Abstract
The development of Internet-based financial products and services is challenging the managers of commercial banks in China. Promoting the transformation of commercial banks by offering digital products and services is an important issue. Employing the resource-based view (RBV), we analyze different strategies for large and small commercial banks to develop their own online financial services. We mainly study the cases of the Industrial and Commercial Bank of China and Baoshang Bank.
References
Barney JB (1986) Strategic factor markets: expectations, luck, and business strategy. Manage Sci 32(10):1231–1241. https://doi.org/10.1287/mnsc.32.10.1231
Barney J (1991) Firm resources and sustained competitive advantage. J Manag 17(1):99–120
Barney JB, Arikan AM (2001) The resource-based view: origins and implications. In: Handbook of strategic management, 124–188
Campbell JM, Park J (2016) Extending the resource-based view: effects of strategic orientation toward community on small business performance. J Retail Consum Serv 34:302–308
Day GS (1994) The capabilities of market-driven organizations. J Mark 58:37–52
Haiyan Hao, Hongbin Shi (2012) The situation and enlightenment of financial support for the development of SMEs – a case study of Baoshang Bank. Huabei Finance 3:44–46. (In Chinese)
Hou X, Gao Z, Wang Q (2016) Internet finance development and banking market discipline: evidence from China. J Financ Stab 22:88–100
Kejian Shi, Dan Li (2015) Innovative internet finance and better serving the real economy – talking with four people in charge of ICBC. Financialyst 9:019. (In Chinese)
Le Gao, Kai Guo (2016) Analysis on internet financial strategy of industrial and commercial bank of China. Times Finance:84. (In Chinese)
Ping X, Zou C (2012) The theory of internet finance. Stud Finance 12:11–22
Priem RL, Butler JE (2001a) Is the resource-based “view” a useful perspective for strategic management research? Acad Manag Rev 26(1):22–40
Priem RL, Butler JE (2001b) Tautology in the resource-based view and the implications of externally determined resource value: further comments. Acad Manag Rev 26(1):57–66
Xiaoyun Wu, Hui Li (2015) Research on the influence mechanism of bank strategic capability on performance based on competitive strategy. J Ind Eng Eng Manag (2):70–79
Wernerfelt B (1984) A resource-based view of the firm. Strateg Manag J 5(2):171–180
Acknowledgments
We acknowledge the financial support from the National Natural Science Foundation of China (Grant No. 71603274) and the Fundamental Research Funds for the Central Universities.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Section Editor information
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this entry
Cite this entry
Zhang, G., Liu, Y. (2018). Online Financial Services Strategies for Commercial Banks in China. In: Foo, CT. (eds) Handbook of Chinese Management. Springer, Singapore. https://doi.org/10.1007/978-981-10-2442-9_10-1
Download citation
DOI: https://doi.org/10.1007/978-981-10-2442-9_10-1
Received:
Accepted:
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-2442-9
Online ISBN: 978-981-10-2442-9
eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences