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Industry concentration and the adoption of digital finance technology: Evidence from sports industries

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  • Hu, Bo
  • Li, Mingyan

Abstract

This paper explores the far-reaching implications of industry concentration for the adoption of digital finance technology in sports-related industries. Grounded in the data of sports-related firms in China, this research offers compelling evidence that industry concentration enhances the adoption of digital finance technology by enterprises. Further research indicates that social capital can negatively moderate the main relation. We also discover two possible mechanisms: financial flexibility and peer pressure. Our conclusions are robust after solving endogeneity issues. This study has the potential to complement our understanding of the triggers of digital finance technology in sports industries.

Suggested Citation

  • Hu, Bo & Li, Mingyan, 2025. "Industry concentration and the adoption of digital finance technology: Evidence from sports industries," Finance Research Letters, Elsevier, vol. 85(PE).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pe:s1544612325010645
    DOI: 10.1016/j.frl.2025.107806
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    References listed on IDEAS

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