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Fintech, resource misallocation, and the diffusion of corporate innovation

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  • Qi, Yuan
  • Yu, Ying

Abstract

This paper empirically examines the impact of financial technology and resource misallocation on corporate innovation diffusion, based on microdata from China's A-share listed companies from 2009 to 2023. The study finds that financial technology significantly promotes corporate innovation diffusion, while resource misallocation notably inhibits it. Additionally, financial technology plays a significant moderating role in the relationship between resource misallocation and corporate innovation diffusion. The effects of financial technology and resource misallocation on corporate innovation diffusion exhibit heterogeneity between high-tech and non-high-tech enterprises.

Suggested Citation

  • Qi, Yuan & Yu, Ying, 2026. "Fintech, resource misallocation, and the diffusion of corporate innovation," Finance Research Letters, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:finlet:v:88:y:2026:i:c:s1544612325023190
    DOI: 10.1016/j.frl.2025.109070
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    References listed on IDEAS

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