山东工商学院硕士学位论文
摘要
近年来，金融科技凭借高效率的运营效能、低廉的交易手续费、较低的投资门
槛以及政府有关优惠政策的支持而取得了快速成长，逐步占领了以中小微群体为主
的“长尾”领域，分流了传统商业银行的存贷款资本额和用户群。金融科技的发展
给商业银行带来挑战的同时也给其带来了前沿的金融服务理念与技术手段，帮助商
业银行在产品与机制设计上实现技术创新，加快移动化、数字化、智能化发展趋势。
因此，关注金融科技对商业银行创新能力的影响，对未来我国商业银行健康、多样
化发展提供了参考价值。
为了进一步探究现代金融科技发展对我国商业银行的创新活动有何影响，首先，
本研究主要对研究的背景知识和重要意义等进行了探讨，对国内外与之相关的参考
文献也做了系统总结，由此构成了本项研究工作的主要研究思路框架及主要研究内
容。其次，对金融科技与商业银行创新能力相关概念进行界定，并且就金融科技与
商业银行发展现状进行了分析。再次，基于本研究相关理论分析，从积极和消极两
个角度研究了金融科技对商业银行创新能力的作用机理，以商业银行风险水平作为
中介来探究金融科技对商业银行创新能力的影响路径，根据理论分析提出研究假设。
在实证研究部分，本文选取了我国 36家商业银行 2011-2020年的若干财务指标数据，
通过建立动态面板系统 GMM模型，探讨了金融科技对商业银行创新能力的直接影
响效应；借助中介效应模型探究金融科技如何通过间接渠道影响商业银行创新能力；
将总样本按银行类型进行划分，探究金融科技对不同类型商业银行创新能力的影响
程度；替换解释变量后实证结果依然稳健。最后是文章结尾部分，根据前文的分析
得出结论并提出相应对策建议。
本文通过理论与实证分析得出结论：（1）金融科技对商业银行创新能力的促进
存在时滞性，即商业银行上一年度创新水平会影响到下一年创新水平。（2）现阶段
金融科技发展对我国商业银行提高创新能力具有正向影响。（3）金融科技通过降低
商业银行风险水平间接提高创新能力。（4）控股性质不同的商业银行在面对金融科
技时，所呈现出来的创新能力敏感度不相同，其中国有银行与农商行创新能力对于
金融科技的影响不敏感，而股份制银行和城商行等中小型商业银行创新能力对于金
融科技的影响表现得较为敏感。
关键词：金融科技；商业银行；创新能力；系统 GMM模型；中介效应模型
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Abstract
Abstract
In recent years, fintech has achieved rapid growth by virtue of high-efficiency
operation efficiency, low transaction handling fees, low investment threshold and the
support of relevant preferential policies of the government, gradually occupied the "long
tail" field dominated by small, medium-sized and micro groups, and diverted the deposit
and loan capital and user groups of traditional commercial banks. While the development
of financial technology brings challenges to commercial banks, it also brings them cutting-
edge financial service concepts and technical means to help commercial banks realize
technological innovation in product and mechanism design and accelerate the
development trend of mobility, digitization and intelligence. Therefore, paying attention to
the impact of financial technology on the innovation ability of commercial banks provides
a reference value for the healthy and diversified development of China's commercial
banks in the future.
In order to further explore the impact of the development of modern financial
technology on the innovation activities of China's commercial banks, firstly, this study
mainly discusses the background knowledge and significance of the research, and
systematically summarizes the relevant references at home and abroad, which constitutes
the main research idea framework and main research content of this research work.
Secondly, it defines the concepts related to financial technology and the innovation ability
of commercial banks, and analyzes the development status of financial technology and
commercial banks. Thirdly, based on the relevant theoretical analysis of this study, this
paper studies the action mechanism of financial technology on the innovation ability of
commercial banks from both positive and negative angles, takes the risk level of
commercial banks as an intermediary to explore the impact path of financial technology
on the innovation ability of commercial banks, and puts forward research hypotheses
according to the theoretical analysis. In the empirical research part, this paper selects some
financial index data of 36 commercial banks in China from 2011 to 2020, and discusses
the direct impact of financial technology on the innovation ability of commercial banks by
establishing a dynamic panel System GMM model; With the help of intermediary effect
model, this paper explores how financial technology affects the innovation ability of
commercial banks through indirect channels; Divide the total sample by bank type to
explore the impact of financial technology on the innovation ability of different types of
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山东工商学院硕士学位论文
commercial banks; After replacing the explanatory variables, the empirical results are still
robust. The last part is the end of the article, according to the previous analysis, draw
conclusions and put forward corresponding countermeasures and suggestions.
Through theoretical and empirical analysis, this paper draws conclusions: (1) there is
a time lag in the promotion of financial technology on the innovation ability of
commercial banks, that is, the innovation level of commercial banks in the previous year
will affect the innovation level of commercial banks in the next year. (2) At present, the
development of financial technology has a positive impact on the improvement of
innovation ability of China's commercial banks. (3) Fintech indirectly improves the
innovation ability by reducing the risk level of commercial banks. (4) When facing
financial technology, commercial banks with different holding properties show different
sensitivity of innovation ability. Among them, the innovation ability of state-owned banks
and rural commercial banks is not sensitive to the impact of financial technology, while
the innovation ability of small and medium-sized commercial banks such as joint-stock
banks and urban commercial banks is more sensitive to the impact of financial technology.
Key words: Financial Technology; Commercial Banks; Innovation Ability; System GMM
Model; Intermediary Effect Model
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