信息缺乏条件下的信用风险度量问题研究

How to Measure Credit Risks without Necessary Information

信用风险度量技术离不开其应用的信息环境,本文从这个角度出发研究,指出信用风险度量技术所依赖的信息资源在国内存在严重缺失的情况,并提出了在这一现实情况下度量信用风险的一种较为现实的解决思路。要从根本上解决这些问题,必须从市场环境、制度环境、信用环境等不同角度入手,健全整个社会的模型应用环境,在这个前提下才可能通过长时间积累起有效的市场数据和财务数据、非财务数据,为信用风险度量方法的探索提供一个坚实的基础。

Credit risk measuring technology can!t do without the information environment where it is applied. Based on this idea, it ispointed out that information resource on which credit risk measuring technology depends rarely exists in our country and a practical alterna-tive is provided. To completely solve this problem, efforts should be made in market, system and credit environments so as to improve themodel application environment in the whole society. Only then is it possible to accumulate through a long period of time effective market, fi-nancial and non- financial data and lay a solid foundation for exploring credit risk measurement methods.