金融科技、政府监管与商业银行风险承担

金融科技的快速发展有着深刻的技术背景和制度背景。近年来,随着政府监管力度不断加大,金融科技与政府监管相互作用对商业银行风险承担将会产生何种影响,目前关于这一问题的实证研究尚不充分。为此,通过搜集百度搜索指数构建金融科技发展指数,同时手工搜集 2013-2020 年商业银行受到的政府监管处罚数据衡量政府监管力度,并基于2013-2020 年 61 家商业银行的面板数据进行实证分析,试图探讨两者对商业银行风险承担的影响效果。研究结果表明：（1）在不考虑金融科技与政府监管的相互作用下,金融科技和政府监管均能够显著降低商业银行的风险承担水平。（2）在金融科技与政府监管的共同作用机制下,对不同类型商业银行风险承担的影响效果存在显著差异,国有控股大型商业银行与农村商业银行降低风险承担效果并不显著,但对全国性股份制商业银行和城市商业银行呈现明显效果。研究结论对金融科技与商业银行融合发展过程中,提高政府监管效率,缓释商业银行风险承担提供了重要启示。

Fintech, Government Regulation and Risk-taking By Commercial Banks

The rapid development of fintech has a profound technical background and institutional background. In recent years, with the increasing intensity of government regulation, the empirical research on how the interaction between fintech and government regulation will affect the risk taking of commercial banks is insufficient. Therefore, in this paper, through collecting baidu search index to construct the Financial Technology Development Index, at the same time manually collecting commercial Banks from 2013 to 2020 was fined by the government regulation of data to measure the government regulation, and based on the panel data of 61 commercial banks from 2013 to 2020, the empirical analysis is conducted to explore the impact of the two factors on the risk taking of commercial banks.The results show that :(1) without considering the interaction between fintech and government regulation, both fintech and government regulation can significantly reduce the risk level of commercial banks. (2) Under the joint influence mechanism of fintech and government regulation, the impact on risk taking of commercial banks shows significant differences. The effect of reducing risk of large state-owned holding commercial banks and rural commercial banks is not significant, but it shows significant effect on national joint-stock commercial banks and city commercial banks. The research conclusions of this paper provide important enlightenment for improving the efficiency of government regulation and easing the risk taking of commercial banks in the process of the integration of fintech and commercial banks.