关联交易对企业集团信用风险的影响研究

An Analysis on the Impact of the Connected Transaction on the Enterprise Group’s Credit Risk

企业集团成员企业之间的关联交易通常具有内部性和隐蔽性,关联交易虽然可以优化企业集团的资源配置、提高其竞争力,但同时也会增大其信用风险。因此,如何合理有效地评估企业集团的信用风险是当前商业银行面临的一大难题。本文从企业集团内部的关联交易次数、关联交易金额占总资产比例等典型关联交易指标出发,基于Logistic模型,研究关联交易对企业集团整体信用风险的影响效应。研究发现,关联交易对企业集团信用风险具有显著的影响。

The connected transaction between the member companies of enterprise groups typically have internality and imperceptibility. The connected transaction can optimize the allocation of resources and improve competitiveness, also can influence the operating and expend the risk. So how to assess the enterprise group＇s credit risk effectively has become a major problem for banks. This paper is based on Logistic model and typical indexes of connected transaction, such as the number of connected transaction and percentage of connected transaction assets to total assets, to research the impact of the connected transaction on the enterprise group＇s credit risk. Study shows that connected transaction improve the model＇s ability to assess.