Climate Change,Fintech and Rural Financial Institution Risks
This article uses sample data from 980 rural financial institutions from 2010 to 2020,as well as temperature data from county-level geographical units,to explore the impact of climate change on the development of fintech in rural financial institutions and its impact on risk.The results show that:firstly,climate change significantly increased the risk of rural financial institutions;Secondly,the advancement of fintech can help mitigate the adverse effects of climate change on rural financial institutions,and its mechanism is that the development of fintech in rural financial institutions can enhance their risk management and profitability,thereby effectively addressing climate risks;Thirdly,heterogeneity analysis indicates that the larger the asset size,higher the capital adequacy ratio,and the more developed the local economy of rural financial institutions,the more they can alleviate financial risks caused by climate change through the development of fintech.Further analysis of the funding allocation of rural financial institutions shows that as local climate change intensifies,rural financial institutions invest less funds locally.However,the development of fintech can help promote rural financial institutions to return to their roots and increase financial support for the local area.Therefore,rural financial institutions should strengthen climate risk management,accelerate digital transformation,and expand response measures;Financial regulatory authorities should strengthen policy guidance and accelerate the improvement of climate risk management mechanisms.
NETL
NSTL
万方数据
