Fintech, financial regulation and corporate financialization: Evidence from China

Qi Wang and Chan Hu

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: What are the connections among fintech, financial regulation and corporate financialization? Existing literatures support the impact of fintech on corporate financialization, but rare studies query the relationship among such three variables. We use the yearly data of A-share listed companies in China's manufacturing industry from 2011 to 2020 to empirically examines the relationship among fintech, financial regulation and corporate financialization. Overall, this research confirms that fintech can discourage corporate financialization, and financial regulation has a moderating effect between them. Moreover, the results support that the adverse effects are more significant for state-owned, non-heavy polluting and registered in lower marketization regions enterprises.

Keywords: Fintech; Corporate financialization; Financial regulation (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461232300750X
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:finlet:v:58:y:2023:i:pb:s154461232300750x

DOI: 10.1016/j.frl.2023.104378

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().