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Journal of Applied Sciences
Year: 2013  |  Volume: 13  |  Issue: 21  |  Page No.: 4833 - 4838

An Empirical Study on Factors Affecting the Credit Level of Small Micro-enterprises in China

Ming Zhong, Wen-Wei Guo, Guang-hui Song and Jun-hui Xu    

Abstract: This paper try to fully reveal the key factors affecting the credit level of small micro-enterprises form four features such as firm features, shareholder features, contract features and financial features by stepwise regression method. Innovation of this study is to construct credit evaluation model specially for small micro-enterprise which contained some important the financial indicators and non-financial indicators. The results show that the credit of small micro-enterprises has closely relationship with those four features. Those features of small micro-enterprises such as enterprises’ size (net asset and sales), profitability (return on asset, return on net assets) and solvency (net cash flow to current liabilities) have significantly positive affect on its credit level. However, some features such as shareholders holding ratio, the proportions of major shareholders and mortgage-backed approach have significantly negative affect on its credit level.

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