AUTHOR=Ye Rendao , Xie Yichen , An Na , Lin Ya TITLE=Influence Analysis of Digital Financial Risk in China's Economically Developed Regions Under COVID-19: Based on the Skew-Normal Panel Data Model JOURNAL=Frontiers in Public Health VOLUME=10 YEAR=2022 URL=https://www.frontiersin.org/journals/public-health/articles/10.3389/fpubh.2022.822097 DOI=10.3389/fpubh.2022.822097 ISSN=2296-2565 ABSTRACT=

The rapid spread of COVID-19 worldwide makes an uncertain impact on the development of digital finance in China. In this background, the measurement of digital financial risk and analysis of influence factor become the focus of the financial field. Therefore, this article builds the indicator system of digital financial risk and uses the Lagrange multiplier method to obtain the optimal comprehensive weight of AHP and entropy weight. Then, this article measures the digital financial risk indexes of China's major regions with high-level economic development from 2013 to 2020. Furthermore, the maximum likelihood estimates of the unknown parameters of skew-normal panel data model are obtained based on the EM algorithm, and the comparative study of the normal and skew-normal panel data models is conducted under AIC and BIC. Finally, based on the result of the model, the influence factors of digital financial risk of China's economically developed regions under COVID-19 are analyzed to provide data support for the prevention and governance of digital financial risk.