互联网金融对商业银行盈利能力及风险影响的实证研究
发布时间：2018-10-15 09:56
【摘要】：近年来,在利率市场化政策背景下及金融互联网化的大趋势下,众筹、网络贷款、互联网理财产品销售和移动支付等金融产品改变了人们的生活消费方式。互联网金融以高效、交易成本低、便利以及多样化的金融产品等优势获得了大批投资者的青睐。面临互联网金融的冲击及利率市场化改革,商业银行的资金成本上升,依靠利差来“坐等获利”的传统盈利方式在悄然改变。这一系列的变革和冲击,迫使银行缩小利差、拓展中间业务和寻求更高的贷款利率,也促进了商业银行转型升级、创新服务于产品,以巩固自身的金融地位。在此背景下,我国商业银行的盈利能力以及风险性将受到怎样的影响,互联网金融的出现,是否会促进我国金融业的改革,且目前互联网金融对商业银行影响的研究尚未得出一致性结论,因此对互联网金融与商业银行之间关系的研究十分有必要,本文将通过理论与实证研究结合的方式来分析上述问题。本文首先在现有研究的基础上,回顾了互联网金融与传统金融以及互联网金融对商业银行经营能力、破产风险及不良贷款风险影响的相关文献,继而阐述了互联网金融的理论支持、商业模式、盈利模式。通过梳理互联网金融对商业银行资产项、负债项、中间业务收入产生的影响,从而提出了以银行盈利能力ROA、破产风险及不良贷款风险为被解释变量,采用个体固定效应回归模型,实证研究互联网金融对商业银行会的影响是正面还是负面。本文以我国11家上市商业银行2007-2014年的数据为样本,实证结果显示,在盈利能力方面,互联网金融的发展对商业银行ROA指标产生了显著负向影响,即面对互联网金融的冲击,商业银行的盈利能力下降。在风险管理方面,互联网金融的发展对商业银行破产风险和不良贷款风险均为正向显著性影响,即互联网金融的发展加剧了银行的破产风险,降低了不良贷款风险。以上结论不仅能使我国商业银行更好地理解互联网金融对其盈利能力及风险性的影响程度,而且有助于商业银行从两者之间的数量关系中挖掘出有价值的信息,以更好的把握机会进行转型升级。
[Abstract]:In recent years, under the background of interest rate marketization policy and the trend of financial Internet, financial products such as crowdfunding, network loans, Internet financial products sales and mobile payment have changed the way people live and consume. Internet finance is favored by a large number of investors because of its high efficiency, low transaction cost, convenience and diversified financial products. Facing the impact of Internet finance and the reform of interest rate marketization, the capital cost of commercial banks is rising, and the traditional profit way of relying on interest rate difference to "wait for profit" is quietly changing. This series of changes and shocks, forcing banks to narrow the spread of interest, expand intermediary business and seek higher lending rates, but also promote the transformation and upgrading of commercial banks, innovation in the service of products, in order to consolidate their financial position. In this context, how the profitability and risk of commercial banks in China will be affected, whether the emergence of Internet finance will promote the reform of our financial industry, At present, the research on the impact of Internet finance on commercial banks has not reached a consistent conclusion, so it is necessary to study the relationship between Internet finance and commercial banks. This paper will analyze the above problems through the combination of theoretical and empirical research. Based on the existing research, this paper reviews the influence of Internet finance, traditional finance and Internet finance on commercial banks' management ability, bankruptcy risk and non-performing loan risk. Then elaborated the Internet finance theory support, the business model, the profit pattern. By combing the influence of Internet finance on commercial bank assets, liabilities and intermediate business income, this paper puts forward that the bank profitability, ROA, bankruptcy risk and non-performing loan risk are the explanatory variables. By using the individual fixed effect regression model, this paper empirically studies whether the impact of Internet finance on commercial banks is positive or negative. Based on the data of 11 listed commercial banks in China from 2007 to 2014, the empirical results show that the development of Internet finance has a significant negative impact on the ROA index of commercial banks in terms of profitability, that is, facing the impact of Internet finance. The profitability of commercial banks has declined. In the aspect of risk management, the development of Internet finance has a positive and significant impact on the bankruptcy risk and non-performing loan risk of commercial banks, that is, the development of Internet finance intensifies the bankruptcy risk of banks and reduces the risk of non-performing loans. The above conclusions can not only make our commercial banks better understand the impact of Internet finance on their profitability and risk, but also help commercial banks dig out valuable information from the quantitative relationship between them. To better grasp the opportunity for transformation and upgrading.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F830.42;F832.33;F724.6
，
本文编号：2272171
[Abstract]:In recent years, under the background of interest rate marketization policy and the trend of financial Internet, financial products such as crowdfunding, network loans, Internet financial products sales and mobile payment have changed the way people live and consume. Internet finance is favored by a large number of investors because of its high efficiency, low transaction cost, convenience and diversified financial products. Facing the impact of Internet finance and the reform of interest rate marketization, the capital cost of commercial banks is rising, and the traditional profit way of relying on interest rate difference to "wait for profit" is quietly changing. This series of changes and shocks, forcing banks to narrow the spread of interest, expand intermediary business and seek higher lending rates, but also promote the transformation and upgrading of commercial banks, innovation in the service of products, in order to consolidate their financial position. In this context, how the profitability and risk of commercial banks in China will be affected, whether the emergence of Internet finance will promote the reform of our financial industry, At present, the research on the impact of Internet finance on commercial banks has not reached a consistent conclusion, so it is necessary to study the relationship between Internet finance and commercial banks. This paper will analyze the above problems through the combination of theoretical and empirical research. Based on the existing research, this paper reviews the influence of Internet finance, traditional finance and Internet finance on commercial banks' management ability, bankruptcy risk and non-performing loan risk. Then elaborated the Internet finance theory support, the business model, the profit pattern. By combing the influence of Internet finance on commercial bank assets, liabilities and intermediate business income, this paper puts forward that the bank profitability, ROA, bankruptcy risk and non-performing loan risk are the explanatory variables. By using the individual fixed effect regression model, this paper empirically studies whether the impact of Internet finance on commercial banks is positive or negative. Based on the data of 11 listed commercial banks in China from 2007 to 2014, the empirical results show that the development of Internet finance has a significant negative impact on the ROA index of commercial banks in terms of profitability, that is, facing the impact of Internet finance. The profitability of commercial banks has declined. In the aspect of risk management, the development of Internet finance has a positive and significant impact on the bankruptcy risk and non-performing loan risk of commercial banks, that is, the development of Internet finance intensifies the bankruptcy risk of banks and reduces the risk of non-performing loans. The above conclusions can not only make our commercial banks better understand the impact of Internet finance on their profitability and risk, but also help commercial banks dig out valuable information from the quantitative relationship between them. To better grasp the opportunity for transformation and upgrading.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F830.42;F832.33;F724.6
，
本文编号：2272171
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