Does bank FinTech improve corporate innovation?

Zhuohong Tan, Handi Wang and Yunzhe Hong

Finance Research Letters, 2023, vol. 55, issue PA

Abstract: This study investigates the effects of bank FinTech on corporate innovation. Building a large sample of Chinese commercial banks and listed firms over 2010–2020, we find that bank FinTech promotes corporate innovation and the results are consistent. We also find that bank FinTech enhances corporate innovation by mitigating the inhibitory effects of financing constraints and management costs. In addition, the positive effect is more pronounced in firms with poorer financial endowments and private firms. Overall, we provide a timely study of the value of bank FinTech in emerging countries like China from the brand-new perspective of corporate innovation.

Keywords: Bank FinTech; Corporate innovation; Commercial banks; China (search for similar items in EconPapers)
JEL-codes: G21 G30 O30 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323002039
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:55:y:2023:i:pa:s1544612323002039

DOI: 10.1016/j.frl.2023.103830

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 ().