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Fintech, financial regulation and corporate financialization: Evidence from China

Author

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  • Wang, Qi
  • Hu, Chan

Abstract

What are the connections among fintech, financial regulation and corporate financialization? Existing literatures support the impact of fintech on corporate financialization, but rare studies query the relationship among such three variables. We use the yearly data of A-share listed companies in China's manufacturing industry from 2011 to 2020 to empirically examines the relationship among fintech, financial regulation and corporate financialization. Overall, this research confirms that fintech can discourage corporate financialization, and financial regulation has a moderating effect between them. Moreover, the results support that the adverse effects are more significant for state-owned, non-heavy polluting and registered in lower marketization regions enterprises.

Suggested Citation

  • Wang, Qi & Hu, Chan, 2023. "Fintech, financial regulation and corporate financialization: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PB).
  • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s154461232300750x
    DOI: 10.1016/j.frl.2023.104378
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