Can financial technology enhance corporate investment efficiency? Evidence from the COVID-19 pandemic

Lei Hu, Ziyan Zhu and Liang Dong

Economics Letters, 2024, vol. 243, issue C

Abstract: We quantify the FinTech development level by textual analysis. The results show that the intensification of the COVID epidemic adversely affects corporate investment efficiency, but the development of FinTech mitigates such a negative effect by alleviating financing constraints.

Keywords: Financial technology; COVID-19 pandemic; Investment efficiency; Financing constraint (search for similar items in EconPapers)
JEL-codes: C30 G01 G14 O16 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:243:y:2024:i:c:s0165176524003951

DOI: 10.1016/j.econlet.2024.111911

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