The COVID-19 pandemic and firm value: the mediating effect of FinTech applications

Ya-Chih Yang (), Wu-Po Liu () and Kung-Hong Shih ()
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Ya-Chih Yang: National Cheng Kung University
Wu-Po Liu: National Cheng Kung University
Kung-Hong Shih: National Cheng Kung University

Review of Quantitative Finance and Accounting, 2023, vol. 60, issue 1, No 10, 329-344

Abstract: Abstract This study investigates the impact of the COVID-19 pandemic on firm value and the mediating effect of financial technology (FinTech) applications. Examining the U.S.-listed domestic and foreign firms, we find the negative association between the severity of the virus pandemic and firm value. However, we also show the evidence that FinTech applications alleviate the negative impact of the COVID-19 pandemic on firm value. These findings provide important implications for global regulators, investors, and managers.

Keywords: Virus pandemic; Firm value; FinTech; COVID-19 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s11156-022-01112-5

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