Credit Risk Measurement of Chinese Listed Corporations Based on the KMV Model

Credit risk management has become a fundamental and crucial work for commercial banks. This paper studies the credit risk measurement of listed corporations by using various types of credit risk models, and analyzes their applicability in China. This paper also makes an empirical analysis to the Chinese listed corporations´ credit risk on the basis of the KMV model. Finally, several proposals on how to enhance credit risk management ability of Chinese listed corporations are put forward.