Fig 1.
Schematic diagram of supply chain financial services.
Table 1.
Macro-covariate description.
Table 2.
Description of the company’s micro-financial covariates.
Table 3.
Correlation matrix and variance inflation factor.
Table 4.
COX regression results.
Fig 2.
Comparison of credit risk synchronism in the electronic information technology industry.
Note:Red Line: Eastcom Peace;Blue line: Eastern Communications.
Fig 3.
Synchronization of credit risk in the internet software industry.
Note:Red Line: Tianxia Wisdom;Blue line: Haoyun Technology.
Fig 4.
Estimation of the core distribution of Eastcompeace’s credit risk.
Note: Red line: empirical distribution function; blue line: kernel distribution estimate.
Fig 5.
Estimation of the core distribution of Oriental Communication’s credit risk.
Note: Red line: empirical distribution function; blue line: kernel distribution estimate.
Table 5.
Normality test results.
Table 6.
Copula model parameter estimation results and square Euclidean distance.
Table 7.
Estimate of tail dependence coefficient under credit risk.
Fig 6.
Dynamic characteristics of credit risk transmission in the electronic information technology industry.
Note: Red line: Macro covariate model; Yellow line: Micro covariate model;Blue line: Macro and micro covariate model.
Fig 7.
Dynamic characteristics of credit risk transmission in the Internet software industry.
Note: Red line: Macro covariate model; Yellow line: Micro covariate model; Blue line: Macro and micro covariate model.
Table 8.
Parameter estimation results of credit risk contagion model.