中小企业集合债券信用风险度量研究  

Research on Credit Risk Measurement of Small and Medium Enterprises

作　　者：夏远江[1] 谭林[1] 

机构地区：[1]成都纺织高等专科学校经济管理学院

出　　处：《财会通讯（中）》2018年第6期111-116,共6页Communication of Finance and Accounting

摘　　要：KMV模型能有效度量上市企业发行债券的信用风险,而对于非上市中小企业集合债券的信用风险度量是否也同样具有适用性呢,本文将对该问题进行重点分析。本文选取样本企业并进行分组,通过专业软件计算样本企业相关财务数据,得到其违约概率,同时进行描述性、显著性、敏感性检验,最终证明KMV模型也适用于我国中小企业集合债券信用风险计量,并针对性地提出信用风险防范对策。The KMV model can effectively measure the credit risk of listed companies to issue bonds,then measure is also applicable to non listed SMEs collective bonds credit risk,this paper focuses on the empirical analysis on this issue.The sample enterprises and groups,calculate the relevant financial data of sample enterprises by professional software,the probability of default,and descriptive,significant,sensitivity test,proved that the KMV model is also applied to small and medium-sized enterprises of our country set bond credit risk measurement,and the Countermeasures for the credit risk management of the given.

关 键 词：KMV模型 信用风险 集合债券 

分 类 号：F224[经济管理—国民经济] F276.3F832.51