摘要
近年来,金融科技的发展及风险防范问题引起了政府和学术界的广泛关注。本文试图从金融科技角度探究其对金融稳定的影响,以我国191家商业银行2013—2021年数据为样本,对金融科技与金融市场稳定关系进行实证分析。研究结果同时具有统计显著性和经济显著性,金融科技发展水平每增加10%,商业银行个体风险平均增加0.505%;金融科技发展水平每增加1个单位标准差,商业银行个体风险的平均提升幅度相当于样本标准差的18.08%。进一步研究表明,金融科技发展水平通过影响商业银行的客户存款比率、风险资产占比、存贷比及风险承担进而增加我国商业银行的风险水平。异质性分析表明,金融科技发展使商业银行利润结构性变化,且对商业银行个体风险影响在其银行规模相对较小、非利息收入比相对较低及竞争水平相对较低时更加显著。本文研究为如何更好地监管金融科技及防范系统性金融风险提供了借鉴。
In recent years,the development of fintech and the issue of risk prevention have attracted extensive attention from the government and academia.This paper tries to explore the impact of fintech on financial stability from the perspective of fintech and takes the data of 191 commercial banks in China from 2013 to 2021 as a sample to empirically analyze the relationship between fintech and the stability of the financial market.The results of the study are both statistically significant and economically significant;for every 10%increase in the level of fintech development,the individual risk of commercial banks increases by 0.505%on average;for every 1 unit of standard deviation increase in the level of fintech development,the average enhancement of the individual risk of commercial banks is equivalent to 18.08%of the standard deviation of the sample.Further research shows that the level of Fintech development increases the risks of commercial banks in China by aff ecting their customer deposit ratio,risk asset ratio,deposit/loan ratio and risk-taking.Heterogeneity analysis shows that the development of fintech has caused structural changes in the profits of commercial banks,and the impact on the individual risks of commercial banks is more significant when the bank size is relatively small;the ratio of non-interest income is relatively low;and the level of competition is relatively low.The research in this paper provides references for how to better regulate fintech and prevent systemic financial risks.
作者
郑丽雅
邬巧云
岑涛
ZHENG Liya;WU Qiaoyun;CEN Tao(Ningbo University of Finance&Economics Ningbo,Zhejiang 315000)
出处
《中国商论》
2023年第23期130-137,共8页
China Journal of Commerce
基金
宁波市哲学与社会科学重点研究基地“数字经济创新与枢纽自贸区联动研究基地”部分资助的成果。
关键词
金融科技
金融稳定
非利息收入比
系统性风险
fintech
financial stability
non-interest income ratio
systemic risks
