CAJ | 학술논문

立足技术溢出理论，本文剖析了互联网金融对商业银行全要素生产率的影响机制。在此基础上，借助无导向DEA—Malmquist模型测度商业银行全要素生产率，运用“文本挖掘法”从金融功能的四个维度构建互联网金融指数，并结合2003—2012年36家商业银行的数据进行实证检验。结果显示，互联网金融通过技术溢出效应，显著提升了我国商业银行的全要素生产率，但不同类型商业银行对互联网金融技术溢出的吸收能力具有差异：股份制商业银行的吸收能力最强，城市商业银行次之，大型商业银行较弱。因此，鼓励互联网金融健康发展，规范其有序竞争，对于完善传统金融模式，深化我国银行业改革意义深远。
립족기술일출이론，본문부석료호련망금융대상업은행전요소생산솔적영향궤제。재차기출상，차조무도향DEA—Malmquist모형측도상업은행전요소생산솔，운용“문본알굴법”종금융공능적사개유도구건호련망금융지수，병결합2003—2012년36가상업은행적수거진행실증검험。결과현시，호련망금융통과기술일출효응，현저제승료아국상업은행적전요소생산솔，단불동류형상업은행대호련망금융기술일출적흡수능력구유차이：고빈제상업은행적흡수능력최강，성시상업은행차지，대형상업은행교약。인차，고려호련망금융건강발전，규범기유서경쟁，대우완선전통금융모식，심화아국은행업개혁의의심원。
According to technology spillover theory, this paper analyzes the influence mechanism of internet finance on commercial banks＂ TFP. Using commercial banks＂ TFP accessed by un - oriented DEA - Malmquist model, internet financial index based on text mining and data of 36 commercial banks from 2003 to 2012, we makes an empirical test. The results showed that internet finance sigrlificantly enhance commercial banks＇TFP, and joint -equity commercial banks＇absorption capacity most significantly, followed by urban commercial banks and large commercial banks. Therefore, encouraging the healthy development and orderly competition of inter- net finance are important to improve the traditional financial mode and to promote the reform and innovation of banking sector in China.