监管科技与银行流动性风险：来自中国上市银行的证据-7份

Full Terms & Conditions of access and use can be found athttps://www.tandfonline.com/action/journalInformation?journalCode=rael20Applied Economics LettersISSN: (Print) (Online) Journal homepage: www.tandfonline.com/journals/rael20Internal regulatory technology (RegTech) and bankliquidity risk: evidence from Chinese listed banksYufei Xia, Xuyan Lu, Ziming Hao & Huiyi ShiTo cite this article: Yufei Xia, Xuyan Lu, Ziming Hao & Huiyi Shi (09 Sep 2024): Internalregulatory technology (RegTech) and bank liquidity risk: evidence from Chinese listed banks,Applied Economics Letters, DOI: 10.1080/13504851.2024.2400310To link to this article: https://doi.org/10.1080/13504851.2024.2400310View supplementary material Published online: 09 Sep 2024.Submit your article to this journal Article views: 45View related articles View Crossmark dataInternal regulatory technology (RegTech) and bank liquidity risk: evidence from Chinese listed banksYufei Xiaa, Xuyan Lub, Ziming Haob and Huiyi ShiaaBusiness School, Jiangsu Normal University, Xuzhou, Jiangsu, PR China; bSino-Russia College, Jiangsu Normal University, Xuzhou, Jiangsu, PR ChinaABSTRACTWe examine the effect of internal regulatory technology (RegTech) on bank liquidity risk. Based on a dataset of Chinese listed banks from 2015 to 2022, we initially employ a text-mining method to build the internal RegTech index from the banks’ annual reports. We subsequently reveal a significant mitigation effect of internal RegTech on bank liquidity risk. The finding remains robust after alleviating the endogeneity issue and under alternative proxy of the dependent variable and different sample periods. A possible channel is that internal RegTech boosts the regulatory capability and mitigates banks’ risky behaviours. Moreover, our results demonstrate some hetero-geneities across RegTech subindices. The compliance and technological foundations subindices are more profound in affecting bank liquidity risk. The findings provide valuable implications for financial regulators regarding the adoption of RegTech.KEYWORDS Regulatory technology; bank; liquidity risk; text- miningJEL CLASSIFICATION G21; G28; O14I. IntroductionBank liquidity risk refers to a bank’s inability to meet its payment obligations as liabilities fall due. The traditional banking theory highlights that maturity transformation enhances banks’ profitability but exposes banks to a threat of liquidity risk and bank runs. The downfall of Silicon Valley Bank shocked the global financial system, and one of the major reasons was poor liquidity management. Current research highlights the determinants of liquidity risk, includ-ing bank-level factors (Abdul-Rahman, Sulaiman, and Mohd Said 2018) and monetary policy (Nguyen, Nguyen, and Duong 2023). Moreover, financial regulation is a direct solution to bank liquid-ity risk (Raz, McGowan, and Zhao 2022).The stringent regulatory standards and traditional regulatory models have posed numerous compliance costs to banks and have l