互联网金融提升了商业银行资本配置效率吗?——基于中国上市银行的经验证据  

Does Internet Finance Improve the Capital Allocation Efficiency of Commercial Banks?——Empirical Evidences of Chinese Listed Banks

作　　者：张庆君[1] 刘靖 

机构地区：[1]天津财经大学经济学院 [2]天津财经大学金融系

出　　处：《金融论坛》2017年第7期27-38,共12页Finance Forum

基　　金：国家社会科学基金项目"市场决定背景下金融资源错配的微观基础及治理机制研究"(15BJ L028);天津财经大学研究生科研资助计划项目(2015TCS10);天津市"131"创新型人才培养工程项目

摘　　要：通过对中国14家上市商业银行数据的分析,实证检验互联网金融对银行资本配置效率的影响。结论为:互联网金融的发展对商业银行传统业务规模存在替代效应,使贷款规模减少;互联网金融对银行资本配置效率存在负面影响,并且这一影响存在异质性,对五大商业银行的影响较高,而对其他几家商业银行影响较小。因此,商业银行需要正视互联网金融带来的冲击,适时适度的融合互联网金融技术,提升自身效率。Based on the analysis of 14 listed commercial banks in China, this paper examines the impacts of Intemet fi- nance on the capital allocation efficiency of banks. The conclusion is that the development of Internet finance has a sub- stitute effect on the traditional business scale of commercial banks, so that the scale of loans is reduced; Internet finance has a negative impact on the capital allocation efficiency of banks, and this effect is heterogeneous： the impacts on the five major commercial banks are high, but little on several other commercial banks. Therefore, commercial banks need to pay attention to the impacts of Internet finance, and integrate the Internet financial technology timely and appropriately to enhance their efficiency.

关 键 词：互联网金融 商业银行 资本配置效率 溢出效应 替代效应 

分 类 号：F724.6[经济管理—产业经济] F832