摘要
金融科技的创新应用在为金融市场带来发展机遇的同时也因其技术特征带来了不可避免的风险,如何制定合理有效的金融监管强度增加金融科技的普惠效应是社会普遍关注的热点问题。本文通过采用2011—2017年中国283个城市的面板数据来探究金融监管是否促进了金融科技的普惠效应。研究表明,金融科技显著提升了金融服务的可得性、使用情况和可负担性,具有较强的普惠效应。在金融监管程度较高的地区,金融科技的普惠效应更强;但当金融监管程度过高时,金融科技的普惠效应有所减弱。并且,市场化水平和经济发展水平高的地区更有利于金融科技普惠效应的发挥。本文的研究对于构建金融科技监管制度体系具有重要的政策启示,为了更好地发挥金融科技的普惠效应,在实施柔性监管的过程中,既要防范金融创新所带来的系统性风险,形成统一全面的监管框架,更要给予金融创新一定的“试点容错”空间,鼓励多元化的金融业态,助力金融与科技的融合,更好地满足长尾群体的融资需求。
Fintech relies on emerging digital technologies,such as big data,to continuously innovate financial business models and processes,and has had a significant impact on the financial system.This paper explores the inclusive effect of fintech using panel data from 283 cities in China from 2011 to 2017.The study shows that fintech significantly improves the availability,usage and affordability of financial services with inclusive effect.It is further found that the inclusive effect of fintech is stronger in regions with a higher degree of financial regulation;however,when the degree of financial regulation is too high,the inclusive effect of fintech is weakened.Heterogeneity analysis shows that regions with high levels of marketization and economic development are more conducive to the inclusive effect of fintech.The findings of this paper have certain policy implications for the regulation of fintech,which is to implement flexible regulation,prevent and control the systemic risks brought by financial innovation,form a unified and comprehensive regulatory framework,and give some room to“pilot tolerance”to encourage diversified financial industries,facilitate the integration of finance and technology,and then bring the inclusive effect of fintech into full play.
作者
冯素玲
张榕
许德慧
FENG Suling;ZHANG Rong;XU Dehui
出处
《济南大学学报（社会科学版）》
CSSCI
2021年第6期85-98,175,共15页
Journal of University of Jinan:Social Science Edition
基金
国家社科基金重点项目“数字金融对区域绿色创新及其收敛性的影响研究”(项目编号:21AJY026)
山东高校青创科技支持计划“金融科技、监管科技的耦合机制与协同效应研究”(项目编号:2019RWE008)的阶段性成果。
