Dissertation
Dissertation > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > The private sector

Credit Risk Assessment of Zhejiang Private Enterprises Basing on Life-Cycle Theory

Author ZhangChunLei
Tutor JiangJianHua
School Zhejiang University of Technology
Course Business management
Keywords Zhejiang Private Enterprises Corporate life cycle Credit assessment Index system
CLC F276.5
Type Master's thesis
Year 2012
Downloads 28
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Since the reform and opening up 30 years , the private economy plays a very important role to improve the efficiency of the national economy , expand employment rate , stimulating domestic demand , promote productivity and social progress , and promote the sound development of economic health . Zhejiang as the private economy developed provinces , but also for the country's economy to make a very large contribution . However, most of the private enterprises are often constrained by lack of funds and unable to carry out the necessary financing to expand production in order to obtain rapid development . Banks and other financial institutions are often shut out of the private enterprises , especially private enterprises in the early stages of development . How to establish an objective and fair criteria for credit assessment is essential . For businesses, generally go through four stages of the life cycle : the investment period , growth , maturity, a period of recession . From domestic and foreign enterprise credit evaluation theory , closely around the factors affecting the different stages of the system design a credit evaluation system for private enterprises at different stages of the life cycle . First, the combination of corporate credit factor theory , private enterprises in Zhejiang credit rating content and construct an indicator . Secondly , based on the characteristics of the different stages of the life cycle , design a different focus of the two indicators , various indicators of the relative importance of the coefficients and validate then using the analytic hierarchy process . Finally, using the percentage system scoring method , according to the different stages of the life cycle of private enterprises in Zhejiang on indicators of the actual score calculated credit score , to draw corporate credit rating based on the criteria for the classification of the credit rating , financial institutions, banks, guarantee institutions provide a basis for decision making . Finally , select several private enterprises in Zhejiang Province , for example , built on the subject of credit evaluation system to verify , so as to arrive this article point of view of scientific rationality , while the development of domestic enterprises credit assessment industry pertinent suggestions .

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