Research On The Impact Of Internet Finance On Commercial Banks’ Innovation Ability

In recent years,with the continuous improvement of the level of Internet information technology,Internet finance has developed rapidly due to its efficient operating efficiency,low transaction costs,low participation threshold and other advantages and related policy support.It is becoming more and more common for Internet companies to carry out cross-industry strategic cooperation with other industries,bringing new financial needs to the financial market,diverting many customer resources of commercial banks,and squeezing the profit space of commercial banks.Traditional business models and operating performance have been greatly impacted.The development of Internet finance has triggered the “catfish effect” of the financial industry.Commercial banks have to reexamine themselves,actively face the challenges of Internet finance,innovate in products and institutional arrangements,accelerate the transformation of banks’ Internet-based business models,and increase differences It has become a driving force for commercial banks to innovate and reform their business models in order to adapt to the Internet era.Under this background,studying the impact of Internet finance on the innovation capabilities of commercial banks has certain reference value for the transformation of China’s commercial banks’ business model and optimizing the future development path of the banking industry.This article first elaborates the background and significance of the research,summarizes the research literature on Internet finance and commercial bank innovation,and clarifies the research ideas and research content.Then,I conducted a theoretical analysis on the impact of Internet finance on commercial banks’ innovation ability.On the one hand,I introduced the relevant theoretical basis,including financial intermediary theory,platform economic theory,long tail economic theory and financial innovation theory;on the other hand,from Bringing new business models,influencing the market position of commercial banks,and bringing in new service concepts have made a further analysis of the impact mechanism of Internet finance on commercial banks’ innovation capabilities.Then,according to the relevant data,it analyzes the development status and development trend of Internet finance to the innovation ability of commercial banks.Then,this paper selects the relevant data of 47 commercial banks from 2009 to 2018,and categorizes them according to the background of 47 commercial banks and the economic regions in which they are located.The impact of commercial banks ’ innovation capabilities in economic regions.The results show that:(1)The development of Internet finance has a positive relationship with the overall commercial bank’s innovation ability.(2)State-owned banks are affected by factors such as state control,large assets,and many constraints,which have caused a negative relationship between Internet finance and itsinnovation capabilities.The development of Internet finance has a positive impact on joint-stock banks’ innovation capabilities.(3)The development of Internet finance has different impacts on the innovation capacity of urban commercial banks in different economic regions.It promotes the innovation capacity of urban commercial banks in economically developed regions,but hinders the innovation capacity of urban commercial banks in economically underdeveloped regions.effect.Therefore,commercial banks with different holding backgrounds and economic regions should fully recognize their own advantages and disadvantages,accurately target their own market positioning,optimize business models,improve service levels,and carry out business innovation "according to local conditions" to cope with the impact of Internet finance.Finally,the full text is summarized,and according to the empirical analysis results,some policy suggestions on how to improve the innovation ability of commercial banks from the micro and macro levels are put forward.