Research On The Impact And Evaluation Of Supply Chain Finance Credit Risk Based On Digital Development

Small and medium-sized enterprises(SMEs)have made significant contributions to China’s economic development,but they are facing difficulties in financing,expensive financing,and high risks,which hinder their steady development.The emergence of supply chain finance has effectively alleviated these problems.From the implementation of multiple positive policies at the national level to the implementation and development of multiple reform measures at the enterprise level,the service of supply chain finance business to the real economy of China has gradually become an important means of optimizing enterprise structure and preventing and resolving risks.Under the supply chain finance model,the uncontrollable risks of a single enterprise are transferred to chain type controllable risks.However,due to the fact that small,medium-sized,and micro enterprises are on the edge of the chain,their risk resistance ability is difficult to meet the development of the entire supply chain finance,which may generate credit risks.At the same time,the supply chain finance industry is facing structural transformation and transformation,gradually combining with digital means such as financial technology to control the occurrence probability of corporate credit risk to a certain extent,creating new growth points for economic development.Therefore,in order to better understand the credit risk of supply chain finance business in the digital development stage,it is very important to study the impact of digital development on supply chain finance credit risk and establish a scientific risk evaluation and management system from the perspective of digital development.This article first summarizes and explains the relevant meanings of supply chain finance and credit risk from the perspective of supply chain finance on the basis of combing relevant literature of scholars,and expounds the economic principles of credit risk,namely,information asymmetry theory and risk management theory.Secondly,based on a comparative analysis of the differences between traditional supply chain finance and digital supply chain finance,this paper comprehensively compares and analyzes the importance of digital supply chain finance in the economic market and its future development trends,and clarifies the risk identification capabilities of supply chain finance in the digital development.Finally,based on the new trends in the development of supply chain finance at present,and taking practical cases as a foothold,this paper further discusses the risks,integrates the models and advantages of supply chain finance of EA Group,analyzes and identifies the risk factors in the operation process of each model of supply chain finance of EA,and expounds the situation of EA in mitigating the credit risks of supply chain finance under the digital development.Based on the above relevant theories and research,in terms of empirical analysis,this article selects 53 supply finance listed companies,including EA,as the research object.Firstly,it establishes a digital development index,and uses Python’s Jieba data package to crawl the annual report keywords and comprehensive factor scoring method to determine the index.Secondly,analyze the impact of digital development capabilities on corporate credit risk.Under the control of relevant variables,use the Atman Z-value model to depict the level of corporate credit risk for regression analysis.Thirdly,further analyze the role of digital development capabilities in enterprise risk assessment,taking digital development indicators,supply chain development indicators,and financial indicators as risk factors,using principal component analysis to solve the collinearity problem,and analyzing the corporate credit risk assessment system based on logistic regression empirical analysis.Finally,based on the empirical analysis results,suggestions are proposed from two perspectives: strengthening risk identification and prevention and control capabilities,and developing enterprise digitalization.The main research conclusions of this article are as follows: Firstly,through regression analysis,it is verified that there is a correlation between the digital development index and the credit risk capabilities of enterprises.There is a positive correlation between the digital development capability and the Z value of the enterprise,indicating that the higher the digital level of the enterprise,the higher the Z value,and the lower the credit risk of the enterprise.Secondly,on the premise of determining the impact of digital development on corporate credit risk,referring to the empirical analysis methods of scholars’ research on risk assessment systems,principal component analysis and logistic regression analysis are used to design a risk assessment model,and factors such as comprehensive indicators,short term operating indicators,operating cash indicators,long-term debt repayment indicators,digital operating indicators are found to have an impact on corporate credit risk,Establish an enterprise risk assessment system based on significant impact factors and conduct relevant tests to strengthen credit risk management,create a good operating environment for enterprises,and promote the development of supply chain finance business.