The Digitalization Transformation of Commercial Banks and Its Impact on Sustainable Efficiency Improvements through Investment in Science and Technology
| Autor: | Jack Strauss, Lijuan Zuo, Lihua Zuo |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Environmental effects of industries and plants
Renewable Energy Sustainability and the Environment business.industry Geography Planning and Development Digital transformation input efficiency DEA–Malmquist model TJ807-830 Management Monitoring Policy and Law commercial banks Investment (macroeconomics) TD194-195 Maturity (finance) Renewable energy sources FinTech Environmental sciences Empirical research financial technology digital transformation GE1-350 Digital economy business Productivity Financial services Industrial organization |
| Zdroj: | Sustainability, Vol 13, Iss 11028, p 11028 (2021) Sustainability Volume 13 Issue 19 |
| ISSN: | 2071-1050 |
| Popis: | The COVID-19 epidemic has accelerated the digital economy’s pervasiveness throughout the Chinese economy, leading to a sharp rise in demand for “contactless” services in the financial industry. We examine the digital transformation of the Chinese banking industry using the DEA–Malmquist index method, supplemented by a distance function and time to compare the dynamic changes of productivity. Our paper then conducts an empirical study on the digital transformation of Chinese commercial banks based on their improvements in efficiency. We analyze banks with superior efficiency in science and technology investment and evaluate their digital maturity and digital transformation experience. Results show that digitalization investment has contributed to substantial production efficiency improvement for commercial banks however, heterogeneity exists across banks. We further advocate a path for banks’ digital transformation based on theoretical research and empirical digital transformation experience in this area. |
| Databáze: | OpenAIRE |
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