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

Dongyang Li, Kai Xu (), Kailing Dong, Chun Wen and Chun Wan
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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

A chapter in Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022), 2023, pp 199-205 from Springer

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.

Keywords: Degree of digitalization; New economy; Credit risk contagion; Contagion network (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-194-4_28

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DOI: 10.2991/978-94-6463-194-4_28

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