互联网金融对商业银行的影响:“替代还是互补”?——基于协同度理论模型的研究

Study on the Influence of Internet Banking on Commercial Banks:“Alternative or Complementary”——Based on the Model of Synergy Degree

互联网金融的蓬勃发展对传统商业银行发展造成的影响引起广泛关注,两者之间到底是互补还是替代关系?本文基于协同度理论模型,利用2013、2014年的数据,计算了两者之间的协同度,结果发现:整体上,互联网金融对商业银行形成竞争关系,互联网金融的发展在资金价值链上下游的负债业务、中间业务和资产业务这三大业务对商业银行形成替代。在分地区上,仅有北京、上海、江苏、浙江和广东这5个地区两者之间的协同度为正,但是整体程度不高;其余地区的协同度都为负。这表明互联网金融对商业银行形成了替代,这一结论具有明确的政策含义。

With the rapid development of internet banking, which the impact to traditional commercial banks has caused wide attention. Based on synergy theory model, using the data in 2013 and 2014, the synergy between the two is calculated. The results show that from the whole, the Internet banking substitution for the commercial banks, the Internet banking replace commercial banks in the financial value chain of the debt business, intermediate business and assets business . Only Beijing, Shanghai, Jiangsu, Zhejiang and Guangdong in the five regions are positive, but the overall level is not high, and the rest are negative, which indicates that the Internet compete to the commercial banks . This conclusion has clear pohcy imphcations.