金融科技对商业银行间风险溢出影响机制分析与效应检验--以银行间关联程度为中介变量  

Analysis of the Impact Mechanism and Effect of Fintech on Risk Spillover Among Commercial Banks--The Mediating Role of Interbank Connectivity

作　　者：郭净 苏靖雯 Guo Jing;Su Jingwen

机构地区：[1]河北金融学院金融与投资学院 [2]河北金融学院研究生部

出　　处：《经济研究参考》2025年第3期125-144,共20页Review of Economic Research

基　　金：国家社科基金项目“互联网银行信贷数据高位集聚水平测度及其系统性风险预警研究”(No.22BTJ063)。

摘　　要：金融科技与传统金融业的深度融合在推动金融创新与效率提升的同时,也会加剧银行间风险溢出的可能性。本文基于2010~2022年我国国有股份制银行和城市商业银行的面板数据,构建固定效应模型,系统分析了金融科技对银行间风险溢出的影响及其内在机制。研究结果表明,金融科技显著促进了银行间风险溢出,且国有银行与非国有银行在这一影响上存在显著差异。此外,银行间的高关联业务进一步加剧了风险的溢出,而金融监管政策则对这一传导机制起到了明显的负向调节作用,能够有效抑制金融科技驱动的风险溢出。根据研究结论,建议加强风险控制,限制关联业务,优化监管机制。The deep integration of fintech with traditional financial industries not only drives financial innovation and improves efficiency but may also increase the likelihood of risk spillover among banks.Based on panel data from China's state-owned,joint-stock,and city commercial banks from 2010 to 2022,this paper constructs a fixed-effects model to systematically analyze the impact of fintech on interbank risk spillover and its underlying mechanism.The findings indicate that fintech significantly promotes risk spillover among banks,with notable differences between state-owned and non-state-owned banks.Moreover,high interbank connectivity further exacerbates risk spillover,while financial regulatory policies play a significant negative moderating role,effectively mitigating fintech-driven risk spillover.Based on these findings,this paper recommends strengthening risk control,limiting highly connected business activities,and optimizing regulatory mechanisms.

关 键 词：金融科技 银行间风险溢出 银行间关联程度 

分 类 号：F832.33[经济管理—金融学]