征信活动、信息技术进步与信贷表现

Credit Acquisition,Advanced Information Technology and Credit Performance

随着互联网的普及与信息技术的发展,征信活动发挥缓解银企间信息不对称,进而纾解企业融资难的作用面临新境遇。本文基于全球119个国家2004-2017年的面板数据,采用FGLS方法,实证研究了征信活动和信息技术进步对银行信贷规模和信贷风险的影响。研究结果表明,征信活动促进银行信贷规模增长,且有助于降低信贷风险;相较于公共征信机构,私营征信机构促进信贷表现的作用更强。进一步地,信息技术进步有助于优化信贷表现,能够直接或通过促进私营征信机构对信贷表现的正向影响间接发挥作用。因此,在征信系统建设中,应充分发挥私营征信机构在互联网时代的优势,在防范金融风险前提下,纾解企业融资难题。

Along with the popularity of the Internet and the development of information technology,credit acquisition could be more efficient in alleviating information asymmetry between banks and enterprises,thus easing the financing constraints of enterprises.Based on the panel data of 119 countries from 2004 to 2017,this paper empirically studies the impact of credit acquisition and advanced information technology on bank credit scale and credit risk using FGLS method.The results show that credit acquisition promotes bank credit scale and reduces credit risk.Compared with public credit registries,private credit bureaus play a more significant role on bank credit performance.Further,advanced information technology helps to optimize credit performance,which can work directly or indirectly by enhancing the positive impact of private credit bureaus on bank credit performance.Thus,in the process of credit acquisition system construction,government should take full advantage of private credit bureaus in the Internet era,preventing financial risks and solving the financing problems of enterprises.