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Does digital finance mitigate corporate maturity mismatch in China?

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  • Xiao, Weiwei
  • Tao, Yunqing
  • Li, Chaoqun
  • Ye, Yongwei

Abstract

Using an extensive panel dataset of Chinese A-share listed firms from 2011 to 2021, this study empirically examines the effect of digital finance on the phenomenon of corporate maturity mismatch. Empirical results reveal that digital finance has a significant effect on reducing the extent of corporate maturity mismatch, with a stronger effect observed for firms with less collateral, weaker external supervision, and those in regions with underdeveloped financial environments. Mechanism analysis shows that digital finance mitigates corporate maturity mismatch by improving access to long-term credit and bridging funding gaps in corporate investments. These findings offer valuable insights into how digital finance alleviates corporate maturity mismatch in China.

Suggested Citation

  • Xiao, Weiwei & Tao, Yunqing & Li, Chaoqun & Ye, Yongwei, 2025. "Does digital finance mitigate corporate maturity mismatch in China?," Research in International Business and Finance, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:riibaf:v:80:y:2025:i:c:s027553192500409x
    DOI: 10.1016/j.ribaf.2025.103153
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    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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