Can Digital Transformation Reduce Bank Credit Risk:An Empirical Test Based on Staggered DID Model
Digital transformation has become a trend in the innovative development of commer-cial banks,but its impact on bank risk governance cannot be ignored.This article uses the"text mining method"to determine whether the bank has undergone digital transformation.This article takes the annual panel data of 74 banks from 2011 to 2020 as a sample and uses the staggered DID model to examine the impact and mechanism of digital transformation on bank credit risk.Research has found that digital transformation can significantly reduce bank credit risk.After considering the degree of digital transformation,this conclusion still holds.The results of the dynamic processing effect test indicate that the longer a bank undergoes digital transformation,the greater its inhibitory effect on credit risk,but this inhibitory effect has a certain lag.Moreover,digital transformation is decomposed into two secondary indicators:"digital strategy"and"digital technology"for testing.The results indicate that both"digital strategy"and"digital technology"can significantly suppress bank credit risk,and the inhibitory effect of"digital strategy"is stronger.Mechanism analysis shows that digital transformation of commercial banks can suppress credit risk by improving man-agement efficiency and reducing credit concentration.The research in this article has important ref-erence significance for banks to accelerate digital transformation and strengthen credit risk govern-ance.
digital transformationcredit riskfinancial technologystaggered DID model
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