The impact of Internet finance on commercial banks' risk taking: evidence from China

被引：26

作者：

Guo, Pin ^{[1
]}

Shen, Yue ^{[1
]}

机构：

[1] Xi An Jiao Tong Univ, Sch Econ & Finance, Yan Ta West Rd 74, Xian 710061, Shaanxi, Peoples R China

来源：

CHINA FINANCE AND ECONOMIC REVIEW | 2016年 / 4卷

基金：

中国国家自然科学基金;

关键词：

Internet finance; Commercial bank risk taking; System GMM estimation;

D O I：

10.1186/s40589-016-0039-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Background: Internet finance has grown rapidly in China over the past years. Through introducing internet finance's "reducing management cost"and "raising capital cost"effects into bank risk-taking model, this paper systematically investigates the dynamic and heterogeneous influence of internet finance on China commercial banks' risk-taking. Methods: Using internet finance index based on "text mining"and data of 36 commercial banks from 2003 to 2013, we makes an SYS-GMM test. Results: The results show, firstly, the impact of internet finance on China commercial banks' risk-taking is a "U"trend. The initial development of internet finance can help commercial banks to reduce management cost and risk-taking, but then internet finance will raise capital cost, and turn to exacerbate banks' risk-taking. Secondly, the response of China commercial banks' risk-taking is heterogeneous. Large commercial banks' response is slow, while small and medium banks' response is relatively sensitive. Conclusions: The conclusion showed the complexity of the implication mechanism and functional process of how internet finance affected China commercial banks' risk-taking.

引用

页数：19