Study on Appraisement Model of Credit Risks of Chinese Listed Enterprises

摘要

In modern market economy, credit is a foundation of all economic relations, while Chinese enterprises are faced with the actualities that the basic management lags, unable to meet the needs of the buyer's market and credit economy at present. Based on the advanced theory of credit risks in foreign countries, this article introduced an appraisement model of listed enterprises in our nation by the combination of theoretic analysis and demonstration. This model filtrated the main appraisement compositions of Chinese enterprises' credit risks utilizing main-composition analysis. And according to the financial data of 300 listed enterprises which are selected as samples ranging 22 fields in 2002 of our country, this article made the discrimination analysis and validated the validity to the model by the technique of multiple statistical analyses, and concluded that this model is effective and feasible in the credit risks appraisement of Chinese enterprises. Through the preliminary of the appraisement model of credit risks in our country, this article offers a new train for credit management, hoping to be helpful to the administrators of enterprises.