zhang_asu_0010e_15780_基于产业的互联网.docVIP

A Case Study of Credit Risk Analysis and Modeling for SMEs In an Internet Finance Setting By Zhang Qi A Dissertation Presented in Partial Fulfillment Of the Requirements for the Degree Doctor of Business Administration Approved March 2016 by the Graduate Supervisory Committee: Ker-Wei Pei, Co-Chair Bin Gu, Co-Chair Haitao Cui ARIZONA STATE UNIVERSITY May 2016 基于产业的互联网金融小微企业风控模式案例研究 作者:张琪 全球金融工商管理博士 学位论文 研究生管理委员会 于 2016年 3月批准: 贝克伟,联席主席 顾彬,联席主席 崔海涛 亚利桑那州立大学 二零一六年五月 ABSTRACT In the last two years, China’s booming of Internet Finance Platform made significant impacts on three dimensions. Compared with the conventional market, Internet Finance is asserted to open a revolutionary pathway of lending where by small and mid-sized companies may overcome the financing dilemma on credit accessibility and high cost. In other words, Internet Finance is hyped to be able to reduce information asymmetry, enhance allocation efficiency of resources, and promote product and process innovations for the financial institutions. However, the core essence of Internet Finance rests on risk assessment and control – a fundamental element applies to all forms of financing. Most current practice of internet finance on risk assessment and control remains unchanged from the mindset of traditional banking practices for small and medium sized firms. Hence, the same problems persisted and may only become even worse under the internet finance platform if no innovations take place. In this thesis, the author proposed and tested a credit risk assessment model using data analytics techniques through an in-depth cases study with actual transaction data. Specifically, based on the 30,000 observations collected from actual transactional data from small and medium size firms of China’s home furnishing industry. The preliminary results are promising in spite of the limitations. The thesis concludes with the findings of relevance to improve the current practices and suggests areas of future research. i 摘要 近两年来