The Influence Of Digital Economy On The Operational Efficiency Of Commercial Banks

In order to seize the opportunities of the digital economy era,the Guiding Opinions on the Digital Transformation of the Banking and Insurance Industry(Draft for Comment)proposed to accelerate the digital transformation of commercial banks.The Industrial and Commercial Bank of China has leveraged its leading position among large state-owned banks to promote digital transformation in many areas to improve operational efficiency.In order to find out the impact of digital economy on the operation efficiency of commercial banks and study how commercial banks can effectively seize the opportunities of the digital economy era to promote digital transformation and improve operation efficiency,this paper takes Industrial and Commercial Bank of China as a case,analyzes and collates the digital transformation path of commercial banks represented by it,and provides reference for commercial banks to achieve high-quality development through digital transformation.In order to systematically analyze the impact of the digital economy on the operational efficiency of commercial banks,this paper collects 40 commercial banks listed in China’s A-share market as research samples,using the super-efficiency SBM-undesirable model to calculate their operational efficiency during 2011-2020,and using the fixed effect model to carry out regression analysis and empirical test of their influence.Based on the empirical analysis results,this paper finds that digital economy can significantly promote the operation efficiency of commercial banks,with the most significant impact on large state-owned banks,while the impact on joint-stock banks is uneven.In order to further explore how commercial banks can effectively grasp the impact of the digital economy,this paper takes Industrial and Commercial Bank of China as a case for in-depth analysis.In combination with the development history of ICBC’s digital transformation,through the analysis of the relaxation variable of its operational efficiency value under the premise of constant returns to scale and the disaggregation analysis of its efficiency value under the premise of variable returns to scale,this paper finds that ICBC has mainly enriched the application scenarios of digital finance,maintained the scale of capital financing business,and built a financial cloud ecological project.To increase the scale of business to enhance the resilience to risk shocks,to achieve high-quality digital transformation to improve the efficiency of banking operations.Through empirical analysis and case study,this paper believes that commercial banks should continue to give full play to the scale effect,increase the investment in financial technology research and development and digital financial business development after the scale output efficiency reaches the effective value,take the initiative to meet the changes of the digital era,and grasp the opportunities for the development of The Times.Based on the case analysis,this paper holds that commercial banks should change their business philosophy,increase investment in digital transformation,deepen the construction of talent echelon,and actively strive for technological progress on the basis of doing a good job in scale output,in order to improve the operating efficiency of banks with high quality.