摘要
与金融科技企业合作开展创新,逐渐成为城商行等中小银行突破人才与技术桎梏、提升经营效率的主要途径。本文基于理论分析,建立起“金融科技合作创新-资产、负债和中间业务-银行效率”的影响机理框架,同时以2014—2019年城商行的数据为样本,构建多期双重差分模型,实证检验了与金融科技企业合作创新对银行效率的影响效果和影响渠道。研究发现:合作创新能够显著提高银行效率,且该结论在采用工具变量法和倾向得分匹配法控制可能的内生性问题后依然成立;异质性分析表明,赋能创新模式与共建创新模式对银行效率的影响存在显著差异,后者释放的效率提升效应更大;机制研究表明,资产端风险结构、负债端存款结构与中间业务收入结构是金融科技创新作用于银行效率的决定性机制。研究结论对于引导城商行等中小银行与金融科技企业有序合作、充分发挥合作的效率提升作用具有重要意义。
Cooperations with fintech enterprises to carry out innovation have gradually become an important way for commercial banks to break through the shackles of talents and technology and improve operating efficiency.Based on theoretical analysis,this paper establishes the impact mechanism framework of"fintech cooperative innovation,business structure evolution and bank efficiency improvement".Taking city commercial banks from 2014 to 2019 as a sample,this paper constructs a multi-stage difference in difference model to test the impact effect and channel of fintech cooperative innovation on bank efficiency.It is found that fintech cooperative innovation can significantly improve bank efficiency.This conclusion is still valid after using instrumental variable method and propensity score matching method to control possible endogenous problems.The heterogeneity analysis shows that there are significant differences in the impact of enabling innovation model and co-construction innovation model on bank efficiency,and the latter releases a greater efficiency improvement effect.The mechanism research shows that asset side,liability side and intermediary business are the decisive mechanisms for fintech innovation to affect bank efficiency.The research conclusion is of great significance to guide small and medium-sized banks such as city commercial banks to cooperate with fintech enterprises in an orderly manner and give full play to the efficiency of cooperation.
作者
房颖
叶莉
温国锋
FANG Ying;YE Li;WEN Guofeng
出处
《金融监管研究》
CSSCI
北大核心
2022年第4期17-39,共23页
Financial Regulation Research
基金
河北省社会科学基金项目“金融科技推动企业创新的路径及对策研究--基于银行业竞争与融资约束的链式中介作用”的资助,项目编号:HB20GL021。
关键词
合作创新
银行效率
金融科技企业
城商行
Cooperative innovation
Bank efficiency
FinTech enterprise
City Commercial Bank
