文章基本信息

标题：COVID-19’s influence on the credit risks and enterprise innovation of the Guangxi manufacturing——Based on the measure of KMV model
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作者：LiJun Shen ; Yu He
期刊名称：E3S Web of Conferences
印刷版ISSN：2267-1242
电子版ISSN：2267-1242
出版年度：2021
卷号：275
页码：1-8
DOI：10.1051/e3sconf/202127503071
语种：English
出版社：EDP Sciences
摘要：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.