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Informal financing access: Can fintech development affect trade credit access?

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Listed:
  • Liu, Juecen
  • Tang, Mengxuan
  • Goodell, John W.
  • Hu, Yang

Abstract

This paper investigates the relationship between fintech development and corporate trade credit access for Chinese listed companies between 2011 and 2022. The empirical results provide evidence that fintech development is significantly and positively associated with a firm’s access to trade credit. We also demonstrate that information asymmetry is a possible economic channel. In addition, fintech has more pronounced positive effects on the credit trade of non-state-owned enterprises and firms with high financing costs. Our primary findings are not driven by alternative measures and endogeneity concerns.

Suggested Citation

  • Liu, Juecen & Tang, Mengxuan & Goodell, John W. & Hu, Yang, 2025. "Informal financing access: Can fintech development affect trade credit access?," Finance Research Letters, Elsevier, vol. 71(C).
    • Handle: RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014454
    DOI: 10.1016/j.frl.2024.106416
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    References listed on IDEAS

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