| This paper reviews the influence mechanism of digital transformation on commercial banks,takes 41 Chinese commercial banks from 2016 to 2021 as samples,constructs the digital transformation index of commercial banks from the dimensions of cognition,organization and product,and uses SFA stochastic frontier model to measure the efficiency of commercial banks.Finally,the paper empirically examines the impact of digital transformation on the efficiency of commercial banks.The empirical results show that: firstly,the digital transformation is manifested as the comprehensive change of cognition,organization and product,and has a direct promoting effect on the efficiency of commercial banks.Secondly,digital transformation indirectly affects the efficiency of commercial banks by influencing decision-making mechanism and income structure mechanism.The mediation effect test shows that the decision-making mechanism has masking effect,which exposes the shortcomings of the current digital transformation in data governance and intelligent risk control.At the same time,the income structure mechanism has a partial intermediary effect.The digital transformation further improves the efficiency of commercial banks by maintaining the development of core deposit and loan business and increasing interest income.Finally,the driving effect of digital transformation has a heterogeneous effect on different types of commercial banks.Joint-stock banks have the first-mover advantage,and digital transformation plays a strong role in promoting the efficiency of commercial banks.State-owned banks rely on talent and capital advantages to carry out digital transformation,and play a driving role second only to joint-stock banks.Based on the above empirical results,this paper proposes specific countermeasures and suggestions for commercial banks,such as deepening digital cognition,flexibly adjusting organizational structure,and actively promoting financial product innovation. |
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