在数字时代保持竞争力：银行的未来.pdfVIP

3 Content Abstract2 I. Introduction5 II. Digital Transformation in the Banking Industry6 III. The Digital Transformation of Banks: A Global Comparison11 IV. What Explains the Global Digital Divide?16 V. Conclusion26 Tables: 1. Two Dimensions of Financial Service Digitalization7 2. Simple Correlation Analysis20 3. Fractional Logit Regressions24 4. Fractional Logit Regressions: with RD Investment25 Figures: 1. History of Digital Technology….…………………………8 2. Development of Fintech Companies in the World9 3. Bank Service Digitalization Around the World13 4. Bank Service Digitalization: Comparison by Geographic Regions13 5. Digital Financial Service: A Global Comparison14 6. Digital Financial Services vs Digital Banking Services15 7. Histogram of the Dependent Variable21 Appendices: I. Advancement in Technology and Firms’ Performances….….………………………….31 II. Database on Financial Service Digitalization….………………….……………………32 III. Country List.…………………………………………………………………………...37 IV. Summary Statistics and Data Sources…………………………………………………38 V. Fractional Logit Regression…………………………………………………………39 VI. Stepwise Regressions for Variable Selections…………………………………….…...40 4 Appendix Tables: 1. Indicators on Financial Service Digitalization Usage ………….……………….……….34 2. Indicators on Banking Service Digitalization Usage……...…………………………….36 3. Stepwise Regressions: Digital Ecosystem……………………………………………….40 4. Stepwise Regressions: Broader Business Environment…………………………………41 5. Stepwise Regressions: Bank Conditions………………………………………………42 6. Stepwise Regressions: Financial Sector Development ………………………………….42 References27 5 I. INTRODUCTION Now more than ever, technology is reshaping the financial