金融科技对县域银行业市场结构的影响研究  

Research on the Impact of Fintech on Market Structure of County-level Banking

作　　者：张龙耀 袁振 ZHANG Longyao;YUAN Zhen

机构地区：[1]南京农业大学金融学院,江苏南京210095

出　　处：《华中农业大学学报（社会科学版）》2022年第6期10-21,共12页Journal of Huazhong Agricultural University(Social Sciences Edition)

基　　金：国家自然科学基金面上项目“中国农村数字金融的发展机制和效应:基于实验经济的研究”(71973064);国家自然科学基金青年项目“农村数字金融的普惠逻辑和福利效应研究:基于信息和风险的视角”(72103094);国家自然科学基金管理学部应急项目“金融支持乡村振兴的政策创新研究”(72141013)。

摘　　要：优化银行业市场结构对于促进经济发展、缓解中小企业融资约束具有重要作用。基于2014−2019年江苏48个县(市)的银行、经济金融数据,运用固定效应模型,分析金融科技对县域银行业市场结构的影响。结果显示,金融科技发展会显著降低县域银行业市场集中度,该结论在考虑可能的内生性问题和一系列稳健性检验后仍然成立;进一步研究发现,银行业市场集中度下降的原因是金融科技发展降低了农村商业银行在县域金融市场中的份额;异质性分析结果表明,对于经济发展水平高、政府干预程度低、经济对外开放程度高的县域,金融科技发展降低县域银行业市场集中度的作用更明显。据此,提出发展金融科技以优化县域银行业市场结构的政策建议。Optimizing the market structure of banking plays an important role in promoting economic development and alleviating financing constraints of SMEs.Based on the banking,economic and financial data of 48 counties(cities)in Jiangsu province from 2014 to 2019,the fixed effect model is used to analyze the impact of fintech on the market structure of county-level banking.The results show that the development of fintech will significantly reduce the market concentration of county-level banking,and this conclusion remains valid after considering possible endogeneity issues and a series of robustness tests.Further research shows that the reason for the decline of the market concentration of the banking is that the development of fintech reduces the share of rural commercial banks in the county-level financial market.The results of heterogeneity analysis show that development of fintech plays a more significant role in reducing the market concentration of county-level banking for counties with high level of economic development,low level of government intervention and high degree of economic openness.Accordingly,the paper puts forward policy suggestions on developing fintech to optimize the market structure of county-level banking.

关 键 词：金融科技 县域 银行业市场结构 市场集中度 

分 类 号：F832.33[经济管理—金融学]