Research on the Configurational Paths for Commercial Banks to Realize Digital Transformation——Based on Fuzzy-set Qualitative Comparative Analysis
Digital transformation,as an important part of the profound integration of science,and technology,and finance,has not on-ly been the inevitable trend of commercial banks'innovation and development,but also the preferred strategy to enhance competi-tiveness.Based on the'configuration perspective',we use the fuzzy-set qualitative comparative analysis method to clarify the paths of China's commercial banks to achieve a high level of digital transformation.The findings reveal that:a.The digital transformation of commercial banks requires a combination of multi-dimensional driving factors from three company segments including operation,management and factor,and there is no factor that can be exclusively decisive;b.The investment of scientific and technological capi-tal and a good board structure are crucial for a high level of digital transformation,and excellent operation conditions and positive ESG practices can also play an important auxiliary role;c.The existence of'capital-driven','management-driven'and'integrat-ed-driven'models for realizing high-level digital transformation,with different types of banks being matched with different optimal paths.The results of the study elucidate the key factors and configurational paths for digital transformation,and provide reference guidance for various types of commercial banks to formulate differentiated and systematic strategies for digital transformation.
Digital TransformationFuzzy-set QCACommercial Banks