Research On The Impact Of Financial Technology On The Credit Supply Performance Of Small And Micro Enterprises From Banks

The "difficult,troublesome,slow and expensive" problem of financing has become a shackle restricting the development of small and micro enterprises(SMEs)in China for a long time.Especially under the impact of the epidemic,compared with large and medium-sized enterprises,SMEs with strong business uncertainty showed a stronger demand for financing.However,at present,the credit service level of SMEs in the banking industry still has a large room for improvement in terms of resource allocation efficiency,effective product supply,demand identification and response.Therefore,in the face of external policy pressure and intensified market risk,banks urgently need to solve the problem of insufficient credit caused by the weakness of SMEs themselves,and seek to improve the quality and efficiency of credit services under the constraints of both economic and social objectives.As the unique advantages of Fintech in "reducing costs and risks" continue to highlight,technology-driven reduction of the structural deviation of credit resources will become a new way to promote financial services to the real economy.Based on the above research background,this study also focuses on the enabling role of Fintech on the bilateral subjects,and explores the mechanism of Fintech on the banks’ credit supply performance from the perspective of dynamic capability and credit capital,which enriches relevant theoretical research.Firstly,based on information asymmetry theory,credit rationing theory,credit theory,we use game models to explore the mechanism of the role of financial technology on both banks and enterprises,and then build a theoretical analysis framework,and incorporate bank trust as a situational variable into the model to analyze its regulatory role.At the same time,bank trust as a situational variable is included in the model to analyze its regulatory role.Secondly,a questionnaire survey was conducted with bank practitioners and financial personnel of SMEs in the representative regions of the east,middle and west of China as the subjects,and 561 valid questionnaires were finally collected.Then,we use SPSS 25.0 and AMOS 26.0 statistical software to conduct reliability and validity analysis,common method deviation test and correlation analysis on the samples,and further conduct path analysis and hypothesis test on the constructed structural equation model to provide empirical support for relevant research.Finally,this study puts forward corresponding management suggestions from the three main levels of commercial banks,governments and SMEs,with a view to providing a new perspective and basis for improving the quality and efficiency of bank credit services for SMEs and alleviating the financing difficulties of SMEs.The main conclusions of the study are as follows:(1)Fintech alleviates the credit financing dilemma of SMEs through technology and credit empowerment mechanisms;(2)Fintech has a positive impact on the banks’ credit supply performance of SMEs.The information and relationship network built by Fintech provides support for banks to obtain high-quality information at low cost,thus improving the credit service level of SMEs;(3)Dynamic capability and credit capital play a multiple chain intermediary role between financial technology and the banks’ credit supply performance of SMEs.On the one hand,Fintech makes commercial banks more adaptive and proactive by enhancing their dynamic capabilities,and then positively affects the performance of credit supply;On the other hand,Fintech has a positive impact on credit supply performance by promoting the formation,accumulation and innovation of credit capital of SMEs;(4)Bank trust positively regulates the relationship between credit capital and credit supply performance,and then regulates the chain intermediary effect of dynamic capacity and credit capital,but for the low level of bank trust,the chain intermediary effect of this positive effect is not significant.