数字金融降低城市商业银行的风险承担了吗?  

Has Digital Finance Reduced the Risk-taking of Urban Commercial Banks?

作　　者：那振芳 虎培森 朱方圆 Na Zhenfang;Hu Peisen;Zhu Fangyuan(School of Economics,Bohai University,Jinzhou 121013,Liaoning,China;School of Economics,Guizhou University of Finance and Economics,Guiyang 550025,Guizhou,China)

机构地区：[1]渤海大学经济学院,辽宁锦州121013 [2]贵州财经大学经济学院,贵州贵阳550025

出　　处：《金融发展研究》2025年第1期3-12,共10页Journal Of Financial Development Research

基　　金：辽宁省社会科学规划基金项目“‘双循环’新格局下辽宁参与东北亚区域经济合作模式及路径研究”(L21BGJ001);辽宁省教育厅项目“数字金融服务辽宁实体经济数字化转型研究”(JYTMS20231657)。

摘　　要：本文基于2011—2021年我国80家城市商业银行的平衡面板数据,实证检验了数字金融对我国城市商业银行潜在风险的影响。研究结论表明:数字金融可以缓释城市商业银行的风险承担;机制分析表明,数字金融可以通过提高经营效率与市场势力降低城市商业银行的风险承担水平;调节效应表明,在金融脱媒深化的背景下,数字金融对城市商业银行风险承担的抑制作用更强。在此基础上,建议城市商业银行应顺应数实融合发展趋势,积极推进数字化转型,监管层应完善金融监管框架,营造充分竞争的市场环境。Based on the balanced panel data of 80 urban commercial banks in China from 2011 to 2021,this paper empirically examines the impact of digital finance on the potential risk of urban commercial banks in China.The findings of the study suggest that digital finance can moderate the risk taking of urban commercial banks;mechanistic analysis suggests that digital finance can reduce the level of risk-taking in urban commercial banks by improving operational efficiency and market power;the moderating effect suggests that digital finance has a stronger dampening effect on urban commercial banks'risk-taking in the context of deepening financial disintermediation.On this basis,it is suggested that urban commercial banks should comply with the development trend of digital-real integration and actively promote digital transformation,and the regulators should improve the financial regulatory framework and create a fully competitive market environment.

关 键 词：数字金融 市场势力 经营效率 金融脱媒 

分 类 号：F832.3[经济管理—金融学]