IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v89y2026ics0275531926002151.html

Unlocking the power of fintech: Nonlinear impacts on new quality productive forces

Author

Listed:
  • Wang, Jinyi
  • Cui, Chuqi
  • He, Liang
  • Dong, Hao

Abstract

Although fintech significantly enhances firm-level efficiency and productivity, its non-linear relationship with new quality productive forces has yet to be fully explored. Drawing on panel data from 27 Chinese provinces for 2013–2022, this study develops a novel indicator aligned with China’s development framework to systematically explore the impact of fintech on new quality productive forces(NQPF). Empirical results show that a 1% increase in fintech development is associated with a 0.044% increase in new quality productive forces. Quantile regression reveals that this effect is the strongest in high-quantile regions and the weakest in low-quantile ones. Moderation and threshold model analyses suggest that simply intensifying financial regulation does not strengthen fintech’s contribution; rather, region-specific regulatory approaches tailored to local conditions are necessary. Mediation analysis reveals that fintech promotes new quality productive forces primarily through rationalization of industrial structures. The findings provide important policy insights into driving sustainable productivity growth and regional development strategies.

Suggested Citation

  • Wang, Jinyi & Cui, Chuqi & He, Liang & Dong, Hao, 2026. "Unlocking the power of fintech: Nonlinear impacts on new quality productive forces," Research in International Business and Finance, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:riibaf:v:89:y:2026:i:c:s0275531926002151
    DOI: 10.1016/j.ribaf.2026.103488
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531926002151
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ribaf.2026.103488?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:89:y:2026:i:c:s0275531926002151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.