An Empirical Study On The Impact Of The Development Of Internet Finance On The Risk-taking Of Commercial Banks

With the increasing demand of internet technology and the public for financial services,internet finance presents a blowout development trend.Internet finance,by virtue of its advantages such as high efficiency,convenience,low cost and wide audience,has greatly squeezed the market originally belonging to commercial banks,which has greatly reduced their business and reduced their profit growth.And banks in the financial industry in our country a mainstay plays an irreplaceable role,research the Internet financial impact on our country commercial bank risk bearing is of great significance,is not only beneficial to banks to recognize reality,promote the improvement of service mode,to improve the operating performance,but also to further know the pros and cons of the Internet financial,take a series of measures such as strengthening the risk supervision,and maintain the stability of the financial system.At the theoretical level,this paper first discusses the influence mechanism of commercial banks' risk taking and the risk of Internet finance to commercial banks the mechanism of the influence was analyzed.At the empirical level,the panel regression model is used to study the non-linear relationship between Internet finance and bank risk taking.Before that,the main explanatory variables are tested,including whether there is a unit root or not.Then the panel regression model was constructed,and the empirical results were tested for stationarity,and the regression model was optimized by gmm method.During the study,the samples were divided into five commercial banks and other commercial banks to analyze whether there was heterogeneity among banks.The results show that :(1)There is a u-shaped relationship between internet finance and commercial bank risk-taking,that is,the internet the development of finance will reduce the risk of banks in the short run,but in the long run,it will increase the risk of commercial banks.(2)The impact of internet finance on the risk taking of commercial banks presents heterogeneity,among which the five majorstate-owned commercial banks are more affected,while the other joint-stock commercial banks are less affected.