【精品文档】476关于电子网络金融银行风险管理控制有关的外文文献翻译成品：互联网金融对商业银行风险承担的影响：来自中国的证据（中英文双语对照）13.docxVIP

此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译），无需调整复杂的格式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就一次的事！ 外文标题：The impact of Internet finance on commercial banks’ risk taking: evidence from China 外文作者：Pin Guo and Yue Shen 文献出处: China Finance and Economic Review (2018) (如觉得年份太老，可改为近2年，毕竟很多毕业生都这样做) 英文5130单词，33788字符(字符就是印刷符)，中文7963汉字。（如果字数多了，可自行删减，大多数学校都是要求选取外文的一部分内容进行翻译的。） The impact of Internet finance on commercial banks’ risk taking: evidence from China Abstract Background: Internet finance has grown rapidly in China over the past years. Through introducing internet finance’s “reducing management cost” and “raising capital cost” effects into bank risk-taking model, this paper systematically investigates the dynamic and heterogeneous influence of internet finance on China commercial banks’ risk-taking. Methods: Using internet finance index based on “text mining” and data of 36 commercial banks from 2003 to 2013, we makes an SYS-GMM test. Results: The results show, firstly,the impact of internet finance on China commercial banks’ risk-taking is a “U” trend.The initial development of internet finance can help commercial banks to reduce management cost and risk-taking, but then internet finance will raise capital cost, and turn to exacerbate banks’ risk-taking.Secondly, the response of China commercial banks’ risk-taking is heterogeneous. Large commercial banks’ response is slow,while small and medium banks’ response is relatively sensitive. Conclusions: The conclusion showed the complexity of the implication mechanism and functional process of how internet finance affected China commercial banks’ risk-taking. Keywords: Internet finance,Commercial bank risk taking,System GMM estimation Background From simple imitation a decade ago to today’s proactive innovation, China’s Internet finance has demonstrated its role as the driving force, which should not be neglected. Over the past 2 years, in particular, Internet finance has emerged as the “blue ocean” enjoying tremendous development where numerous