基于 2011-2019 年我国省级面板数据，采用熵权法合成区域金融风险综合指标，对金融集聚对区域金融风险的影响效果进行实证检验，并采用中介效应模型分析金融集聚对区域金融风险的作用机制。结果表明：从全国范围来看，金融集聚会加剧区域金融风险的形成；从分地区回归来看，随着金融集聚水平的增加，对区域金融风险的加剧作用逐渐降低；随着西、中、东部金融集聚水平的增加，对区域金融风险形成的加剧作用逐渐降低；其中在东部地区，高集聚水平会对区域金融风险产生抑制作用；进一步研究发现，技术创新在金融
集聚对区域金融风险影响的过程中具有 22.35%中介效应。
Based on China忆s provincial panel data from 2011 to 2019, the entropy method is used to synthesize comprehensive indicators of regional financial risks, to empirically test the impact of financial agglomeration on regional financial risks, and to analyze the mechanism of financial agglomeration on regional financial risks by using an intermediary effect model. The results show that: from a national perspective, financial gatherings intensify the formation of regional financial risks; from the perspective of regional regression, as the level of financial agglomeration increases, the effect of aggravating regional financial risks gradually decreases; as the level of financial agglomeration in the western, central and eastern regions increases, the effect of aggravating regional financial risks gradually decreases; among them, in the eastern region, high levels of agglomeration will have a restraining effect on regional financial risks; further research found that technological innovation has an intermediary effect of 22.35% in
the process of financial agglomeration忆s impact on regional financial risks.
