摘要
稳妥发展金融科技,加速实现商业银行数字化转型,已成为现阶段及未来一段时间金融供给侧结构性改革的核心内容。基于金融科技的“赋能”效应和“挤出”效应,考察了宏观审慎监管下金融科技对银行风险承担的影响机制。研究发现:商业银行发展金融科技整体上能降低银行风险承担,但贷款结构调整、银行竞争程度分别在金融科技影响银行风险承担的过程中发挥着竞争性的间接作用,此外,宏观审慎监管对金融科技“赋能”效应有正向调节作用,而对金融科技“挤出”效应有反向调节作用。研究从银行成立金融科技子公司的视角出发,为商业银行发展金融科技和监管部门制定宏观审慎监管政策提供了理论探讨和经验证据。
The steady development of Fintech and the accelerated digital transformation of commercial banks have become the core elements of the supply-side structural reform of the financial industry at this stage and in the period ahead.Based on the“enabling”and“crowding out”effects of Fintech,this paper examines the impact mechanism of Fintech on banks’risk-taking under macro-prudential supervision.The study finds that commercial banks’development of Fintech reduces bank risk-taking overall,but loan restructuring and the degree of bank competition play competing indirect roles in the process of Fintech influencing bank risk-taking,respectively.In addition,macro-prudential supervision measures have a positive moderating effect on the“enabling”effect of Fintech,and a negative moderating effect on the“crowding out”effect of Fintech.Based on the perspective of banks’establishment of Fintech subsidiaries,this study provides theoretical discussion and empirical evidence for commercial banks’development of Fintech and regulators’formulation of macro-prudential supervision policies.
作者
朱诗怡
晏景瑞
Zhu Shiyi;Yan Jingrui(PBC School of Finance,Tsinghua University,Beijing 100084,China;School of Innovation and Entrepreneurship,Guangzhou University,Guangzhou 510006,China)
出处
《当代经济管理》
CSSCI
北大核心
2024年第5期84-96,共13页
Contemporary Economic Management
基金
教育部人文社会科学青年项目“金融业应用替代数据的信贷效用、潜在风险及其审慎监管研究”(23YJC790212)
国家社会科学基金项目“数字金融缓解专精特新企业融资约束问题研究”(22BGL069)。
