How Will Fintech Affect the Debt Structure of Commercial Banks?——Contrasting Analysis of Internal and External Fintech
Based on the panel data of 153 Chinese commercial banks from 2011 to 2020,this paper uses the system generalized method of moments(SYSGMM)to examine the impact of fintech on debt structure of commercial banks and the intermediation effect of the degree of deposit competition.The results show that external fintech in-creases the dependence of commercial banks on inter-bank funds,while bank fintech reduces the dependence of commercial banks on inter-bank funds,and the intermediation effect of bank deposit market forces is significant when fintech affects the debt structure of commercial banks.At the same time,the impact of fintech on debt struc-tures of banks of different sizes shows significant heterogeneity,and the impact on small commercial banks is more significant.
NETL
NSTL
万方数据
