Digital Village Construction and Risk-taking of Rural Financial Institutions:Impact Effects and Mechanisms
In the context of the rapid development of digital countryside construction,for the phenomenon that some rural financial institutions are not willing to provide financial support to digital rural construction due to risk concerns,it is important to explore whether digital countryside construction inhibits or exacerbates the risk-taking of rural financial institutions,which is significant for ensuring the stable and healthy development of rural finance.This paper adopts the 2018-2020 county digital village index released by the Institute of New Rural Development of Peking University and the matched panel data of 139 rural financial institutions to construct a fixed-effects model to study the impact and mechanism of digital village construction on the risk taking of rural financial institutions.It is found that there is a suppression effect of digital village construction on the risk-taking of rural financial institutions,which varies according to the asset size of financial institutions and the level of regional economic development;government intervention has a positive regulatory effect,and the"digital village construction→expansion of loan scale→restrain the risk-taking of rural financial institutions"is an important conduction channel.As a result,the construction and development of digital villages has had a positive impact on the risk management ability of rural financial institutions,bringing them more development opportunities and innovative impetus,which is helpful to promote the sustainable development of rural financial institutions and promote the prosperity and stability of rural economy.
digital village constructionrural financial institutionrisk-takinggovernment intervention
万方数据
维普
