The impact of FinTech adoption on corporate investment: Evidence from China

Yuan Qi, Linyan Ouyang and Ying Yu

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This research uses panel statistics of Chinese listed companies between 2010 and 2020 to examine when and how financial technology (FinTech) improves the investment efficiency of firms. We determine that the degree of FinTech is positively related to firm investment efficiency. This correlation tends to occur in areas with low levels of commercialization and urban growth, which is indicative of the broad characteristics of FinTech. Simultaneously, the positive effect of FinTech further strengthens the investment efficiency of enterprises through corporate governance and financing paths.

Keywords: FinTech; Financial productivity; Governance structures (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324009590

DOI: 10.1016/j.frl.2024.105929

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