| In response to the national inclusive financial policy and improve the financial services of long tail people,Digital Inclusive Finance has developed rapidly,which has a significant impact on traditional commercial banks,especially in the aspect of risk-taking.Therefore,it is of practical significance to study the impact of the development of digital Inclusive Finance on the risk-taking of commercial banks.Firstly,this paper analyzes the relationship between Digital Inclusive Finance and risk-taking of commercial banks and the relationship between them by combing the existing literature.Secondly,it summarizes the current research progress,and then puts forward the research views of this paper.Through empirical analysis,it tests whether the research views are effective.Finally,it puts forward relevant policy suggestions for the research conclusions.Based on the data of 146 banks in China from 2011 to 2020,this paper empirically tests the impact of the development of Digital Inclusive Finance on liquidity risk and credit risk.Through the regression analysis of the GMM the following conclusions are drawn:(1)The total index of digital Inclusive Finance and the coverage,depth of use and degree of digitization of the three sub dimensions all confirm that the development of digital inclusive finance can significantly reduce liquidity risk and credit risk,and inhibit bank risk-taking.(2)Bank competition has an asymmetric regulatory effect on the relationship between digital Inclusive Finance and bank risk-taking.Among them,bank competition has a positive regulatory effect on the development level of digital finance and bank liquidity risk-taking,and a negative regulatory effect on bank credit risk-taking.(3)Both price based monetary policy and quantitative monetary policy have inversely adjusted the relationship between the development level of digital Inclusive Finance and credit risk and liquidity risk.(4)Economic policy uncertainty has a negative regulatory effect on the impact of the development of digital Inclusive Finance on credit risk and liquidity risk.(5)The development of digital Inclusive Finance has heterogeneity in bank risk-taking.Compared with the central and western regions,the digital Inclusive Financial Development Bank in the eastern region can significantly reduce the risk-taking of commercial banks.At the same time,compared with urban commercial banks,the development of digital inclusive financial rural commercial banks can also significantly reduce the risk-taking level of rural commercial banks.(6)Using the instrumental variable Internet penetration rate of the development of digital Inclusive Finance to avoid possible endogenous problems,the result is still robust,which further shows that the coverage,depth and digitalization of the three sub dimensions of digital Inclusive Finance have an inhibitory effect on the risk-taking of regional banks.Based on the above conclusions,commercial banks can better understand the impact of digital finance,so as to accelerate the digital transformation,improve their risk management and control ability,so as to more calmly deal with the increasingly fierce horizontal competition environment and the current monetary policy environment under economic uncertainty,and also provide a certain reference basis for the policy decisions of the financial regulatory authorities to ensure the stability of the entire market. |
