Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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Research on the Credit Risk of Hydrogen Energy Industry Based on KMV Model

Authors
Qi An1, *
1School of Economics, Hefei University of Technology, Hefei, 340100, China
*Corresponding author. Email: shimeiyi@ldy.edu.rs
Corresponding Author
Qi An
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_87How to use a DOI?
Keywords
KMV model; Hydrogen energy; Credit risk
Abstract

With the continuous development of the hydrogen energy industry, it has become an important direction of the current global energy development. Simultaneously, the corporate credit risk within the burgeoning hydrogen energy sector has garnered significant attention from academic researchers. This paper selects the financial statements and other related information of 10 hydrogen enterprises from 2019 to 2022 and uses the KMV model to analyze the credit risk status of hydrogen industry. The results show that the equity value volatility of hydrogen enterprises is positively correlated with credit risk. Meanwhile, the credit risk of Chinese hydrogen industry shows an upward trend from 2019 to 2022, which deserves the attention of relevant investors and managers. In the future, relevant enterprises must strengthen risk management and bring credit risk control into routine business operations. This research establishes a factual foundation conducive to the robust growth of the hydrogen power sector, carrying notable real-world implications.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_87How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qi An
PY  - 2025
DA  - 2025/02/24
TI  - Research on the Credit Risk of Hydrogen Energy Industry Based on KMV Model
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 810
EP  - 816
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_87
DO  - 10.2991/978-94-6463-652-9_87
ID  - An2025
ER  -