EconPapers    
Economics at your fingertips  
 

The influence of financial innovation on enterprise risk management

Yixuan Guo, Hongyan Ge, Zhicheng Liao, Yaoyu Hu and Bihui Huang

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: In recent years, financial innovation has altered the external financial environment and presented new challenges to enterprise risk management. This article constructs a financial innovation index and performs regression estimates across four latitudes using data from listed Chinese companies and provincial levels collected over 10 years. The results show that the greater the level of regional financial innovation, the stronger the effect of enterprise risk management, but enterprise financing constraints limit the effect. A financial innovation index system aligned with the Chinese situation and providing new evidence for financial development is built.

Keywords: Financial innovation; Enterprise risk management; Financing constraints (search for similar items in EconPapers)
JEL-codes: D21 E44 O12 O16 O18 O33 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324001284
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:62:y:2024:i:pa:s1544612324001284

DOI: 10.1016/j.frl.2024.105098

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 (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001284