A Model of Credit Risk Assessment for Listed Company in China: An Empirical Study

Abstract

Credit risk is one of most important risks of financial market, which is concerned by all circles of society. This paper puts forward the credit risk evaluation system that suits the listed companies in China based on current studies of domestic and international researchers. According to the situation of the credit risk assessment and the credit risk management of listed company in China, we select 208 listed companies in 2003 as the sample studying. Then through the Fisher of differentiated analytic approach, we set up a new model which might be helpful for investors, managers, financial agencies and government to evaluate the credit risk of listed company in China.