影子(心理学)
内生性
数字化转型
业务
代理(统计)
转化(遗传学)
成熟度(心理)
零售银行业务
金融危机
金融体系
经济
货币经济学
计量经济学
宏观经济学
计算机科学
政治学
心理学
生物化学
化学
机器学习
万维网
法学
心理治疗师
基因
作者
Xiaoqing Zhao,Yao Chen
标识
DOI:10.1016/j.frl.2023.104947
摘要
Using an unbalanced panel dataset from Chinese non-financial firms spanning 2008–2021, this research explores the relationship between digital transformation and shadow banking. Contrary to expectations, the evidence indicates that digital transformation accelerates shadow banking rather than suppressing it. A result resilient to potential endogeneity, proxy variables, and outlier exclusion. Furthermore, shadow banking exacerbates operational risk, a pattern particularly prominent among firms with underdeveloped digital capabilities, intimating that digital maturity may alleviate the detrimental impacts. This study elucidates the economic repercussions of shadow banking in the digital transformation epoch, yielding valuable insights.
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