IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v79y2025ics1544612325004337.html

Can Fintech enhance firms’ ambidextrous innovation capabilities? Perspective of organizational resilience

Author

Listed:
  • Liu, Yuanyang
  • Tian, Xuemei
  • Long, Yang

Abstract

This study examines how financial technology (Fintech) influences firms’ ambidextrous innovation, focusing on breakthrough and incremental innovation, with organizational resilience as a moderating factor. The analysis uses a panel dataset of 23,007 observations from Chinese A-shared companies (2010–2022), addresses endogeneity with instrumental variables, propensity score matching, and the Heckman correction. Results indicate that Fintech significantly enhances innovation, with a greater impact on breakthrough innovation. Organizational resilience magnifies this effect, highlighting its critical role. Robustness tests confirm the findings. The study provides policymakers and managers with insights into leveraging Fintech and resilience to drive innovation in dynamic environments.

Suggested Citation

  • Liu, Yuanyang & Tian, Xuemei & Long, Yang, 2025. "Can Fintech enhance firms’ ambidextrous innovation capabilities? Perspective of organizational resilience," Finance Research Letters, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325004337
    DOI: 10.1016/j.frl.2025.107170
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325004337
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.107170?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hsiao-Hui Lee & S. Alex Yang & Kijin Kim, 2019. "The Role of Fintech in Mitigating Information Friction in Supply Chain Finance," ADB Economics Working Paper Series 599, Asian Development Bank.
    2. Mark A Chen & Qinxi Wu & Baozhong Yang, 2019. "How Valuable Is FinTech Innovation?," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 2062-2106.
    3. Dai, Jiapeng & Mehmood, Usman & Nassani, Abdelmohsen A., 2025. "Empowering sustainability through energy efficiency, green innovations, and the sharing economy: Insights from G7 economies," Energy, Elsevier, vol. 318(C).
    4. Khan, Naveed R. & Ameer, Farah & Bouncken, Ricarda B. & Covin, Jeffrey G., 2023. "Corporate sustainability entrepreneurship: The role of green entrepreneurial orientation and organizational resilience capacity for green innovation," Journal of Business Research, Elsevier, vol. 169(C).
    5. Dai, Jiapeng, 2025. "Is policy pilot a viable path to sustainable development? Attention allocation perspective," International Review of Financial Analysis, Elsevier, vol. 98(C).
    6. Alexander Berman & Marcelo Cano-Kollmann & Ram Mudambi, 2022. "Innovation and entrepreneurial ecosystems: fintech in the financial services industry," Review of Managerial Science, Springer, vol. 16(1), pages 45-64, January.
    7. Oana Buliga & Christian W. Scheiner & Kai-Ingo Voigt, 2016. "Business model innovation and organizational resilience: towards an integrated conceptual framework," Journal of Business Economics, Springer, vol. 86(6), pages 647-670, August.
    8. Chun Xue & Juanru Wang, 2024. "Proactive boundary‐spanning search, organizational resilience, and radical green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1834-1852, March.
    9. Chenchen Shi & Jinjing Lu, 2024. "Unlocking Economic Resilience: A New Methodological Approach and Empirical Examination under Digital Transformation," Land, MDPI, vol. 13(5), pages 1-20, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ruanzhou, Yilong & Guo, Rengui, 2025. "New quality productivity and intellectual property protection," Finance Research Letters, Elsevier, vol. 83(C).
    2. Zheng, Ye & Bao, Xuhan & Zhao, Shijie, 2025. "Renewable energy policy and environmental governance performance," Finance Research Letters, Elsevier, vol. 82(C).
    3. Lan, Bo & Li, Nan & Liu, Tong, 2025. "How do economic growth and unemployment affect green development in Latin America nations?," International Review of Economics & Finance, Elsevier, vol. 98(C).
    4. Liu, Sihan, 2025. "Digital transformation–productivity nexus: Platform integration and enterprise performance," Finance Research Letters, Elsevier, vol. 81(C).
    5. Wu, Jianan & Guo, Cheng & Liu, Xiaojing & Dai, Jiapeng, 2025. "Policy-driven employment structure transformation: The role of innovation and education investment," International Review of Economics & Finance, Elsevier, vol. 98(C).
    6. Xing, Manjiang & Gong, Chi & Moon, Gyu-Hyen & Ge, Xiaohong, 2025. "Digital economy, dual innovation capability and enterprise labor productivity," International Review of Financial Analysis, Elsevier, vol. 101(C).
    7. He, Jiale & Xue, Haozhong & Yang, Wei & Zhong, Yanyi & Fan, Bingyu, 2025. "Green credit policy and corporate green innovation," International Review of Economics & Finance, Elsevier, vol. 99(C).
    8. Tan, Changchun & Mo, Lingyu & Wu, Xiaomeng & Zhou, Peng, 2024. "Fintech development and corporate credit risk: Evidence from an emerging market," International Review of Financial Analysis, Elsevier, vol. 92(C).
    9. Bu, Wei & Yan, Zhongyi & Yang, Shuning, 2025. "Digital economy and corporate sustainability: Mediating roles of green innovation and risk-taking," Finance Research Letters, Elsevier, vol. 78(C).
    10. Wang, Zheng & Liu, Hongchao, 2025. "Can intelligent transformation enhance corporate green innovation performance?," Finance Research Letters, Elsevier, vol. 81(C).
    11. Bao, Junsong & Yang, Liuyi, 2025. "Will ESG disclosure affect the green innovation level of SMEs?," Finance Research Letters, Elsevier, vol. 83(C).
    12. Ye, Lin, 2025. "Digital economy and high-quality agricultural development," International Review of Economics & Finance, Elsevier, vol. 99(C).
    13. Qin, Teng & Qin, Chuan & Wang, Jiaxin & Xing, Haiyan, 2025. "Can the digital economy enhance enterprises' breakthrough innovation?," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    14. Li, Bowei & Dai, Yuyang & Yang, Hongmei & Chen, Wanlin & Xu, Ran & Yin, Xiaomin, 2025. "Financial system development and trade relations," International Review of Financial Analysis, Elsevier, vol. 106(C).
    15. Liu, Haiming & Hu, Jikong, 2024. "The impact of bank fintech on corporate debt default," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    16. Li, Junjun & Wu, Tong & Hu, Boqiang & Pan, Dongliang & Zhou, Yaqiong, 2025. "Artificial intelligence and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 102(C).
    17. Liu, Yuanyang & Tian, Xuemei & Long, Yang, 2025. "Digital economy and corporate ESG performance: Cost reduction or efficiency improvement?," Finance Research Letters, Elsevier, vol. 77(C).
    18. Zhu, Chenyu & Liu, Liwen & Zhou, Shoujie & Han, Lifeng, 2025. "Executive misconduct and corporate operational risk," Finance Research Letters, Elsevier, vol. 84(C).
    19. Zhao, Qiuhan & Wu, Wei & Ge, Yuanqin & Xu, Jing, 2025. "Can intellectual property protection policy enhance enterprise innovation capability? Quasi-natural experimental study," International Review of Financial Analysis, Elsevier, vol. 103(C).
    20. Yuan, Guang & Liu, Jun & Wang, Yi, 2025. "Low-carbon city pilot policies, government attention, and green total factor productivity," Finance Research Letters, Elsevier, vol. 77(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325004337. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.