Time-varying stochastic frontier model.

This study aims to assess the effects of financial technology on the cost efficiency of commercial banks in Ethiopia. Secondary panel data were collected from the audited annual reports of seventeen commercial banks for twelve fiscal years between 2011 and 2022. The cost efficiency of banks was investigated via a stochastic frontier approach. The findings indicate that commercial banks operating in Ethiopia are efficient in cost management, with an 83% efficiency rate on average. In addition to financial technology, the effects of bank size, interest spread rate, management quality, foreign exchange rate, capitalization and bank ownership are significant for cost efficiency. Notably, financial technology plays a remarkable role in the cost efficiency of commercial banks in Ethiopia. The study results show the presence of a positive association between financial innovation platforms and the cost efficiency of commercial banks. Banking services delivered via card banking, mobile banking, and internet banking improve the cost efficiency of commercial banks in Ethiopia. As a strategic resource, financial innovation in banking operations enhances the cost efficiency of banks by reducing noneconomic costs and the time needed to deliver banking services. To improve their cost efficiency, commercial banks in Ethiopia are encouraged to use financial innovation platforms to deliver financial services and update the current cost management strategy intended to reduce operating costs incurred to generate and collect loans and advances and interest expenses paid to maintain deposits and other interest-bearing liabilities.

本研究旨在评估金融科技（Financial Technology）对埃塞俄比亚商业银行成本效率的影响。研究采集了2011至2022年间共12个财年、17家商业银行经审计的年度报告中的二手面板数据。本研究采用随机前沿法（Stochastic Frontier Approach）分析商业银行的成本效率。研究结果显示，埃塞俄比亚境内运营的商业银行在成本管理方面具备效率，平均效率水平为83%。除金融科技外，银行规模、利差率、管理质量、汇率、资本充足状况以及银行所有权类型对成本效率均具有显著影响。值得注意的是，金融科技对埃塞俄比亚商业银行的成本效率发挥了显著作用。研究结果表明，金融创新平台与商业银行成本效率之间存在正向关联。通过银行卡业务、移动银行及互联网银行提供的银行服务，可提升埃塞俄比亚商业银行的成本效率。作为一种战略性资源，银行业务中的金融创新通过降低非经济成本与提供金融服务所需的耗时，能够提升银行的成本效率。为提升成本效率，埃塞俄比亚的商业银行应积极运用金融创新平台提供金融服务，并优化现有成本管理策略，以降低发放与回收贷款及垫款所产生的运营成本，以及为维持存款与其他计息负债所支付的利息支出。