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

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

Authors
Dongyang Li1, Kai Xu1, *, Kailing Dong2, Chun Wen3, Chun Wan1
1Business School, Chengdu University, Chengdu, China
2School of Rail Transportation, Chengdu Vocational & Technical College of Industry, Chengdu, China
3Institute of Nuclear Science and Technology, Sichuan University, Chengdu, China
*Corresponding author. Email: xukai@cdu.edu.cn
Corresponding Author
Kai Xu
Available Online 21 July 2023.
DOI
10.2991/978-94-6463-194-4_28How to use a DOI?
Keywords
Degree of digitalization; New economy; Credit risk contagion; Contagion network
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
21 July 2023
ISBN
10.2991/978-94-6463-194-4_28
ISSN
2352-5428
DOI
10.2991/978-94-6463-194-4_28How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dongyang Li
AU  - Kai Xu
AU  - Kailing Dong
AU  - Chun Wen
AU  - Chun Wan
PY  - 2023
DA  - 2023/07/21
TI  - Does the Degree of Digitalization Inhibit Credit Risk Contagion of New Economy Firms
BT  - Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022)
PB  - Atlantis Press
SP  - 199
EP  - 205
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-194-4_28
DO  - 10.2991/978-94-6463-194-4_28
ID  - Li2023
ER  -