The development of financial technology has promoted the digital transformation of commercial banks,and at the same time formes a new competitive landscape while innovating the financial industry,which has brought great challenges to the risk-taking of commercial banks.The panel data of 45 commercial banks in China was used to construct a model,and the systematic GMM estimation method was used to empirically test the impact of financial technology development on the risk-taking of commercial banks.It is found that the development of financial technology has increased the risk-taking level of commercial banks.The development of financial technology affects the risk-taking level of commercial banks by intensifying competition in the banking industry and promoting technological innovation.The impact of fintech development on the risk-taking of different types of commercial banks is heterogeneous,and due to the crowding out effect,compared with large state-owned banks and joint-stock banks,fintech has a more obvious impact on the risk-taking level of urban commercial banks and rural commercial banks.
关键词
金融科技/GMM模型/商业银行/风险承担
Key words
fintech/GMM model/commercial bank/assumption of risk
维普
万方数据