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How FinTech affects corporate resilience: From the perspective of mismatch correction

Author

Listed:
  • Zhang, Yishu
  • Feng, Jinyu

Abstract

In a highly volatile and uncertain world, corporate resilience is an important factor in addressing external challenges. This study uses data from China's listed companies from 2014 to 2023 to examine the relationship between FinTech (financial technology) and corporate resilience from the mismatch correction perspective. The findings show that FinTech can significantly enhance corporate resilience. Specifically, a 1 % increase in the FinTech index is associated with an average 0.002 % change in the entropy weight index for corporate resilience. FinTech enhances corporate resilience by alleviating credit mismatch among enterprises and maturity mismatch between investment and financing within enterprises. Heterogeneity analysis shows that FinTech's positive effects on corporate resilience are more significant in private enterprises, high-tech enterprises, enterprises with high government subsidies, and enterprises with high analyst attention. Most existing studies focus on internal factors to examine how to improve resilience. Based on financial intermediation theory, this study focuses on identifying external factors that drive corporate resilience and explains the mechanism using resource allocation theory, thus offering new theoretical support and insight for FinTech support to build enterprises with high resilience.

Suggested Citation

  • Zhang, Yishu & Feng, Jinyu, 2025. "How FinTech affects corporate resilience: From the perspective of mismatch correction," Finance Research Letters, Elsevier, vol. 85(PC).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013340
    DOI: 10.1016/j.frl.2025.108077
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    Keywords

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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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