摘要
金融科技化和科技金融化已成为经济发展的常态及特征,对金融与科技耦合的脆弱性研究是对系统性风险的“基因性”探究,具有重要价值和意义。基于经济高质量发展背景,构建金融与科技耦合网络模型对我国金融与科技耦合的脆弱性展开研究。实证表明:首先,金融业与科技业的行业耦合度随经济向高质量转型发展整体上呈上升趋势,高质量科技创新成为促进科技业自身发展及金融与科技良性耦合的关键。其次,中小型企业在提升耦合网络效率上发挥着重要作用,中小型企业之间紧密耦合现象是金融与科技耦合系统的一个重要结构特征。再次,金融与科技耦合的脆弱性在不断下降,极其重要性企业对耦合系统的风险影响力逐渐减弱。研究还发现,企业规模仍然是决定其脆弱性冲击力(脆弱性被激发所形成的冲击力)的关键,中国工商银行、中国建设银行等国有大型商业银行脆弱性冲击力最强,但其风险外溢性较弱。最后从破解中小型企业投融资难题、风险监管策略选择及降低耦合脆弱性三方面给出政策建议。
Driven by the information revolution,the coupled development paradigm of"integration but independence,mutual promo-tion but mutual restriction"between finance and technology has gradually become a consensus,and finance technicalization and tech-nology financialization have become the normality and characteristic of economic development.Although the coupling of finance and technology is deepening the integration of finance industry and technology industry,it also increases the concealment and complexity of systemic risk.Research on the vulnerability of the coupling of finance and technology is a"genetic"exploration of systemic risk,which is of great value and significance.Based on the background of high-quality economic development,the process of economic transfor-mation to high-quality development is divided into the turning period,the entering period and the development period,and the cou-pled network model of finance and technology is constructed by using complex network theory,which deeply reveals the basic topologi-cal properties and structural characteristics of the coupled network,and the vulnerability of the coupled system is also investigated in the three periods.Empirical research shows that:first of all,the industry coupling degree between finance industry and technology in-dustry is on the rise with the economic transformation to high-quality development.High-quality technology innovation has become the key to promote the development of technology industry and the benign coupling of finance and technology.Secondly,small and me-dium-sized enterprises play an important role in improving the efficiency of coupled network.The tight coupling between small and medium-sized enterprises is an important structural feature of the coupled system.Thirdly,the vulnerability of the coupling of finance and technology is declining,and the influence of extremely important enterprises on the risk of the coupling system is gradually weake-ning.In addition,it is also found that the size of an enterprise is still the key to
作者
王仁祥
黄家祥
WANG Ren-xiang;HUANG Jia-xiang(School of Economics,Wuhan University of Technology,Wuhan 430070,China)
出处
《科学学研究》
CSCD
北大核心
2024年第6期1200-1210,共11页
Studies in Science of Science
基金
国家社会科学基金资助项目(21BJY253)。
关键词
金融
科技
耦合脆弱性
复杂网络
经济高质量发展
脆弱性冲击力
finance
technology
coupling vulnerability
complex network
economic high-quality development
vulnerability impactforce
