本文選題：金融科技　切入點：ICT　出處：《南京大學》2017年碩士論文　論文類型：學位論文

【摘要】：科技發(fā)展引發(fā)的數(shù)字與信息革命持續(xù)不斷地給各行各業(yè)帶來前所未有的變化,金融業(yè)也不例外�？萍寂c金融交匯融合,并以數(shù)據(jù)為基礎,以技術為手段,為金融帶來創(chuàng)新的業(yè)務模式、應用、流程或產(chǎn)品,這便是時下火熱的"金融科技"的含義。金融科技遵從金融本質,依靠與科技的無縫銜接,從本質上保證金融行業(yè)提高工作效率、降低運營成本,最終實現(xiàn)利潤最大化。因此,金融科技被視為能夠重塑金融行業(yè)的全新領域,也是世界各國在21世紀想要努力抓住的發(fā)展機遇之一。在時下全球經(jīng)濟增速變緩,經(jīng)濟發(fā)展動力疲軟的大背景下,對金融科技的研究具有十分重要的意義。隨著金融科技的重要性與關注度不斷提升,與此相關的研究也不斷增多,但目前這些研究大多更偏向理論解釋、分析與預測,實證研究比較少;同時研究重點放在科技如何促進并服務于金融,而非二者之間的動態(tài)關系。本文在炙手可熱的"金融科技"的背景下拆解"金融"與"科技",并通過實證研究二者之間的內生性關系。本文用"金融服務業(yè)"代表"金融科技"中的"金融",包括銀行、證券、保險、信托、基金等行業(yè);用"ICT"代表"金融科技"中的"科技",ICT指信息通訊技術,是信息技術與通訊技術相融合而形成的新的概念和領域,也是金融科技中的"科技"主要涵蓋的領域。本文采用兩階段最小二乘法,用聯(lián)立方程組模型研究金融服務業(yè)與ICT之間的內生性關系,即兩者之間是否互相促進、互相影響,或者僅存在單方向的影響。本文利用該模型對來自36個國家從2001年至2011年的數(shù)據(jù)首先進行混合回歸,其次考慮固定效應,即插入虛擬變量進行回歸,兩次回歸結果的顯著性并無差異,但由于固定效應控制了不隨時間變化而變化的因素而比混合回歸更加準確,因此本文結論采用固定效應的結果。回歸結果顯示,ICT對金融服務業(yè)有顯著的促進作用,該結果與時下對金融科技的理論研究結果一致,即ICT技術通過降低金融服務的成本、提高金融行業(yè)的業(yè)務效率來推動金融行業(yè)發(fā)展和變革。但反過來,金融服務業(yè)對ICT的回歸并不顯著。從理論上講,科技的發(fā)展需要融資、收售股權等金融服務的支持,但就本文所涉及的ICT領域而言,人力資本對于ICT的重要性可能遠超金融服務業(yè)�；谏鲜鼋Y論和相應的解釋,本文提供了一些政策性意見。在公司層面,傳統(tǒng)金融機構應轉變自我定位,利用自身優(yōu)勢,積極利用ICT技術改善盈利模式。在國家層面,政府應在支持與監(jiān)管金融科技方面尋求平衡。擁抱信息時代的同時,也應小心防范潛在風險。此外,人力資本應作為一國發(fā)展ICT行業(yè)的重點考量因素。本文在數(shù)據(jù)與建模上存在一些不足和局限性,因此在文末為未來的進一步相關研究提供了一些參考意見。
[Abstract]:The digital information revolution triggered by the development of science and technology and continuously to all walks of life to bring hitherto unknown change, the financial industry is no exception. The technology and financial integration, and based on the data, the technology as a means to bring innovative business models, financial applications, processes or products, it is nowadays a hot financial technology "the meaning of financial technology. Comply with the financial essence, rely on seamless connection with science and technology, essentially guarantee efficiency of the financial industry, reduce operating costs, and ultimately achieve the maximization of profit. Therefore, financial technology is considered to be a new field of reshaping the financial industry, is also one of the countries of the world in twenty-first Century to try to seize the opportunity for development. In the current global economic growth slows, the background of weak power of economic development, it is very important to research on financial technology. As an important financial technology And attention rising, and the related research is increasing, but most of these studies tend to theoretical explanation, analysis and forecast, little empirical research; at the same time focus on how to promote science and technology and services in the financial, rather than dynamic relationship between the two. The hottest financial under the background of science and technology "dismantling" financial "and" science and technology ", the relationship between the endogenous and the empirical study of the two. The" financial services "on behalf of" financial technology "in the" financial ", including banking, securities, insurance, trusts, funds and other industries; the use of" ICT "on behalf of" financial science and technology "in the" science and technology ", ICT refers to the information and communication technology, is a new concept and the field of information technology and communication technology integration and the formation, but also the financial technology in technology mainly covers the field. This paper uses two stage least squares method, study on simultaneous equations model The endogenous relationship between financial services and ICT, which is between the two promote each other and influence each other, or only has one direction influence. Based on the data from 36 countries from 2001 to 2011 data were first mixed regression using the model, then consider fixed effect, namely the insertion of virtual variables, there was no significant the difference of two regression results, but because of the fixed effects control does not change with time and the ratio of mixed regression is more accurate, so the conclusion of this paper using fixed effects results. The regression results show that ICT has a significant effect on the financial services industry, the results with the results of theoretical Research on financial technology agreement that is, ICT technology can reduce the cost of financial services, improve the business efficiency of the financial industry to promote the development of financial industry and change. But on the other hand, the financial services industry on the back ICT Merge is not significant. In theory, the development of science and technology to the sale of equity financing, and other financial services support, but the ICT in terms of human capital for the importance of ICT far beyond the financial services industry. The corresponding conclusion and explanation based on, this paper has provided some policy advice. At the company level, traditional financial institutions should change the self positioning, the use of their own advantages, actively use ICT technology to improve the profit model. At the national level, the government should seek balance in the support and supervision of financial science and technology. Embrace the information age at the same time, should also be careful to prevent potential risks. In addition, human capital should be considered as a key development of ICT industry a country's factor. This paper has some shortcomings and limitations in data modeling and so on, to provide some suggestions at the end of the paper for further study in the future.

【學位授予單位】：南京大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F831;F49
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本文編號：1571554