科技型企业信用融资违约风险评价体系研究——以科创板企业为例

Research on the Evaluation System of Default Risk of Credit Financing for Technologybased Enterprises:The Example of Science and Technology Board Companies

本文构建了以偿债能力、研发能力等七个维度的科技型企业信用融资违约风险评价指标体系,并利用熵值法测算指标权重,结合权重的赋值和改进的功效指数,形成对信用融资违约风险等级划分标准。研究发现,该评价体系可以反映企业的信用融资违约风险,尤其是研发能力和偿债能力指标是评价科技型企业违约风险的关键指标。该研究结果对推广科技型企业以知识产权、研发能力及创新管理能力为基础进行信用融资,推动普惠性金融政策、解决融资难问题具有实际的应用价值。

This paper constructs a credit financing default risk evaluation index system for technology-based enterprises with seven dimensions,such as debt-servicing ability and R&D ability,and uses the entropy value method to measure the index weights,and combines the assignment of weights and the improved efficacy index to fom the classification criteria for credit financing default risk.It is found that the evaluation system can reflect the credit financing default risk of enterprises,especially the indicators of R&D capability and debt-paying capability are the key indicators for evaluating the default risk of technology-based enterprises.The results of this study have practical application value for promoting credit financing based on intellectual property rights,R&D capability and innovation management capability of technology-based enterprises,promoting inclusive financial policies and solving the financing difficulties.