Digital Transformation and the Improvement of the Dual Performance of Rural Financial Institutions
Digital transformation has become the key to the transformation and development of financial institutions.This paper uses the method of"web crawler technique and Baidu news retrieval"to construct the index of digital transformation of rural financial institutions and explores the impact of digital transformation on the dual performance of rural financial institutions based on data from a sample of 1527 rural financial institutions.The results find that digital transformation contributes to both the performance of supporting agriculture and business performance of rural financial institutions,and helps to improve their dual performance.The analysis of the mechanism shows that,on the one hand,digital transformation is able to enhance the credit risk management ability of rural financial institutions,reduce the cost of rural financial services,and thus improve the performance of supporting agriculture.On the other hand,digital transformation can improve the operational efficiency of rural financial institutions,reduce the level of risk taking,and thus improve the business performance.In addition,digital transformation helps to increase the investment in credit agriculture-related loans and operational agriculture-related loans.This study provides policy insights for accelerating the digital transformation of rural financial institutions and promoting the high-quality and sustainable development of rural finance.
Digital TransformationRural Financial InstitutionsDual PerformanceFinancial Support to AgricultureBusiness Sustainability
万方数据
维普
