金融科技的“借船出海”战略能改善城商行盈利能力吗?——基于城商行对外合作的准自然实验研究

Can the"Borrowing Ships to Sail"Strategy of Fintech Improve the Profitability of Urban Commercial Banks——Research on Quasi Natural Experiments Based on External Cooperation Between Urban Commercial Banks

本文以2013~2019年89家城市商业银行的数据为样本,构建多期双重差分模型,研究与外部金融科技企业合作对城商行盈利能力的影响与机理。研究发现:城商行与外部金融科技企业合作后其盈利能力得到显著提升。机制分析表明:合作带来的“开源效应”与“节流效应”均是有效的。异质性分析表明:合作带来的促进效用对总部位于东部地区和已设立直销银行的城商行更加明显。

This article uses data from 89 urban commercial banks from 2013 to 2019 as samples to construct a multi-period double difference model to study the impact and mechanism of cooperation with external fintech enterprises on the profitability of urban commercial banks.Research has found that the profitability of urban commercial banks has significantly improved after collaborating with external fintech companies.Mechanism analysis shows that the"open source effect"and"throttling effect"brought about by cooperation are both effective.Heterogeneity analysis shows that the promotion effect brought by cooperation is more evident for urban commercial banks headquartered in the eastern region and with established direct sales banks.