Has the Development of Internet Loan in Banks Intensified Systemic Risks:A Discussion on the Utility of New Regulations on Internet Loan
Internet loan,as a core business in the digital transformation of commercial banks,is a critical area that cannot be overlooked in mitigating systemic risks.This study,using quarterly data from 23 listed Chinese commercial banks from 2017 to 2022,investigates the impact and mechanisms of internet lending on systemic risks.The findings reveal that the growth of internet loan services in commercial banks has exacerbated systemic risks.The investment industry concentration intensifies the negative spillover effect of internet loan on systemic risks,while diversified bank operations mitigate this impact.The implementation of new regulations for internet loan has effectively curbed their role in aggravating systemic risks.
internet loansystemic risksinvestment industry concentrationdifferentiated regulation