical Analysis,Using the supply chain finance research platform of CSMAR Database,this paper selects the data of 498 listed enterprises from 2016 to 2020 in the Gem of China as the sample to do the empirical research on Credit Rating.The results show that in supply chain finance,a good and stable supply chain relationship helps enterprises improve the efficiency of capital use;The higher the concentration of supply chain and customers,the higher the concentration of supply chain and customers,which can promote the production and operation and strategic development of the company,and alleviate the financing constraints of enterprises;The profitability and per share index of small and medium-sized enterprises will affect the credit risk evaluation of small and medium-sized enterprises.To sum up,the supply chain relationship has a substantial impact on small and medium-sized enterprises in supply chain finance to alleviate financing difficulties.At the same time,it helps commercial banks to manage supply chain financial business and evaluate enterprise credit risk,and widens the research perspective of supply chain finance.