首页|Revealing the Default Risks in MSMEs Financial Leasing:Identification and Underlying Mechanism

Revealing the Default Risks in MSMEs Financial Leasing:Identification and Underlying Mechanism

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We explored the default risk of small and medium-sized financial leasing businesses in China based on real transactions of a Chinese financial leasing company from 2018 to 2021. The results show that there Is a negative relationship between the financing scale and the default risk of lessee companies. The management cost of financial leasing business moderates the relationship between the business scale and the risk of overdue default. In addition, the improvement of industry competition is expected to select financially sound MSMEs for lessees. These enterprises have demonstrated higher risk resistance in obtaining large-scale financial leasing services. We provide novel insights into the risk management of Chinese financial leasing companies and offer policy recommendations for regulation and development.

Financed leasingMSMEsdefault risklogistic regression

Jun Ren、Shengxian Gao、Dongliang Pan

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Online Leasing Business Group, CRCC Finance Leasing Co. Ltd, Beijing, China

School of Finance, Capital University of Economics and Business, Beijing, China

2023

Emerging markets finance & trade

Emerging markets finance & trade

ISSN:
年,卷(期):2023.59(13/15)
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