Construction,Evaluation and Configuration Analysis of Credit Risk System of Listed Companies on the Science and Technology Innovation Board:Based on DBN-SEM-fsQCA Method
Construction,Evaluation and Configuration Analysis of Credit Risk System of Listed Companies on the Science and Technology Innovation Board:Based on DBN-SEM-fsQCA Method
The gradual promotion of registration system and the characteristics of high-tech industry have made the credit risk assessment of the listed companies on the Science and Technology Innovation Board increasingly complex.By means of the combined DBN-SEM-fsQCA methods,this study achieves the construction,evaluation and configuration analysis of the credit risk system of the listed companies on the Science and Technology Innovation Board.The research results indicate that the key financial indicators selected based on DBN can accurately reflect the credit risk situation of the listed companies on the Science and Technology Innovation Board.From the SEM perspective,profit ability is closely related to credit risk with a path coefficient of up to 0.325 between them;and debt paying ability,growth ability and operational ability are significantly correlated with credit risk.Based on the perspective of configuration,the credit risk modes of the listed companies on the Science and Technology Innovation Board are mainly divided into four types.Therefore,the listed companies on the Science and Technology Innovation Board can gain market share advantages by expanding their industrial scale,or obtain excess profits by increasing their investment in technology research and development,and achieve multi-level control of credit risk by combining their urban location conditions.
关键词
科创板上市公司/DBN/SEM/fsQCA/信用风险
Key words
listed company on the Science and Technology Innovation Board/DBN/SEM/FsQCA/credit risk
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