An Empirical Study On The Effect Of Internet Finance On The Efficiency Of China's Commercial Banks

In April 1997,China Merchants Bank,online banking services in China;in December 2004,the mobile payment business has become the world's largest Alipay relying on e-commerce and the Alibaba in August 2007,has been officially launched;began operations in NYSE listed pat loans,pull out the P2 P net loan in the prelude to the development of our country.Internet banking,third party payment,P2 P net loan,Internet finance plays a more and more important role in the economic and social operation of our country.This article from the concept of Internet financial nature,think that it is the traditional financial function to enhance the efficiency of the financial industry development process,specifically the evolution of financial industry will go through three stages: the birth of cross-border integration of new things;"competing new" and "old";the formation of new financial formats.Now the financial industry is still at the second stage: the traditional financial model to private capital leading Internet financial model and commercial banks dominated the communion stage,and the fusion results of two kinds of financial mode competition in the same format of the theory is the inevitable result of the promotion of financial efficiency,but the fact is the case?In view of this,this paper studies the above problems through two aspects of theory and reality,the specific contents include: first,summarize the development model summary financial format of the Internet(the third party payment,P2 P net loan,all the chips),through different modes of discussion to explore in the financial function of the Internet financial enterprises of commercial banks;second,the Internet financial industry based on the description,from the impact of payment,lending,financing,channel four dimension analysis of Internet Banking for commercial banks,on the basis of technology spillover theory to explain the efficiency of commercial banks increase.Third,the Internet financial analysis leads to the efficiency of commercial banks to enhance the impact,using empirical research methods firstly,through combing the scholars on this issue by the selection of "text mining method" to construct the Internet financial development index evaluation system,access to relevant data using the Baidu search engine,and finally take "the maximum and minimum standard method.The numerical results can be standardized;secondly,selected 23 commercial banks operating in the 2004-2016 years of data,estimates the total factor productivity by using non parametric DEA-Malmquist method;finally,GMM test showed that the technology spillover of the Internet has brought financial development significantly enhance the efficiency of commercial banks.