摘要
基于颠覆性创新理论和技术溢出理论,本文首先分析了金融科技对商业银行经营绩效的影响路径,然后以2011—2018年我国160家商业银行为研究样本,采用动态面板系统广义矩估计方法进行实证检验。研究发现:整体上,金融科技对商业银行的挤出效应大于技术溢出效应,进而显著降低了银行经营绩效;运用分段回归模型进一步考察金融科技与银行经营绩效的动态关系,发现随着金融科技发展水平的提高,挤出效应逐渐减弱,技术溢出效应不断增强,金融科技与商业银行经营绩效之间呈现出先抑制后促进的非线性关系;异质性分析表明,相较于大规模、全国性银行,金融科技对小规模、区域性银行经营绩效的不利冲击更为显著。本文丰富了金融科技与传统金融机构竞合互动关系的相关研究,对推进传统银行业数字化转型、充分发挥科技赋能作用具有重要的现实意义。
Based on destructive innovation theory and technology spillover theory,this paper analyzes the influence of financial technology on the business performance of commercial banks.It takes 160 commercial banks in China during 2011-2018 and uses dynamic panel system GMM method to do empirical test.The results show that:The crowding-out effect of financial technology on commercial banks is generally greater than the technology spillover effect,which significantly reduces banks’business performance.By using piecewise regression model,the paper finds that with the development of financial technology,the crowding-out effect gradually weakens and the technology spillover effect increases.Heterogeneity analysis shows that compared with large-scale and national banks,financial technology has a more significant adverse impact on the business performance of small-scale and regional banks.This paper enriches relevant research on the interaction between financial technology and traditional financial institutions.It also has great significance for promoting the digital transformation of traditional banking and giving full play to the role of science and technology.
作者
熊健
张晔
董晓林
Xiong Jian;Zhang Ye;Dong Xiaolin(College of Finance,Nanjing Agricultural University)
出处
《经济评论》
CSSCI
北大核心
2021年第3期89-104,共16页
Economic Review
基金
国家自然科学基金面上项目“金融科技背景下农村金融机构数字化发展机制与普惠效应研究”(项目编号:72073067)
国家自然科学基金面上项目“中国农村数字金融的发展机制和效应:基于实验经济的研究”(项目编号:71973064)的资助。
关键词
金融科技
银行经营绩效
挤出效应
技术溢出效应
Financial Technology
Business Performance of Banks
Crowding-Out Effect
Technology Spillover Effect
