A Research On The Impact Of Internet Finance On The Efficiency Of Commercial Banks

In recent years,Internet finance has developed rapidly and has become an important force to promote high-quality economic development in China.The rapid development of Internet finance has brought great impact to commercial banks.On the one hand,Internet finance has occupied the market of some commercial banks,squeezed their profit margins,and has a competitive effect.On the other hand,Internet finance has technology spillover effect.Under the influence of Internet finance,commercial banks began to innovate and carry out digital transformation.However,the current research has no clear conclusion on whether Internet finance has more positive or negative impacts.This paper discusses the following issues: First,will the rapid development of Internet finance affect the efficiency of commercial banks?Secondly,is there heterogeneity in this kind of influence? Finally,how does Internet finance affect the efficiency of commercial banks? Does the degree of digital transformation of commercial banks play an intermediary role in the path of Internet finance affecting the efficiency of commercial banks?The research contents of this paper are as follows:Dynamic game analysis of internet finance promoting the efficiency of commercial banks.This chapter analyzes the decision-making and market competition equilibrium solution of Internet finance and commercial banks in three different stages of marketization development by building a Hotelling model.The results show that: first,Internet finance has a great competitive effect when entering the market,which reduces the efficiency of commercial banks;Second,after Internet finance entered the market for a period of time,commercial banks were forced to innovate and carry out digital transformation;Third,Internet finance and commercial banks conduct differentiated competition after long-term competition.Based on the above analysis,this paper puts forward research assumptions.Measure the efficiency of commercial banks in the context of the development of Internet finance.This chapter selects the panel data of 25 commercial banks from 2013 to 2020 as the sample,uses DEAP2.1 and FRONTIER4.1 software to calculate the efficiency values of the first,second and third stages of commercial banks,and compares the efficiency values of the first and third stages calculated.It can be found that the efficiency values calculated by using the three-stage DEA model are more objective and accurate than those calculated by using the traditional DEA model.In addition,by analyzing the efficiency value measured in the third stage,it can be found that the overall efficiency of China’s commercial banks showed a steady upward trend from 2013 to 2020.Metrological analysis of the impact of Internet finance on the efficiency of commercial banks.First of all,this chapter selects the panel data of 25 commercial banks from 2013 to 2020 as the sample.Secondly,this chapter This chapter selects Tobit model for analysis.Thirdly,in order to ensure the robustness and reliability of the results,this chapter builds a double fixed effect model based on the Hausman test results,and replaces the core explanatory variable with the third-party payment scale for robustness test.Then,this chapter classifies 25 commercial banks according to ownership form,asset scale and business innovation ability,and analyzes the heterogeneity.Finally,this chapter constructs a model of intermediary effect,and analyzes whether the degree of digital transformation of commercial banks has intermediary effect.The empirical research results show that the development of Internet finance can promote the efficiency of commercial banks,and this promotion effect is heterogeneous.At the same time,it can be found that the digital transformation of commercial banks has some intermediary effects in the process of Internet finance promoting the efficiency of commercial banks.The overall research conclusions of this paper include: First,Internet finance has a positive impact on the efficiency of commercial banks.Second,the degree of digital transformation of commercial banks is positively related to the efficiency of commercial banks.The deeper the degree of digital transformation of commercial banks,the higher the efficiency of commercial banks.Third,this effect is heterogeneous.It has different impacts on commercial banks with different ownership structures,asset sizes and business innovation capabilities.Commercial banks with larger asset sizes and stronger business innovation capabilities are more affected.Fourth,the degree of digital transformation of commercial banks has played an obvious intermediary role in the process of Internet finance affecting the efficiency of commercial banks.The development of Internet finance will first promote the digital transformation of commercial banks,and then improve efficiency.Based on the above analysis conclusions,this paper puts forward the following research suggestions: First,relevant departments should give full play to their guiding role to promote win-win cooperation between Internet finance and commercial banks.Second,commercial banks should take the initiative to innovate,strengthen the application of Internet information technology,accelerate the completion of digital transformation,and improve their own efficiency.Third,different banks should take different measures according to their own characteristics when facing the rapid development of Internet finance.