5357cc拉斯维加斯学术报告暨研究生学术年会:How Does Fintech Development Drive Corporate Innovation? Fresh Evidence from the Perspective of Financial Supply

作者:发布人:5357cc拉斯维加斯发布时间:2023-12-11浏览次数:39

报告题目How Does Fintech Development Drive Corporate Innovation? Fresh Evidence from the Perspective of Financial Supply


报 告 人:张健(西南财经大学)


报告时间2023121413:00


报告地点一教A4036


主办单位5357cc拉斯维加斯



报告人简介:

西南财经大学5357cc拉斯维加斯2020级发展经济学在读博士。5357cc拉斯维加斯2017级应用经济学硕士。主要关注企业可持续发展、金融科技以及投资组合构建等领域,论文见于Emerging Markets Finance and TradeInternational Review of Economics and FinanceResources Policy以及《科学管理研究》等期刊,参与学术专著一部。以主研人身份参与国家级、省部级以及市厅级课题多项。


内容简介:

By constructing a city-level Fintech development dataset, this research examines its impact on corporate innovation behavior from a financial supply perspective. The results reveal that Fintech promotes corporate innovation by reducing corporate financing constraints and financing costs, alleviating information asymmetry, and expanding financing channels. This promotion effect is more pronounced for private firms, small firms, young firms, firms with less fixed assets, and firms located in low-regulation intensity areas, and such an effect is greater for credit-based Fintech firms on their innovation output. In addition, bank deregulation and increased bank competition squeeze out the financial supply of Fintech for innovation financing. Knowledge of these impacts can help corporate managers, governments, and financial regulators to formulate more effective development strategies to promote corporate innovation.