基于风险识别和控制的企业信用分析框架及实证研究

Empirical research on influential factors about enterprise credit

国内理论研究和实务操作中企业信用分析框架基于"能力决定信用"的假设一直锁定在企业的履约能力方面。但尤努斯"穷人银行"、中国企业家调查系统的大样本调查和浙江商业信用担保实例却发现,"能力决定信用"的假设并不成立,企业负责人品格对企业信用有着至关重要的影响。鉴此,本文基于信用风险识别和控制视角对影响企业信用的因素进行了系统的理论分析,通过调查实证对企业信用影响因素的系统框架、影响机理、因子结构和影响程度做了初步的探索,并得出信用品质和信用能力是影响企业信用的两大基本因素以及企业家品格是企业信用最大影响因子的结论。

Based upon the assumption that ＂capacity decides credit＂, researches on evaluation elements about enterprises credit analysis framework always locked in the enterprise capability to keep a promise in China. But, the large sample investigation by inquisition system for Chinese enterprisers discovered that the character of enterprisers influences badly on the credit of enterprises. Credit sponsion institutions in Zhejiang province widely put the character of enterprisers forward as a chief element in estimating credit level for medium - sized enterprises. Therefore, the system framework, element structure, and influential degree of enterprise credit are explored from the angle of vision based on credit risk identification and control; and the conclusion is elicited that the credit character and the credit capacity are two basic factors influencing enterprise credit, the character of the enterpriser is the most influential element for enterprise credit.