地方征信平台建设与数字普惠金融发展——基于多期双重差分模型的实证检验  

Construction of Local Credit Investigation Platform and Development of Digital Inclusive Finance--An Empirical Study Based on Multi-period Difference-in-difference Model

作　　者：张正平[1] 陈璐 ZHANG Zheng-ping;CHEN Lu

机构地区：[1]北京工商大学经济学院/北京工商大学数字金融研究中心,北京100048 [2]北京工商大学经济学院,北京100048

出　　处：《金融论坛》2024年第5期59-69,共11页Finance Forum

基　　金：国家自然科学基金项目“‘公平—效率’冲突视角下中国农村普惠金融高质量发展:理论反思、驱动机制与治理体系”(72373010);国家自然科学基金项目“乡村振兴战略背景下我国农村数字普惠金融的形成机制及其风险治理研究”(71873011);国家社科基金重大项目“数字普惠金融支持乡村振兴的政策与实践研究”(22&ZD123);国家社会科学基金重大项目“接续推进脱贫地区乡村振兴的金融支持研究”(21&ZD115)。

摘　　要：本文以中国2011-2022年295个城市为样本,采用多期双重差分模型实证检验地方征信平台建设对数字普惠金融发展的影响及其作用机制。研究结果表明,地方征信平台建设显著提升数字普惠金融发展水平;地方征信平台建设通过降低交易成本和缓解信息不对称两种机制促进数字普惠金融发展。此外,当地征信链建设将强化地方征信平台对数字普惠金融发展的促进作用,地方征信平台建设对东部和中部城市、重点城市和社会信任水平较高地区的数字普惠金融发展水平有显著的促进作用,但对西部城市、一般城市和社会信任水平较低地区的影响不明显。Based on 295 cities in China from 2011 to 2022,this paper empirically tests the impact of construction of local credit investigation platform on the development of digital inclusive finance and its mechanism by using a multi-period DID model.The findings show that the construction of local credit investigation platform significantly improves the development level of digital inclusive finance,and the conclusion is still valid after a series of robustness tests.The construction of local credit investigation platform promotes the development of digital inclusive finance by reducing transaction costs and alleviating information asymmetry.In addition,the construction of local credit investigation chain strengthens the promotional effect of local credit investigation plaforms on the development of digital inclusive finance.The impact of local credit investigation platform construction on the development of digital inclusive finance is significant in eastern and central cities,key cities,and areas with high levels of social trust,but less pronounced in western cities,ordinary cities,and areas with lower levels of social trust.

关 键 词：地方征信平台 数字普惠金融 多期双重差分模型 信息不对称 交易成本 

分 类 号：F49[经济管理—产业经济] F832