Research On The Impact Of Digital Finance On The Total Factor Productivity Of Commercial Banks

With the development of digital technologies such as big data and cloud computing,the suitability of digital technology and financial services has gradually emerged.In this context,a digital financial system is formed by integrating communication information technology and financial services,which is centered on bank financial institutions,supported by Internet enterprises and supplemented by non-bank financial institutions.Digital technology as the foundation,the development of financial implements the mode of traditional financial services a breakthrough of time and distance,digital out of contact of the financial service in the new global champions during the outbreak has been further development,and in the outbreak,the user will be using the non-contact financial services,further accelerate financial digital transformation.On the one hand,the development of digital finance brings opportunities to the development of commercial banks.Commercial banks can realize technological upgrading and complete digital transformation by using digital finance.On the other hand,the rise of digital finance encourages new digital finance companies to enter the market,and the user groups in the traditional business of commercial banks are constantly divided,and the market share is gradually reduced.In this context,for commercial banks,it is worth exploring whether the development of digital finance has a positive promoting effect or a negative inhibiting effect on the total factor productivity of commercial banks.Based on this,this paper selects 35 commercial banks as research samples,and takes 2011-2020 as the research interval for empirical analysis.Firstly,the total factor productivity of sample banks is calculated by DEA-Malsquit model and the digital financial index of each bank is weighted.Secondly,two dynamic models are constructed to test the mechanism of digital finance affecting bank total factor productivity,namely,the substitution effect and technology spillover effect of digital finance are tested respectively,and the heterogeneity test and robustness test are done.The following conclusions are drawn:(1)digital financial development initial period,the commercial bank’s assets,liabilities and intermediary business to produce alternative,resulting in negative influence,when digital financial levels increase to a certain extent,as commercial Banks,and digital financial enterprises started from pure competition to competition relations,through technology and personnel flow of a positive impact on commercial Banks,In other words,digital finance has a nonlinear effect on the total factor productivity of commercial banks,which first inhibits and then promotes.(2)The impact of digital finance on different types of banks is heterogeneous.Through the analysis,it can be seen that the impact of the development of digital finance on small-scale regional banks is more obvious,and among regional banks,rural commercial banks are more obvious.Finally,from the digital financial enterprises,commercial banks and the government level of three main countermeasures and suggestions.Figure 14 Table 19 Reference 87...