Research on Factors Influencing Credit Risk of Construction Supply Chain Finance Based on ISM-MICMAC
The application model of supply chain finance is in line with the characteristics of the construction industry and can effectively solve problems such as financing constraints for construction enterprises.However,the credit risk issues that exist in the development of supply chain finance are often neglected.This study identifies 20 factors that affect the credit risk of construction supply chain finance based on existing research and expert interviews,confirms the logical relationship between these factors through explanatory structural models,and conducts validation analysis using the MICMAC method.The results show that the hierarchical structure model of credit risk influencing factors in construction supply chain finance included seven levels,which can be divided into surface,middle,and deep levels.Based on the driving force dependency values,the spontaneous factor group,dependent factor group,and independent factor group that affect the credit risk of construction supply chain finance were obtained.The relationship between the influencing factors was analyzed,and the research results have references value for the response to credit risk in supply chain finance.
construction supply chain financecredit riskISM-MICMAC