| In recent years,the rapid development of technologies such as blockchain,big data,cloud computing and artificial intelligence has promoted the integration of technology and finance,accelerating the arrival of the era of fintech.Fintech has injected new vitality to the development of the financial sector,but at the same time,also changed the traditional mode of financial services,influenced the commercial banks deeply,changing the bank’s risk bearing situation.On the one hand,fintech impacted commercial banks,increasing the risk of the banks.On the other hand,fintech also boosted the development of banks,reducing the risk of banks.As a result,studying the risk taking of listed banks in the development of fintech is of great significance.It can expand the analysis of bank risk bearing angles,rich related theory research,and help market participants to better grasp and understand the future development direction,to promote the financial industry development.This paper attempts to study the impact of fintech on risk taking of listed banks.Firstly,from the theoretical level,on the basis of previous studies,the theoretical basis and influence channels of fintech on risk taking of commercial banks are sorted out.Secondly,empirical methods are used to verify the theoretical conclusions.Fintech index is constructed by text mining method as the explanatory variable,and then stock volatility return rate is selected as the explained variable.Nominal GDP growth rate,money supply growth rate,asset ratio of the top four banks,asset return rate,liquid asset ratio,total asset turnover rate and total bank assets were taken as control variables,and the connotation of each variable was clarified.Based on the annual data of 37 listed banks from 2010 to 2020 and generalized moment estimation of dynamic panel system,this paper empirically studies the impact of fintech on bank risk taking,and finally draws the following conclusions: In the early stage of fintech development,the risk taking level of listed banks rises.With the development of fintech and its integration with the banking industry,the risk taking level of listed banks declines,presenting an overall inverted u-shaped trend.Accordingly throws out suggestions:under the trend of the development of fintech,the banks should perfect the risk management system,guard against financial risks,follow the wave of fintech,and cooperate with the development of fintech.In addition,regulators must strengthen financial regulation in all levels,and government agencies should vigorously support reform,promote the long-term development of the economy,to boost the economy took off. |
