Empirical Study On The Impact Of Internet Finance On Commercial Banks’ Efficiency

Since the birth of "Ali small loan" which are the representative of the network lending and Internet money fund,Internet finance is developing rapidly.On the one hand,the development of Internet finance reduces the deposit of commercial banks,exacerbated the financial disintermediation,and increase commercial banks’ operating costs,which has a negative impact on commercial banks.On the other hand,China’s commercial banks have strong learning ability,and welcome the new technology and new ideas.Internet finance has brought technology spillovers to commercial banks.Advanced technology and excellent ideas from Internet finance are absorbed by commercial banks,which have positive influence on the technical innovation and business upgrade for commercial banks.This paper selects the data of 44 commercial banks from 2008 to 2015,taking the relationship of competition and integration between Internet Finance and commercial banks as the starting point,this paper study the following questions.The first aspect is the impact and impact mechanism of internet finance on the efficiency of commercial Banks.The other is whether the type of commercial banks has an impact on the relationship between internet finance and commercial banks’ efficiency.The empirical results show that Internet finance has promoted the efficiency of commercial banks.Internet finance bring technology spillovers to commercial banks.And Internet finance has a positive impact on the Technical progress index of commercial banks,but has no significant effect on the improvement of the Pure technical efficiency and economies of scale.Compared with the small and medium-sized banks,Internet Finance have much positive on the improvement of large commercial banks’ efficiency...