Research on the risk assessment of Internet finance loans for small and microenterprises based on the logistic-BP combined model: empirical data from China

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ZhangJie. (2020). Research on the risk assessment of Internet finance loans for small and microenterprises based on the logistic-BP combined model: empirical data from China. Journal of Business Management and Economics, 8(10), 06–18. https://doi.org/10.15520/jbme.v8i10.3125
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Abstract

Small and microenterprises are an important part of the national economy. Because of their small disposable assets, low degree of regularization, incomplete and discontinuous information management and financial information, low stability of production, and lack of mortgage assets that banks are willing to accept, these enterprises represent a high-risk part of the financial service system. Therefore, the risk assessment of Internet financial loans for small and microenterprises has become an important issue and requires serious study. This paper constructs an index system for the risk assessment of Internet financial loans for small and microenterprises and proposes a logistic-BP combined model, which is applied to 1389 sample Internet financial loans of small and microenterprises. After deleting data observations with default values, the remaining 1326 sets of sample data include 1248 low-risk samples and 78 high-risk samples. The risk assessment and testing are carried out for enterprises in three stages: germination stage, growth stage and mature stage. Comparison of the results of the logistic-BP combined model and single BP neural network model shows that the combined model has high accuracy and provides a reference for the risk assessment of Internet financial loans for small and microenterprises.

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