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Does the Degree of Digitalization Inhibit Credit Risk Contagion of New Economy Firms

In: Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)

Author

Listed:
  • Dongyang Li

    (Chengdu University, Business School)

  • Kai Xu

    (Chengdu University, Business School)

  • Kailing Dong

    (Chengdu Vocational & Technical College of Industry, School of Rail Transportation)

  • Chun Wen

    (Sichuan University, Institute of Nuclear Science and Technology)

  • Chun Wan

    (Chengdu University, Business School)

Abstract

ABSTRACT Based on 19 new economy firms in the Chengdu-Chongqing Economic Circle, this paper constructs a three-year new economy firms credit risk contagion network model from 2019 to 2021. On this basis, the topological properties of the network are measured from the full network structure and node attributes, and the contagion path of credit risk of new economic firms and the process of dynamic changes over time are analyzed. Further, the text analysis method is used to measure the degree of digitalization of new economy firms, combined with the credit risk contagion network, to study the effect of digitalization degree on the credit risk contagion of new economy firms. The final empirical results show that the degree of digitization has an inhibitory effect on the credit risk contagion of new economy firms, and the contagion inhibitory effect on the important "bridge" node firms in the contagion network are more significant.

Suggested Citation

  • Dongyang Li & Kai Xu & Kailing Dong & Chun Wen & Chun Wan, 2023. "Does the Degree of Digitalization Inhibit Credit Risk Contagion of New Economy Firms," Advances in Economics, Business and Management Research, in: Sen Qiao & Hongbin Cao & Aiwen Liu & Xueliang Chen & Tiefei Li (ed.), Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022), pages 199-205, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-194-4_28
    DOI: 10.2991/978-94-6463-194-4_28
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