Research On The Technology Spillover Effect Of Internet Finance On Commercial Banks

In recent years,information technology and Internet technology have become more and more mature.Internet finance is born in the combination of these technologies and financial scenes.Various forms of Internet finance,such as third-party payment,online loan and online financial management,have gradually become indispensable elements in People’s Daily life.These new financial models have greatly lowered the "threshold" of finance.Finance is no longer unique to the elite.Ordinary people can also more and more conveniently enjoy the efficient,convenient and diversified service experience brought by Internet finance.Bring convenient Internet finance to the public at the same time,also some flutter in the field of traditional financial,such as the Internet financial in such aspects as lending to third-party payment and the network has been preempted the first-mover advantage of the market,led to the traditional commercial bank in the payment and settlement and microfinance user loss is very serious,profit space is being squeezed from the related business.However,the product innovation,service innovation and management innovation ideas of Internet finance also provide the direction for the innovation of traditional commercial Banks in the new environment.Internet finance is both an opportunity and a challenge to the future development of commercial Banks.To clarify the relationship between the two is conducive to the transformation of commercial Banks and the stable and healthy development of the financial market.In this paper,the combination of theoretical and empirical research methods,first based on technology spillover theory,analysis of the Internet finance on the efficiency of commercial Banks.Then Malmquist model and text mining method were used to measure the total factor productivity and Internet financial development index of commercial Banks.Based on the statistical data from 2008 to 2017,using the panel regression model on the Internet technology spillovers to commercial bank financial empirical test,the following two conclusions: Internet financial technology spillovers through to commercial Banks has brought positive effects and different types of absorptive capacity of technology spillovers of different commercial Banks,city commercial Banks to the absorptive capacity of technology spillovers,the strongest followed by a joint-stock commercial Banks,the last is the state-owned commercial bank.Finally,the results of theoretical research and empirical model are analyzed,and some Suggestions are put forward from the perspective of commercial Banks and relevant government departments.