金融科技是否改变了中国传统银行的市场力量?

IF 2.6 3区 经济学 Q1 Business, Management and Accounting
Hanying Qi, Ken Yang, Weijia Wang
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引用次数: 1

摘要

本研究评估了金融科技(FinTech)的发展对传统银行市场力量的影响。我们基于进入壁垒理论分析了金融科技公司与传统银行之间的关系,并利用2013-2018年155家中国商业银行的面板数据验证了所得假设。基准结果表明,金融科技对银行的市场支配力具有显著的u型效应。此外,当我们关注影响银行的技术和业务创新渠道时,u型效应仍然强劲。这些影响在不同所有权结构和业务部门的银行之间有所不同。具体而言,市政商业银行更容易受到业务创新的影响,而不是技术创新的影响。相比之下,国有银行在利用技术创新通过贷款服务重新获得市场支配力方面具有优势。与此同时,在金融科技公司的激烈竞争下,私人银行难以获得任何市场支撑力。鉴于金融科技在某些发展阶段可能会使一些银行过度主导银行业,监管机构和从业者需要防止垄断相关问题,推动中小银行的数字化转型。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
DOES FINTECH CHANGE THE MARKET POWER OF TRADITIONAL BANKS IN CHINA?
This study assesses the impact of the development of financial technology (FinTech) on the market power of traditional banks. We analyze the relationship between FinTech companies and traditional banks based on the barriers-to-entry theory, and verify the resulting hypothesis by using panel data from 155 Chinese commercial banks from 2013–2018. The benchmark results show that FinTech has a significant U-shaped effect on the market power of banks. Furthermore, the U-shaped effects remain robust when we focus on the technology and business innovation channels that affect banks. These effects vary across banks with different ownership structures and business segments. Specifically, municipal commercial banks are more likely to be influenced by business innovation than by technological innovation. By contrast, state-owned banks have advantages in using technological innovation to reacquire market power through loan services. Private banks, meanwhile, struggle to acquire any market power under intense competition from FinTech companies. Given that the FinTech may enable some banks overly dominate the banking industry at certain development stages, regulators and practitioners need to prevent monopoly-related problems and promote the digital transformation of small and medium-sized banks.
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来源期刊
CiteScore
5.80
自引率
3.80%
发文量
48
审稿时长
15 weeks
期刊介绍: The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.
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