The Effects Of Internet Finance On Commercial Banks Efficiency

In the recent years, the development speed of the internet finance growth rapidly. The development directly led the change of Chinese financial industry. Commercial bank is the most important part of Chinese financial market.The operational efficiency related to the operational efficiency of financial market and economic. Based on the background above, this paper studies whether the development of the Internet financial will affect the efficiency of commercial banks and then analysis the principle of impact. By researching the affect, we can not only understand the status of the operating efficiency of Chinese commercial banks, but also provide advice for commercial banks of how to response the impact of the Internet financial. Therefore, it is of great significance for the development of Chinese commercial banks.Combined with finance, monetary banking and related theoretical system, using the panel data of the 13 listed commercial banks whose assets nearly account for eighty percent of banking system. Using DEA method to measure the efficiency of commercial Banks. Then, set up GMM dynamic panel data model, measuring the impact of the Internet financial of the commercial banks'efficiency.The first chapter is the prolegomenon. After introducing the topic background and research meaning, paper proposing the possible contribution in the field of research. The second chapter is the review part, summarize the research about the Internet financial and the efficiency of commercial banks,and introduce the research methods of this paper. The third chapter analyzes the mechanism of how the Internet financial technology influence the commercial bank. The fourth chapter and the fifth chapter establish model to measure the efficiency, and verify how the Internet financial impact on the effiency. Chapter six summarizes the result, and give some suggestions and measuresThe main conclusions of this paper are as follows:First,the technical efficiency, pure technical efficiency of Chinese commercial Banks from 2007 to 2014 is in a growth trend. BOC had the highist efficiency performance of the state-owned commercial Banks. ABC had the lowist efficiency performance. Technical efficiency of the shareholding commercial banks are above the average.Second, the total factor productivity efficiency of Chinese commercial Banks during 2007 to 2014 also keep growing. The technological progress index are the main factor influencing the Malmquist index level.Third, the Internet financial pay influence the efficiency of commercial banks from the intermediate level, the credit intermediary level technical level and the network.Fourth, the financial development of the Internet was impacted by the technology spillover effect. It strongly improved the Malmquist total factor productivity efficiency of the commercial banks.