Analysis Of The Impact Of Internet Finance On The Technical Efficiency Of My Country's Commercial Banks

In recent years,various Internet financial products such as third-party payment,network management,and P2P online loan have emerged one after another.The development of Internet finance has affected consumers' consumption habits and payment methods to a certain extent.It has also had a huge impact on the traditional financial industry.In the context of the development of Internet finance,Chinese commercial banks have to face the diminishing scale of deposits and loans,the reduction of customer scale,the reduction of profits,etc.If commercial banks do not make timely adjustments to traditional businesses,they will inevitably be fierce with Internet finance and be eliminated by the market.Therefore,how to deal with the new requirements of Internet finance for financial products and services,grasp the opportunities brought by Internet finance,and improve the management level is an urgent problem for commercial banks in China.Based on this,the article firstly combs the domestic and foreign scholars'research on the development of Internet finance,the efficiency measurement of commercial banks and the relationship between them.Then it discusses the meaning,classification and mainstream measurement methods of commercial banks' technical efficiency,then compares and selects the three-stage DEA method as the basis of evidence.Discuss the characteristics,modes and actual development of Internet finance,and analyze the theoretical basis,motivation and constraints of Internet finance development.Furthermore,starting from the characteristics and reality of Internet finance development,it analyzes the possible impact of Internet financial innovation on the efficiency of commercial banks from four aspects:competition,demonstration,talent mobility.Sixteen commercial banks in China were selected as research objects to measure the technical efficiency of various commercial banks from 2009 to 2016 and analyze them.Using the panel Tobit model and the SFA method,we study the impact of various Internet financial development factors on commercial banks.Compared with the changes in the technical efficiency of commercial banks before and after the development of Internet finance,this paper analyzes the direction and influence of the development of Internet finance on the technical efficiency of commercial banks in China.The study found that,firstly,the current technical efficiency of Chinese commercial banks is good.There are differences between the technical efficiency and the decomposition efficiency of commercial banks of different scales,and the large-scale commercial banks have high technical efficiency and scale efficiency.Secondly,the development of Internet finance has generally improved the technical efficiency of commercial banks,and the positive impact of the efficiency of small and medium-sized commercial silver technology is relatively obvious.Thirdly,from the perspective of specific Internet financial models,some Internet financial factors have impacted commercial banks.The expansion of third-party payment and online loan scale has led to the decline of technical efficiency of commercial banks,and some of them have helped improve the operational capacity of commercial banks.The expansion of online banking has a positive impact on the technical efficiency of commercial banks.Fourth,Chinese commercial banks currently have problems with redundant resource allocation and unreasonable scale level.Therefore,Chinese commercial banks need to improve the innovation mechanism,strengthen the construction of network platforms,strengthen channel construction,pay attention to the application of network technology in business operations.Besides clarify business objectives,change business thinking,attach importance to personnel training,and actively integrate into the environment of Internet finance development is also important.