Research on the Impact of Digital Finance on Credit Risk of Commercial Banks—An Empirical Analysis Based on KMV Model
Using data from 33 listed commercial banks on the A-share market from 2011 to 2020,investigating the effect of digital finance on the credit hazard of Chinese commercial banks and its underlying mechanisms.And the KMV model is utilized to calculate the expected default rate of commercial banks.Findings of the research demonstrate that digital finance has a substantial impact on the credit risk of listed commercial banks,and is more pronounced among state-owned commercial banks,large asset-scale commercial banks,rural commercial banks,and joint-stock commercial banks.The development of digital finance can enhance the level of capital mobility in commercial banks,thereby lowering credit risk.This research adds to the body of knowledge on the growth of digital finance and credit risk for commercial banks and the decrease of credit risk in commercial banks.
Digital FinanceCredit RiskCapital LiquidityKMV Model
NETL
NSTL
万方数据
