基于因子分析和聚类分析的中小制造企业信用评级研究

Manufacturing SMEs credit rating based on factor analysis and cluster analysis

以80家中小制造企业为研究对象,首先筛选出4项一级指标和12项二级指标,构建中小制造企业信用评级指标体系,然后运用因子分析构建企业信用评级模型,利用聚类分析确定企业信用评级标准。研究结果表明:中小制造企业信用的绝大部分信息可以通过"盈利能力因子"、"偿债能力因子"、"营运能力因子"以及"成长能力因子"4个公共因子反映出来,80家中小制造企业的信用等级可划分为7个等级,中小制造企业的信用等级普遍在BBB及BBB以下。

To 80 small and medium manufacturing enterprises as the research object, first screened four-level indicators and 12 secondary indicators, to build small and medium manufacturing enterprise credit rating index system, and then use factor analysis to build a credit rating model, the use of cluster analysis to determine credit ratings standards. The results show that： the vast majority of small and medium manufacturing enterprises credit information through the ＂profitability factor,＂ ＂solvency factor＂, ＂operational capacity factor＂ as well as ＂the ability to grow factor＂ four common factors reflected in 80 small and medium manufacturing corporate credit rating can be divided into seven grades, small and medium manufacturing enterprises in general credit rating BBB and BBB less.