An Empirical Research Of China’s Internet Finance Development Influence On The Efficiency Of Commercial Banks

In recent years, with the outbreak of the popularity of the third-party payment, the scale of the Yu Ebao be large, P2 P net loan platform number increased fast and variety of financial products sales platform have emerged, Internet finance more and more appear in front of people. Behind the flourishing development of the Internet financial, the fact is our country commercial Bank financial services continue to be subversive, transformation. Internet banking has advanced Internet technology and thinking foundation. Compared with the traditional financial business has convenient operation, service diversity, widespread audience many advantages, in the long run, the traditional commercial banking business model will be eliminated. Therefore, China’s commercial banks to actively respond to the challenges and opportunities which is brought by the financial development of the Internet, not only to resolve the influence of Internet finance competition from, but also to strengthen their own business innovation and management ability. Recently, the practice also shows China’s commercial banks rely on the Internet, big data and cloud computing and other technical means. Put financial innovation as an important starting point for the reform and upgrade, the new normal upgrading the efficiency of commercial banks to substantive role.Although the development of Internet finance has an impact on the efficiency of commercial banks, but it still lack of the relevant theoretical and empirical research. Study on Mechanism of effect of efficiency of Commercial Bank of China’s Internet finance development, influence and the factors, it has important significance to regulate the development of Internet finance, to improve commercial banking innovation efficiency.In view of the above problems, this thesis paper combing summary domestic and foreign scholars for the influence of the development of Internet finance on the efficiency of commercial banks basis on the relevant literature, Reference functional financial theory and financial intermediary theory, innovation theory and the theory of scale economy core idea, concept and relation of the development of Internet finance and the efficiency of commercial banks are discussed, and development of Internet finance from two angle of the commercial bank innovation spillover mechanism and business impact analysis of the mechanism of the Internet Financial development’s influence on the efficiency of commercial banks. Further combined with the development of China’s Internet finance and the development of the current situation, from the perspective of financial functions, the role of China’s Internet Financial Development on the efficiency of commercial banks.Empirical analysis: with 22 commercial banks in our country as the research object, using the Malmquist index estimates the total factor productivity of China’s commercial banks and decomposition efficiency as explanatory variables, explanatory variables from reflect the state of development of Internet banking, this paper focus on the study and the data can be acquire the extent of text mining method "for reference, access to data on Internet banking, the degree of concern, using gray correlation analysis and principal component analysis method of reducing dimension synthesis of Internet finance development index. Through the regression analysis of the Internet financial development index and the total factor productivity and decomposition efficiency of commercial banks, the impact of Internet Financial Development on the efficiency of China’s commercial banks is analyzed. After the comparison of the methods of grouping, further research and analysis of the differences and reasons of the impact of Internet Financial Development on the efficiency of different types of commercial banks in china.The main conclusions of this thesis are as follow: first, the development of China’s Internet finance on the efficiency of commercial banks generally has a positive impact, on the one hand is through technological innovation spillover mechanism to promote China’s commercial banks to carry out the innovation of technology and business, bank and technological progress to promote bank efficiency enhancement; on the other hand is through the competition of the impact of bank business scale, the scale efficiency of commercial banks caused negative effects, lead to a decline in bank efficiency, but the effect of lesser degree. Second, the development of China’s Internet finance have different effects on different types of commercial bank efficiency, on the whole of joint-stock commercial banks have a positive effect of strong, positive impact on the degree of large commercial banks, city commercial banks close to. Specifically, differences in property right structure, business philosophy, management system resulted in the financial development of the Internet technology innovation spillover effect of different, performance for the development of Internet finance on the technological progress of the joint-stock banks to promote obvious effect, city commercial banks times, large commercial banks the weakest; business, customer size and stability of different, making the development of Internet finance impact on banking business scale to different extent, performance for the city firm affected the most serious, resulted in a decrease of the scale efficiency is relatively obvious.Under the sustainable development of China’s Internet finance environment, to enhance the technical innovation ability of commercial banks and reduce the negative effects of competition, this paper presents the following four suggestions: the first is to improve the concept of bank management, strengthen Internet financial innovation mechanism; second, to change the way of financial innovation, pay attention to innovation of heterogeneity, compatibility and targeted; the third is to pay attention to infrastructure construction, and create a good environment for development of Internet banking; four is to promote capital market development, speed up the Marketing Process of small and medium sized banks.