Digital Finance,Dual Pillar Regulation and Enterprise Risk-Taking
Based on the background of dual pillar regulation,this article selects data from A-share listed companies from 2012 to 2021,as well as relevant digital finance and macro policy data,empirically studies the role of digital finance in corporate risk-taking.Research has found that the development of digital finance plays an important role in promoting the enhancement of enterprise risk-taking ability.During the period of loose monetary policy,the promoting effect of digital finance will be suppressed.During the period of tightening macroeconomic prudential supervision,the promoting role of digital finance will be enhanced.The conclusion of this article provides reference for studying the impact of macroeconomic regulation on digital finance.
digital financedual pillar regulationenterprise risk-taking