Maturity mismatched investment, digital financial inclusion, and digital orientation: Evidence from China
Meng Xu,
Zhonghai Yang,
Yu-En Lin and
Gaobo Li
International Review of Financial Analysis, 2024, vol. 91, issue C
Abstract:
The study examines how maturity mismatched behavior influences firms' digital orientation, and the moderating effect of digital financial inclusion (DFI) on maturity mismatched behavior. We analyzed a sample of over 3000 Chinese listed firms over the period 2011–2020 and identified the “passive mismatch view.” We found that firms' maturity mismatched investment could impede their digital orientation and that DFI further weakens the negative relation between firms' maturity mismatched investment and digital orientation. We further find that maturity mismatched investment impedes digital orientation for firms with more agent problems and maturity mismatched investment could impede its digital orientation through weakening managerial attitude toward potential risks.
Keywords: Maturity mismatched; Digital orientation; Digital financial inclusion; Agent conflict; Managerial risk-bearing (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1057521923004738
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:91:y:2024:i:c:s1057521923004738
DOI: 10.1016/j.irfa.2023.102957
Access Statistics for this article
International Review of Financial Analysis is currently edited by B.M. Lucey
More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).