Research On The Impact Of Digital Transformation Development On The Performance Of Listed Banks In China

In the era of digital economy,Digital transformation has become a common reform problem faced by all walks of life,and the financial industry is no exception.The leadership of emerging digital technologies has driven innovation in financial market products and services,giving birth to a group of digital technology companies whose scale and technological strength cannot be ignored.The Financial innovation driven by such technology undoubtedly brings great challenges to commercial banks.Therefore,commercial banks must re-examine their positioning to adapt to the environmental changes of Digital transformation and conform to the trend of development.At present,China’s commercial banks are actively promoting digital construction,using various technical means of Digital transformation to improve the digital level of banks,and accelerating the implementation of Digital transformation.This paper selects 16 listed banks in China that meet the conditions as the research object,collects relevant research data of sample banks in the ten years from2012 to 2021,uses the literature research method,theoretical analysis method and empirical analysis method,and based on economic theories such as Financial innovation,technology spillover effect,Platform economy and process reengineering,analyzes the situation of Digital transformation of banks in China,respectively from the channel mechanism The process mechanism and product mechanism explain the propagation path and mechanism of influence from three levels.On this basis,the fixed effect model and Mesomeric effect model are used to empirically test the impact of the development of Digital transformation on the performance of China’s listed banks,and the heterogeneity analysis is conducted from the perspective of bank asset size.The research finds that: first,the development of Digital transformation has significantly improved the comprehensive performance of China’s listed banks;Second,Digital transformation improves the proportion of non interest income through the non interest income side of the bank,thus improving the comprehensive performance of the bank;Third,the Digital transformation will also affect the interest income side of the bank,reducing the bank’s net interest margin.Under this transmission path,the net interest margin is negatively correlated with the bank’s comprehensive performance;Fourth,through the heterogeneity analysis,it is concluded that the development of Digital transformation has a more significant impact on bank performance than that of large state-owned banks.According to the research conclusions,corresponding suggestions are put forward from two aspects of commercial banks themselves and government departments: commercial banks should pay more attention to channel,process and product design in Digital transformation;In the process of Digital transformation,attention should be paid to the impact of non interest income;Commercial banks should formulate corresponding Digital transformation strategies according to their own asset scale characteristics;The government departments should increase the support and encouragement for the Digital transformation of commercial banks to provide a more open and inclusive business environment for commercial banks;Relevant departments should strengthen the supervision and evaluation of Digital transformation of banks.