Pub Date : 2023-06-30DOI: 10.54560/jracr.v13i2.359
H. Kilic, S. K. Canbakis, M. Karabas, Sedef Koseoglu, Ezgi Unal, Z. T. Kalender
Supply chains have rapidly developed and become more complex to increase productivity, reduce costs and meet demand. Moreover, globalization affected complexity and uncertainty, so many risks have arisen in surviving among rivals. Today, supply chain management became more difficult for recognizing the details and controlling the process. So, recognition and assessment of the risks in advance became vital to provide the continuity of the working processes of the company and not cause big losses. This study aims to minimize the damage that may occur by providing the risk assessment. For this purpose, a risk assessment methodology in which risks are determined via literature review and expert views is proposed. Afterwards, a new technique based on Failure Mode and Effects Analysis (FMEA) is utilized. Intuitionistic Fuzzy Analytic Hierarchy Process and Weighted Product are synergistically used within FMEA. Moreover, an application in a widely known fast-moving consumer goods company is performed to validate the proposed methodology.
{"title":"Integrated Supply Chain Risk Assessment Methodology Based on Modified FMEA","authors":"H. Kilic, S. K. Canbakis, M. Karabas, Sedef Koseoglu, Ezgi Unal, Z. T. Kalender","doi":"10.54560/jracr.v13i2.359","DOIUrl":"https://doi.org/10.54560/jracr.v13i2.359","url":null,"abstract":"Supply chains have rapidly developed and become more complex to increase productivity, reduce costs and meet demand. Moreover, globalization affected complexity and uncertainty, so many risks have arisen in surviving among rivals. Today, supply chain management became more difficult for recognizing the details and controlling the process. So, recognition and assessment of the risks in advance became vital to provide the continuity of the working processes of the company and not cause big losses. This study aims to minimize the damage that may occur by providing the risk assessment. For this purpose, a risk assessment methodology in which risks are determined via literature review and expert views is proposed. Afterwards, a new technique based on Failure Mode and Effects Analysis (FMEA) is utilized. Intuitionistic Fuzzy Analytic Hierarchy Process and Weighted Product are synergistically used within FMEA. Moreover, an application in a widely known fast-moving consumer goods company is performed to validate the proposed methodology.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88352610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.54560/jracr.v13i1.353
Washington Barbosa, L. R. Moreira, Gilson Brito, A. Haddad, M. Vidal
This proposal presents the Sociotechnical Construction of Risks, Ergonomics, and the two principles of the Proactive Approach to Safety, Risks, and Emergencies, the Structured Sociotechnical Approach and Dynamics of Proactive Safety intending to complement traditional risk assessments, and prevent and Mitigating Major and Fatal Negative Events, the in organizations such as cases of the explosion of the space shuttle Challenger, the nuclear accident in Fukushima, the Texas City Refinery and the explosion in the Port of Beirut, among others. To propose these two principles, case studies were developed at Fiocruz, and in organizations, sectors, and activities, a bibliographic review on theses, dissertations, reports from regulatory bodies, books, scientific articles, and media articles, on major and fatal negative events, and ergonomics, socio-technical approach, and resilience engineering. A tragedy prevention course was created, with four free online consultation modules, based on cases of major negative events. These principles redirect the focus from human error to Focus on the Structured Sociotechnical System and Focus on the Dynamics of Proactive Safety. It is proposed that these two principles can provide us with bases for analysis, to prevent and minimize Major and Fatal Negative Events, and are a complement to traditional risk assessments.
{"title":"The Sociotechnical Construction of Risks, and Principles of the Proactive Approach to Safety","authors":"Washington Barbosa, L. R. Moreira, Gilson Brito, A. Haddad, M. Vidal","doi":"10.54560/jracr.v13i1.353","DOIUrl":"https://doi.org/10.54560/jracr.v13i1.353","url":null,"abstract":"This proposal presents the Sociotechnical Construction of Risks, Ergonomics, and the two principles of the Proactive Approach to Safety, Risks, and Emergencies, the Structured Sociotechnical Approach and Dynamics of Proactive Safety intending to complement traditional risk assessments, and prevent and Mitigating Major and Fatal Negative Events, the in organizations such as cases of the explosion of the space shuttle Challenger, the nuclear accident in Fukushima, the Texas City Refinery and the explosion in the Port of Beirut, among others. To propose these two principles, case studies were developed at Fiocruz, and in organizations, sectors, and activities, a bibliographic review on theses, dissertations, reports from regulatory bodies, books, scientific articles, and media articles, on major and fatal negative events, and ergonomics, socio-technical approach, and resilience engineering. A tragedy prevention course was created, with four free online consultation modules, based on cases of major negative events. These principles redirect the focus from human error to Focus on the Structured Sociotechnical System and Focus on the Dynamics of Proactive Safety. It is proposed that these two principles can provide us with bases for analysis, to prevent and minimize Major and Fatal Negative Events, and are a complement to traditional risk assessments.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76203145","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.54560/jracr.v13i1.357
Jia-qi Wu, Mu Zhang
To further enrich the research on the promotion mechanism of high-level financial openness on the innovation of the manufacturing industry, this article summarizes the domestic and foreign research on the impact mechanism of financial openness. Currently, the domestic and foreign studies are mostly based on the characteristics of different financial industries, including the role of opening-up on enterprise innovation and its influence on the bank industry; the effect of foreign direct equity participation on enterprise innovation and its influence on the securities industry; the impact of the host country on the innovation of insured companies and its influence on the insurance industry. Future research directions may include deepening research on the transmission mechanism of high-level financial openness on manufacturing innovation and expanding research methods for the impact mechanism of high-level financial openness on manufacturing innovation development.
{"title":"A Systematic Literature Review of the Empirical Research on the Promoting Mechanism of High-Level Financial Opening to Innovative Development of Manufacturing Industry","authors":"Jia-qi Wu, Mu Zhang","doi":"10.54560/jracr.v13i1.357","DOIUrl":"https://doi.org/10.54560/jracr.v13i1.357","url":null,"abstract":"To further enrich the research on the promotion mechanism of high-level financial openness on the innovation of the manufacturing industry, this article summarizes the domestic and foreign research on the impact mechanism of financial openness. Currently, the domestic and foreign studies are mostly based on the characteristics of different financial industries, including the role of opening-up on enterprise innovation and its influence on the bank industry; the effect of foreign direct equity participation on enterprise innovation and its influence on the securities industry; the impact of the host country on the innovation of insured companies and its influence on the insurance industry. Future research directions may include deepening research on the transmission mechanism of high-level financial openness on manufacturing innovation and expanding research methods for the impact mechanism of high-level financial openness on manufacturing innovation development.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"41 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74658829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.54560/jracr.v13i1.352
K. Krumov, J. Schneider, Jin Liu, A. Krumova, Eko Widodo Widodo, A. Gungov, Márta Juhász, Magdalena Garvanova, S. Kumar, Rita Répáczki
One of the essential aspects in analyzing the topic of managing people's risk behavior in extreme situations is related to the issue of risk perception. The subject of this study was to reveal whether certain factors, such as cultural context, gender, age, education, religious beliefs, etc., mediate the perceived risk during the COVID-19 pandemic. The study was conducted online from April to June 2020. The two samples included a total of 2617 participants aged between 18 and 70 years, where 1412 of which were drawn from Asia and 1205 were representatives of Europe. Participants were asked to complete an internet-based version of a short questionnaire that described the COVID-19 pandemic situation, as one of the questions referred to the hazard perception of the infection. Results obtained showed that there was a higher level of perceived risk among members of the Asian culture group in comparison with the European study participants. Furthermore, it was revealed that gender is not a significant factor in the perception of risk in either the European or the Asian cultural group (p> 0.05). The results showed that levels of the perceived risk increased with age and that there were significant differences between young and old in threat perception for the European sample (p<0.001). Regarding the Asian sample, it turned out that all age groups perceive the risk of infection almost equally. Several demographic characteristics also emerged as important mediators of risk perception. For example, people with the lowest education, married, religious, and families with children fear the hazard of COVID-19 infection to the greatest extent, compared to people with the highest education, singles, atheists, and families without children, who do not perceive the virus as a high-risk factor.
{"title":"Cross-cultural Research of the Perceived Risk During the COVID-19 Pandemic","authors":"K. Krumov, J. Schneider, Jin Liu, A. Krumova, Eko Widodo Widodo, A. Gungov, Márta Juhász, Magdalena Garvanova, S. Kumar, Rita Répáczki","doi":"10.54560/jracr.v13i1.352","DOIUrl":"https://doi.org/10.54560/jracr.v13i1.352","url":null,"abstract":"One of the essential aspects in analyzing the topic of managing people's risk behavior in extreme situations is related to the issue of risk perception. The subject of this study was to reveal whether certain factors, such as cultural context, gender, age, education, religious beliefs, etc., mediate the perceived risk during the COVID-19 pandemic. The study was conducted online from April to June 2020. The two samples included a total of 2617 participants aged between 18 and 70 years, where 1412 of which were drawn from Asia and 1205 were representatives of Europe. Participants were asked to complete an internet-based version of a short questionnaire that described the COVID-19 pandemic situation, as one of the questions referred to the hazard perception of the infection. Results obtained showed that there was a higher level of perceived risk among members of the Asian culture group in comparison with the European study participants. Furthermore, it was revealed that gender is not a significant factor in the perception of risk in either the European or the Asian cultural group (p> 0.05). The results showed that levels of the perceived risk increased with age and that there were significant differences between young and old in threat perception for the European sample (p<0.001). Regarding the Asian sample, it turned out that all age groups perceive the risk of infection almost equally. Several demographic characteristics also emerged as important mediators of risk perception. For example, people with the lowest education, married, religious, and families with children fear the hazard of COVID-19 infection to the greatest extent, compared to people with the highest education, singles, atheists, and families without children, who do not perceive the virus as a high-risk factor.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73763202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.54560/jracr.v13i1.354
Chen-yun Ye
This paper investigates the dynamic relationship between the digital economy, science and technology innovation and carbon emissions using a panel vector autoregressive model with data from 30 Chinese provinces from 2011 to 2019. The results show that: initial development of the digital economy will lead to an increase of carbon emissions, but the effect will be gradually weakened in later stages and become a reverse inhibitory effect; the growth of digital economy development level and the increase of carbon emissions intensity are mutually Granger causative; carbon emissions will inhibit the development of the digital economy in the short term, and will have a significant self-promoting effect; the improvement of science and technology innovation level on the growth of digital economy development level is the driving effect of the improvement of STI level on the growth of digital economy development level is not yet stable.
{"title":"Digital Economy, Science and Technology Innovation and Carbon Emissions - A Dynamic Analysis of PVAR Based on Provincial Panel Data","authors":"Chen-yun Ye","doi":"10.54560/jracr.v13i1.354","DOIUrl":"https://doi.org/10.54560/jracr.v13i1.354","url":null,"abstract":"This paper investigates the dynamic relationship between the digital economy, science and technology innovation and carbon emissions using a panel vector autoregressive model with data from 30 Chinese provinces from 2011 to 2019. The results show that: initial development of the digital economy will lead to an increase of carbon emissions, but the effect will be gradually weakened in later stages and become a reverse inhibitory effect; the growth of digital economy development level and the increase of carbon emissions intensity are mutually Granger causative; carbon emissions will inhibit the development of the digital economy in the short term, and will have a significant self-promoting effect; the improvement of science and technology innovation level on the growth of digital economy development level is the driving effect of the improvement of STI level on the growth of digital economy development level is not yet stable.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77067179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-01DOI: 10.54560/jracr.v13i1.355
Suomin Xu, Mu Zhang
In order to further promote the theoretical research on the effective financial support for the high-quality development of strategic emerging industries, this paper reviews the research status at home and abroad on the mechanism and path, influence effect, support efficiency, support system, problems and countermeasures of financial support for the development of strategic emerging industries. At present, the research on financial support for the development of strategic emerging industries at home and abroad is mainly conducted from the perspective of financial support and financing. Under the two perspectives, the influence effect can be subdivided into direct financing, indirect financing and comprehensive financing, and the research on support efficiency can be divided into national and regional studies. The support system can be divided into three aspects: horizontal, vertical, and horizontal and vertical synthesis. Problems and countermeasures are subdivided into four aspects: countermeasures, policies, strategies and optimization paths. Future research directions include: Deepening the mechanism of financial support for strategic emerging industries from the perspective of financing; Expand the research of vertical support system for the development of strategic emerging industries.
{"title":"A Systematic Literature Review on Financial Support for the Development of Strategic Emerging Industries","authors":"Suomin Xu, Mu Zhang","doi":"10.54560/jracr.v13i1.355","DOIUrl":"https://doi.org/10.54560/jracr.v13i1.355","url":null,"abstract":"In order to further promote the theoretical research on the effective financial support for the high-quality development of strategic emerging industries, this paper reviews the research status at home and abroad on the mechanism and path, influence effect, support efficiency, support system, problems and countermeasures of financial support for the development of strategic emerging industries. At present, the research on financial support for the development of strategic emerging industries at home and abroad is mainly conducted from the perspective of financial support and financing. Under the two perspectives, the influence effect can be subdivided into direct financing, indirect financing and comprehensive financing, and the research on support efficiency can be divided into national and regional studies. The support system can be divided into three aspects: horizontal, vertical, and horizontal and vertical synthesis. Problems and countermeasures are subdivided into four aspects: countermeasures, policies, strategies and optimization paths. Future research directions include: Deepening the mechanism of financial support for strategic emerging industries from the perspective of financing; Expand the research of vertical support system for the development of strategic emerging industries.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83058760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.54560/jracr.v12i4.346
Chongfu Huang
This paper reviews the main contents of the following picture book: Guide for travelling in an uncertain world: what is risk? Zhang, J., and Huang, H.W. 2022. Shanghai: Tongji University Press (ISBN: 978-7-5765-0351-7) (in Chinese). This picture book can help children and their parents become aware of risk, learn the knowledge about risk analysis, and cultivate interests related to the science, technology, engineering, and mathematics behind risk analysis. It is a welcome and successful contribution to the education of risk analysis to the child and the public.
{"title":"Book Review of Guide for Travelling in an Uncertain World: What is Risk?","authors":"Chongfu Huang","doi":"10.54560/jracr.v12i4.346","DOIUrl":"https://doi.org/10.54560/jracr.v12i4.346","url":null,"abstract":"This paper reviews the main contents of the following picture book: Guide for travelling in an uncertain world: what is risk? Zhang, J., and Huang, H.W. 2022. Shanghai: Tongji University Press (ISBN: 978-7-5765-0351-7) (in Chinese). This picture book can help children and their parents become aware of risk, learn the knowledge about risk analysis, and cultivate interests related to the science, technology, engineering, and mathematics behind risk analysis. It is a welcome and successful contribution to the education of risk analysis to the child and the public.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82546602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.54560/jracr.v12i4.344
Ephias Munangi, A. Sibindi
The financial sector plays a vital role to improve economic performance. Development of innovative lending strategies is necessary since debt is the largest form of finance. FinTech and BigTech credit are such innovative ways in the new era of extreme technological advancements that help ensure the economy is inclusive and grows in a sustainable manner. This paper applies a bibliometric review and meta-analysis by utilizing the SCOPUS database to explore the academic research that has been conducted on FinTech/BigTech credit and economic growth. The VOSviewer software was utilized to construct and visualize the bibliometric networks from the extracted data. Our findings show a massive increase in documents published on this topic between 2019 and 2022. Bank concentration, bank minimum capital requirements, market inefficiencies, financial inclusion and regulation on technological innovation were identified as key factors to influence FinTech/BigTech credit adoption. The significance of the study is that we identify the research gaps from previous studies and demonstrate the importance of establishing the nexus between FinTech/BigTech credit and economic growth.
{"title":"Fintech, Bigtech Credit and Economic Growth: A Bibliometric Review and Meta Analysis","authors":"Ephias Munangi, A. Sibindi","doi":"10.54560/jracr.v12i4.344","DOIUrl":"https://doi.org/10.54560/jracr.v12i4.344","url":null,"abstract":"The financial sector plays a vital role to improve economic performance. Development of innovative lending strategies is necessary since debt is the largest form of finance. FinTech and BigTech credit are such innovative ways in the new era of extreme technological advancements that help ensure the economy is inclusive and grows in a sustainable manner. This paper applies a bibliometric review and meta-analysis by utilizing the SCOPUS database to explore the academic research that has been conducted on FinTech/BigTech credit and economic growth. The VOSviewer software was utilized to construct and visualize the bibliometric networks from the extracted data. Our findings show a massive increase in documents published on this topic between 2019 and 2022. Bank concentration, bank minimum capital requirements, market inefficiencies, financial inclusion and regulation on technological innovation were identified as key factors to influence FinTech/BigTech credit adoption. The significance of the study is that we identify the research gaps from previous studies and demonstrate the importance of establishing the nexus between FinTech/BigTech credit and economic growth.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91243605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.54560/jracr.v12i4.345
Yinan Fu, Mu Zhang
To alleviate the pressure of financing for small and medium-sized enterprises in my country, order financing has become one of the effective ways to solve the financing difficulties of China's small and medium-sized enterprises. Order financing is a kind of supply chain financing mode. Compared with traditional accounts payable financing, order financing advances the financing link, accelerates the capital turnover efficiency, and better solves the urgent demand for funds of small and medium-sized enterprises. This paper reviews the research status of order financing from three aspects: order financing model evolution, decision optimization, and risk management. Through combing the existing literature, it puts forward appropriate policy recommendations for the order financing model under the current development status, which will provide direction for the development of order financing in the future.
{"title":"Summary of Research on Order Financing Decision Optimization and Risk Management","authors":"Yinan Fu, Mu Zhang","doi":"10.54560/jracr.v12i4.345","DOIUrl":"https://doi.org/10.54560/jracr.v12i4.345","url":null,"abstract":"To alleviate the pressure of financing for small and medium-sized enterprises in my country, order financing has become one of the effective ways to solve the financing difficulties of China's small and medium-sized enterprises. Order financing is a kind of supply chain financing mode. Compared with traditional accounts payable financing, order financing advances the financing link, accelerates the capital turnover efficiency, and better solves the urgent demand for funds of small and medium-sized enterprises. This paper reviews the research status of order financing from three aspects: order financing model evolution, decision optimization, and risk management. Through combing the existing literature, it puts forward appropriate policy recommendations for the order financing model under the current development status, which will provide direction for the development of order financing in the future.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78942467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.54560/jracr.v12i4.341
Haining Zha, Wei Li
The expansion of the breadth of coverage and depth of use of digital finance greatly improves the efficiency of financial services to the real economy, and has an important impact on the economic development of local governments in China. This paper takes the provincial local government debt risk data from 2011 to 2020 as the research sample to deeply investigate the effect and mechanism of digital finance on local government debt risk. The results show that, firstly, digital finance can effectively suppress local government debt risk, and a significant long-term suppressive effect is found by quantile model test. Secondly, in the mechanism of action test, digital finance effectively alleviates local government debt risk through the path of local government fiscal transparency, and has played a significant regulating effect. Finally, based on different regions and development levels, the effect of digital finance on local government debt risk is found to be more significant in eastern regions and regions with high urbanization levels. The findings of this paper provide some theoretical value and practical significance for preventing the occurrence of local government debt risk and regional systemic risk.
{"title":"Digital Finance, Fiscal Transparency and Government Debt Risk","authors":"Haining Zha, Wei Li","doi":"10.54560/jracr.v12i4.341","DOIUrl":"https://doi.org/10.54560/jracr.v12i4.341","url":null,"abstract":"The expansion of the breadth of coverage and depth of use of digital finance greatly improves the efficiency of financial services to the real economy, and has an important impact on the economic development of local governments in China. This paper takes the provincial local government debt risk data from 2011 to 2020 as the research sample to deeply investigate the effect and mechanism of digital finance on local government debt risk. The results show that, firstly, digital finance can effectively suppress local government debt risk, and a significant long-term suppressive effect is found by quantile model test. Secondly, in the mechanism of action test, digital finance effectively alleviates local government debt risk through the path of local government fiscal transparency, and has played a significant regulating effect. Finally, based on different regions and development levels, the effect of digital finance on local government debt risk is found to be more significant in eastern regions and regions with high urbanization levels. The findings of this paper provide some theoretical value and practical significance for preventing the occurrence of local government debt risk and regional systemic risk.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80473634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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