Research On The Impact Of Bank Innovation On Credit Availability

With the deepening of current financial disintermediation,the advancement of interest rate liberalization in China,the development of science and technology with big data and artificial intelligence as an upsurge,commercial bank innovation is experiencing a trend.At this time,we study the status quo of bank innovation and its impact on credit availability.Through the theoretical and empirical analysis of the impact of bank innovation on credit availability,the study of whether banks function as financial intermediaries can bett er serve under bank innovation.The real economy,using the availability of credit for small and micro enterprises to test whether bank innovation can serve the real economy as the starting point and the "initial heart" of the return point,is also of great significance to the bank's future innovation and innovation guidelines.This paper first constructs a theoretical model of bank credit rationing,introduces information asymmetry factors,and analyzes the impact mechanism of bank-based innovation on credit rationing.Then using bank's total factor productivity as a measure of bank's degree of innovation,we use the empirical analysis of data from 25 commercial banks in China from 2007 to 2016 to test the impact of bank innovation on corporate credit availability represented by small and micro enterprises,and in the empirical.The empirical results show that although bank innovation will increase the bank's loan scale,it has not reached the initial focus of improving the availability of credit for small and micro enterprises and improving the efficiency of service entities.In order to further empirically explore the impact mechanism of bank innovation on credit availability,the paper introduces the cross-terms of bank innovation and bank character istic variables to empirically.The empirical results show that the cross-term regression of bank innovation degree and capital adequacy ratio leads to the existence of bank innovation.bank innovation will increase the loan scale by reducing transaction costs.But the change in the cost side of the bank did not significantly affect the availability of credit.