The 14th Frontier Forum for Digital Technology and Finance

Abstract:

At present, digital transformation has become the strategic priority of commercial banks, but the question whether digital transformation can improve the competitiveness of banks has not been well answered, which is closely related to the lack of measurement indicators of bank digitalization. We construct a set of index system of bank digital transformation from three dimensions of strategy, business and management, measure the degree of digital transformation of Chinese commercial banks in an all-round and multi-angle, and provide new quantitative data for understanding bank digital transformation. The empirical results show that digital transformation can improve bank performance, resist the impact of new technology and promote channel transformation. Further research shows that the adoption of digital technology has a differentiated impact on bank performance. Among the different digital technologies, artificial intelligence and big data have a more significant impact, while executives with technical backgrounds in banks will also enhance the effect of digital technology adoption on performance.

Speaker Introduction：

Dr. Xuanli Xie is currently a Liberal Arts Young Scholar at Peking University, an associate researcher at the National School of Development, Peking University, and a senior researcher at the Research Center for Digital Finance at Peking University. She received her Ph.D. in Strategic management from The University of North Carolina at Chapel Hill and her Bachelor's and Master's degrees in Business administration from Peking University. Dr. Xie's research interests include innovation and entrepreneurship, digital transformation, overseas development, and corporate governance. She has undertaken many research projects including National Natural Science Foundation, Social Science Foundation and Ministry of Education. Research results have been published in Strategic Management Journal, Organization Science, Journal of International Business Studies, Journal of Strategic Management Management, Strategic Entrepreneurship Journal, Management World, Quarterly Journal of Economics and other authoritative journals at home and abroad have published think tank research reports on "Digital transformation of China's commercial banks", "Report on China's Convenient Payment Industry", "Digital User Experience of Government Affairs" and so on.