互联网金融对商业银行的双面影响

Double influence of internet finance on commercial banks

从核心业务和综合效率2个层面细致地分析互联网金融对商业银行的影响。在核心业务层面,通过逐个分析互联网金融对商业银行3大核心业务的影响,探究互联网金融对商业银行盈利状况的影响程度;在效率层面,通过建立向量自回归模型分析互联网金融对商业银行综合效率的影响,并进一步通过脉冲响应函数分析其影响的方向及其时滞特征。研究结论表明,互联网金融对商业银行的影响是双面的:在核心业务方面,互联网金融通过蚕食商业银行的市场份额,削弱其垄断地位和竞争优势,减少其利润,对其经营带来了负面影响;与此相反,在效率方面,互联网金融对商业银行的综合效率具有显著的正向冲击,互联网金融通过倒逼机制提升商业银行的综合效率,对其经营产生了正向影响。

From the two aspects of the core business and comprehensive efficiency, the influence of Internet finance on commercial banks is analyzed. In terms of core business, we analyze the impact of the Internet finance on commercial banks＇ three core business one by one, in order to explore the impact of Internet finance on profitability of commercial banks. In terms of efficiency, the paper analyzes the impact of Internet finance on comprehensive efficiency by establishing a vector autoregressive model, and probes into the direction and time delay characteristics of the impact by impulse response function. The conclusions show that the influence of Internet finance on commercial banks is two-sided ： in terms of the core business, Internet finance brings a negative impact on commercial banks by eroding their market share ,weakening their monopoly position and competitive advantage, and reducing their profit;on the contrary, in terms of the efficiency, Internet finance has a significant positive impact on the comprehen- sive efficiency of commercial banks, which enhances the comprehensive efficiency through forced mechanism with a positive impact on the operation of commercial banks.