發(fā)布時(shí)間：2018-10-15 09:56

【摘要】：近年來(lái),在利率市場(chǎng)化政策背景下及金融互聯(lián)網(wǎng)化的大趨勢(shì)下,眾籌、網(wǎng)絡(luò)貸款、互聯(lián)網(wǎng)理財(cái)產(chǎn)品銷(xiāo)售和移動(dòng)支付等金融產(chǎn)品改變了人們的生活消費(fèi)方式�；ヂ�(lián)網(wǎng)金融以高效、交易成本低、便利以及多樣化的金融產(chǎn)品等優(yōu)勢(shì)獲得了大批投資者的青睞。面臨互聯(lián)網(wǎng)金融的沖擊及利率市場(chǎng)化改革,商業(yè)銀行的資金成本上升,依靠利差來(lái)“坐等獲利”的傳統(tǒng)盈利方式在悄然改變。這一系列的變革和沖擊,迫使銀行縮小利差、拓展中間業(yè)務(wù)和尋求更高的貸款利率,也促進(jìn)了商業(yè)銀行轉(zhuǎn)型升級(jí)、創(chuàng)新服務(wù)于產(chǎn)品,以鞏固自身的金融地位。在此背景下,我國(guó)商業(yè)銀行的盈利能力以及風(fēng)險(xiǎn)性將受到怎樣的影響,互聯(lián)網(wǎng)金融的出現(xiàn),是否會(huì)促進(jìn)我國(guó)金融業(yè)的改革,且目前互聯(lián)網(wǎng)金融對(duì)商業(yè)銀行影響的研究尚未得出一致性結(jié)論,因此對(duì)互聯(lián)網(wǎng)金融與商業(yè)銀行之間關(guān)系的研究十分有必要,本文將通過(guò)理論與實(shí)證研究結(jié)合的方式來(lái)分析上述問(wèn)題。本文首先在現(xiàn)有研究的基礎(chǔ)上,回顧了互聯(lián)網(wǎng)金融與傳統(tǒng)金融以及互聯(lián)網(wǎng)金融對(duì)商業(yè)銀行經(jīng)營(yíng)能力、破產(chǎn)風(fēng)險(xiǎn)及不良貸款風(fēng)險(xiǎn)影響的相關(guān)文獻(xiàn),繼而闡述了互聯(lián)網(wǎng)金融的理論支持、商業(yè)模式、盈利模式。通過(guò)梳理互聯(lián)網(wǎng)金融對(duì)商業(yè)銀行資產(chǎn)項(xiàng)、負(fù)債項(xiàng)、中間業(yè)務(wù)收入產(chǎn)生的影響,從而提出了以銀行盈利能力ROA、破產(chǎn)風(fēng)險(xiǎn)及不良貸款風(fēng)險(xiǎn)為被解釋變量,采用個(gè)體固定效應(yīng)回歸模型,實(shí)證研究互聯(lián)網(wǎng)金融對(duì)商業(yè)銀行會(huì)的影響是正面還是負(fù)面。本文以我國(guó)11家上市商業(yè)銀行2007-2014年的數(shù)據(jù)為樣本,實(shí)證結(jié)果顯示,在盈利能力方面,互聯(lián)網(wǎng)金融的發(fā)展對(duì)商業(yè)銀行ROA指標(biāo)產(chǎn)生了顯著負(fù)向影響,即面對(duì)互聯(lián)網(wǎng)金融的沖擊,商業(yè)銀行的盈利能力下降。在風(fēng)險(xiǎn)管理方面,互聯(lián)網(wǎng)金融的發(fā)展對(duì)商業(yè)銀行破產(chǎn)風(fēng)險(xiǎn)和不良貸款風(fēng)險(xiǎn)均為正向顯著性影響,即互聯(lián)網(wǎng)金融的發(fā)展加劇了銀行的破產(chǎn)風(fēng)險(xiǎn),降低了不良貸款風(fēng)險(xiǎn)。以上結(jié)論不僅能使我國(guó)商業(yè)銀行更好地理解互聯(lián)網(wǎng)金融對(duì)其盈利能力及風(fēng)險(xiǎn)性的影響程度,而且有助于商業(yè)銀行從兩者之間的數(shù)量關(guān)系中挖掘出有價(jià)值的信息,以更好的把握機(jī)會(huì)進(jìn)行轉(zhuǎn)型升級(jí)。
[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.
【學(xué)位授予單位】：湖南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2016
【分類(lèi)號(hào)】：F830.42;F832.33;F724.6
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本文編號(hào)：2272171