Research On The Impact Of Digital Inclusive Finance On Rural Commercial Banks’ Risk-taking

As a digital means to break the development bottleneck of traditional inclusive finance,digital inclusive finance can solve the problem that business sustainability and social performance cannot be balanced in the past service model.At present,digital financial inclusion entities,such as emerging Internet financial enterprises and fintech companies,greatly meet the financial needs of the long-tail group with their low threshold and low-cost financial services.At the same time,commercial banks have accelerated the development of digital inclusive finance and gradually realized the business subsidence.Under the cross-business competition pattern of digital inclusive finance,rural and commercial banks,as the main force of "supporting rural and supporting small businesses",have been slightly slow in their digital transformation,leading to the gradual squeezing of their deposit and loan market shares and serious customer loss.Coupled with increasingly severe price competition,rural and commercial banks’ interest margin income space is further narrowed.The level of risk taking is greatly affected.Then,from the rapid growth of digital inclusive finance to the normal development stage,will there be phased differential impact on the risk taking of rural commercial banks? Is the squeezing effect stronger or dividend output more?Can rural commercial banks promote digital transformation to improve their operational efficiency and reverse the increase in risk taking? In the period of strict regulation of the Internet finance industry,the risk management pressure of rural and commercial banks is gradually rising.Can external financial regulatory factors mitigate the head-on conflicts between the two and promote the healthy development of the industry? Therefore,the above issues are discussed in depth in this paper,in order to provide empirical evidence for rural commercial banks to promote digital transformation,improve the level of risk management and the efficiency of financial services.This paper combines relevant theories with the analysis of the development status of digital inclusive finance and rural commercial banks.Firstly,from the perspective of direct and indirect mechanisms of digital inclusive finance on the risk taking of rural commercial banks,the specific influence path is discussed,and the internal mechanism of direct influence is explained from the two aspects of squeezing and dividend effect.With the help of operational efficiency and financial supervision intensity,this paper measures the indirect conduction effect of the internal bearing capacity and the external bearing environment in the relationship between them.Based on the theoretical analysis,this paper empirically analyzes the non-equilibrium panel data of 76 rural commercial banks from 2014 to 2021,and combines the fixed-effect model to prove that digital inclusion finance has an inverted U-shaped influence on both the overall and passive risk taking of rural commercial banks,and the two sub-dimension indexes of coverage breadth and use depth also have structural effects.Secondly,the DEA-CCR method is used to measure the comprehensive efficiency of rural commercial banks as the proxy variable of operational efficiency,and the adjustment effect and panel threshold model are used to verify that the change of efficiency value affects the nonlinear relationship between digital inclusive finance and the overall and passive risk taking of rural commercial banks to some extent.In addition,under the regulatory effect of financial regulation,the inverted U-shaped curve of the influence of digital inclusive finance on the risk taking of rural commercial banks tends to be smooth,and with the improvement of regulatory intensity,the inflection point of transforming the squeezing effect into the dividend effect is realized as soon as possible,enabling rural commercial banks to quickly step into the road of digital transformation and development.Finally,through the group heterogeneity analysis of listed and unlisted rural commercial banks,it is found that the listing process itself is an empowering process,and the capital market can effectively supplement the capital,which is a better choice for rural commercial banks to improve their risk bearing ability.Based on the above regression results,this paper gives feasible policy suggestions from four aspects: government regulation,risk management of agricultural and commercial banks,development of platform enterprises,and improvement of consumer financial literacy.