商业银行数字化转型的影响研究——基于稳健性的实证分析

Research on the Impact of Digital Transformation of Commercial Banks—Empirical Analysis Based on Bank Stability

摘要: 文章以2009~2023年A股41家上市商业银行作为研究样本，构建商业银行稳健性综合指标、合成数字化转型指数，实证验证了数字化转型对商业银行稳健性的影响，探究了资本回报预期、资产价值预期对上述关系的中介作用。实证结果表明，数字化转型指数对商业银行稳健性有显著的正向影响。机制分析表明，数字化转型通过提升资本回报预期和资产价值预期，进而提高商业银行稳健性。异质性检验表明，数字化转型对非国有商业银行的稳健性提升作用更为明显。

Abstract: The article takes 41 A-share listed commercial banks from 2009 to 2023 as research samples, constructs a comprehensive index of commercial bank stability, and synthesizes a digital transformation index to empirically verify the impact of digital transformation on the stability of commercial banks, and explores the mediating role of capital return expectations and asset value expectations on the above relationship. The empirical results indicate that the digital transformation index has a significant positive impact on the robustness of commercial banks. Mechanism analysis shows that digital transformation improves the stability of commercial banks by enhancing capital return expectations and asset value expectations. Heterogeneity tests indicate that digital transformation has a more significant impact on enhancing the robustness of non-state-owned commercial banks.