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Financial technology, new quality productivity, and corporate growth: Micro evidence from Chinese listed companies

Author

Listed:
  • Yang, Hongwei
  • Zhi, Hui
  • Wang, Zhiheng

Abstract

Based on data from A-share listed companies between 2015 and 2023, this paper empirically examines how financial technology influences corporate growth. The findings reveal that FinTech significantly promotes enterprise growth, with new quality productivity serving as a key intermediary mechanism. Heterogeneity analysis shows that this transmission effect is more pronounced among state-owned firms, large enterprises, and companies in central China. This study enriches the “technology–finance–industry” framework by providing micro-level empirical evidence and policy implications to support high-quality corporate development.

Suggested Citation

  • Yang, Hongwei & Zhi, Hui & Wang, Zhiheng, 2026. "Financial technology, new quality productivity, and corporate growth: Micro evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:finlet:v:87:y:2026:i:c:s154461232502269x
    DOI: 10.1016/j.frl.2025.109027
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    References listed on IDEAS

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