基于KMV模型的新能源汽车行业信用风险研究  

Research on Credit Risk of New Energy Automobile Industry Based on KMV Model

作　　者：刘千[1] 王倩影 LIU Qian;WANG Qianying(School of Finance,Harbin University of Commerce,Harbin 150028,China)

机构地区：[1]哈尔滨商业大学金融学院,黑龙江哈尔滨150028

出　　处：《商业观察》2024年第20期25-27,31,共4页BUSINESS OBSERVATION

摘　　要：随着环境问题越来越受到关注,新能源汽车产业逐渐成为全球关注的焦点。我国政府对新能源汽车产业的发展高度重视,对其优化产业结构、促进能源转型、改善环境质量方面具有重要意义。文章拟从信用风险的角度出发,选取我国具有代表性的20家新能源汽车上市公司以及近5年的财务数据和股票数据,运用KMV模型对新能源汽车上市企业的信用风险水平进行评估,计算其违约距离。根据实证结果分析新能源汽车行业的信用风险状况,并提出改善风险防控的建议。With more and more attention to environmental issues,the new energy automobile industry has gradually become the focus of global attention.The Chinese government attaches great importance to the development of the new energy automobile industry,which is of great significance to its optimization of industrial structure,energy transformation and environmental quality improvement.From the perspective of credit risk,this paper selects 20 representative listed companies of new energy vehicles in China and their financial and stock data in the past five years,uses KMV model to evaluate the credit risk level of listed companies of new energy vehicles,and calculates their default distance.According to the empirical results,this paper analyzes the credit risk situation of new energy automobile industry,and puts forward some suggestions to improve the risk prevention and control.

关 键 词：新能源汽车行业 信用风险 KMV模型 

分 类 号：F832[经济管理—金融学]