The Research On The Influence Of Internet Finance On The Innovation Ability Of Chinese Commercial Banks

In recent years,thanks to the progress of Internet technology and the support of the government level,and the active promotion of Internet giants such as BATJ,Internet finance has made rapid development,but also has a profound impact on the traditional financial industry.Among them,the impact on commercial banks is the most obvious.Internet finarncial institutions have seized the "long tail" market of commercial banks and constantly eroded the financial business of commercial banks,shunted deposits and loans of commercial banks and customer groups,and brought great challenges to commercial banks.At the same time,Internet financial enterprises have also brought advanced financial concepts and Internet technology to commercial banks,and brought new opportunities and new financial risks to the development of commercial banks.But at present,few scholars have studied how Internet finance acts on the innovation ability of commercial banks.In the existing literatures,the action mechanism of the influence of Internet Finance on the innovation ability of commercial banks is relatively weak.Under this background,in order to explore the impact of Internet finance on the innovation ability of commercial banks.Firstly,this paper defines the concepts of Internet Finance and innovative ability of commercial banks,also analyses the theoretical basis of Internet finance at the present stage,reviews the relevant literature on the impact of Internet Finance on commercial banks and their innovative capabilities.They lay a theoretical foundation for this paper,and also provide a theoretical basis for the follow-up model construction.Secondly,it analyses the main modes and the development trend of Internet finance at present,and explores the causes of the impact of Internet Finance on the innovative ability of commercial banks from macro and micro levels,and analyses the impact of Internet finance on the innovation ability of commercial banks from three ways:Internet finance concept,Internet finance technology spillover and Internet finance risk.Preliminarily conclusions of this study are drawn.Finally,empirical analysis,this paper extracts the 24-quarter data of 16 listed commercial banks in China from 2012 to 2017 as samples,and constructs a panel model to measure the impact of the development of Internet Finance on the innovation ability of commercial banks.The research finds that:(1)The development of Internet finance has a positive impact on the improvement of innovation ability of commercial banks at this stage.(2)Different types of commercial banks show different innovative abilities in the face of the impact of Internet finance.Among them,joint-stock commercial banks have the strongest innovative ability in intermediary business,city commercial banks take second place,and state-owned banks have the worst innovative ability.