Author(s)

Zhou Mi

Corresponding Author

Zhou Mi

ABSTRACT

Commercial banks mainly take individual financing enterprises as the main body in evaluating credit risk of SMEs, and pay attention to financial indicators of financing enterprises. This kind of risk assessment neglects the enterprise as a part of the supply chain, and its credit risk largely depends on the key factor of the supply chain. Financing difficulties of small and medium-sized enterprises have been restricting the development of small and medium-sized enterprises. As a result, supply chain finance came into being. Under this model, financial institutions evaluate the credit status of SMEs, no longer considering SMEs themselves, but based on the theory of supply chain management, and analyze the influencing factors of SMEs' credit risk under the mode of supply chain finance, including financing enterprises, core enterprises, supply chain relations, pledge material quality and macro environment. Through the analysis of the influencing factors, this paper points out their influence on SMEs' credit risk. Combining the complexity and subjectivity of SMEs' financing risk factors, this paper establishes a credit risk evaluation system by using structural equation model.

KEYWORDS

Influencing factors, SME credit risk, Supply chain finance