Credit Risk Analysis and Evaluation of Internet Supply Chain Finance Listed Companies -- Based on Structural Entropy Weight TOPSIS Method
Xudong Cai, Hongmei Zhang · Advances in economics, business and management research/Advances in Economics, Business and Management Research · 2021
The emergence of supply chain finance has effectively solved the problem of financing difficulty and high cost for small and medium-sized enterprises.The rapid development of the Internet has magnified this advantage.However, based on its diversified main body and complex business process, the risk of Internet supply chain is also increasing, resulting in economic instability and hindering economic development.Scientific and reasonable analysis of Internet supply chain financial credit risk is of great significance to promote the development of supply chain finance and expand financial services.In view of the limitation of single evaluation method and imperfect index system, this paper introduces Baidu search index and stock bar comprehensive score to construct the credit risk evaluation system of Internet supply chain finance from six aspects: operation ability, debt paying ability, profitability, development potential, mortgage factor and condition factor.It also selects 24 Internet supply chain finance related companies in 2019 The empirical results show that: profitability, operating capacity, solvency can provide strong explanatory power, and Structural Entropy TOPSIS method can analyze the credit risk of these enterprises to a certain extent.