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The impact of financial technology advancement on stock crash risk: An Analysis of the mediating effect of information transparency

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  • Zou, Qifeng
  • Zhang, Yanliang

Abstract

This paper meticulously examines the influence of financial technology (fintech) development on stock price crash risk. Utilizing a fixed-effects model, the analysis focuses on a comprehensive sample of China's A-share listed companies spanning the years 2012 to 2020. The findings reveal a significant insight: within China's capital markets, enhancements in regional fintech development act as a potent deterrent against the peril of corporate share price collapses. Notably, fintech exerts its influence on mitigating stock price crash risk by enhancing the degree of corporate information transparency.

Suggested Citation

  • Zou, Qifeng & Zhang, Yanliang, 2025. "The impact of financial technology advancement on stock crash risk: An Analysis of the mediating effect of information transparency," Finance Research Letters, Elsevier, vol. 71(C).
    • Handle: RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014776
    DOI: 10.1016/j.frl.2024.106448
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    References listed on IDEAS

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