| Issue |
E3S Web Conf.
Volume 275, 2021
2021 International Conference on Economic Innovation and Low-carbon Development (EILCD 2021)
|
|
|---|---|---|
| Article Number | 03071 | |
| Number of page(s) | 8 | |
| Section | Environmental Protection and Governance Innovation Technology Research | |
| DOI | https://doi.org/10.1051/e3sconf/202127503071 | |
| Published online | 21 June 2021 | |
COVID-19’s influence on the credit risks and enterprise innovation of the Guangxi manufacturing——Based on the measure of KMV model
1
Guangxi Financial Vocational College, Xi Xiangtang, Nanning, Guangxi, China
2
Guangxi Branch of China Development Bank, QingXiu, Nanning, Guangxi, China
*a Corresponding author: 1203799691@qq.com
b 2591867547@qq.com
The paper used the KMV model to manufacturing industry of Guangxi in China to concretely abstract the credit risk and enterprise innovation into a measurable quantitative index, and compare the changes in credit risk before and after COVID-19. This paper selects 17 Listed Companies in Guangxi manufacturing industry as empirical samples, and calculates the expected default rate of different companies by using the traditional and modified KMV models. The larger the index value is, the higher the credit risk is, And then affect the enterprise innovation activities. The results show that the overall credit risk management ability of Guangxi’s manufacturing industry is relatively high, but by the impact of COVID-19, credit risk has increased. If left unguarded, it will have an impact on enterprise innovation.
© The Authors, published by EDP Sciences, 2021
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