IDEAS home Printed from https://ideas.repec.org/a/eme/ijoemp/ijoem-02-2021-0299.html
   My bibliography  Save this article

The impact of artificial intelligence (AI) finance on financing constraints of non-SOE firms in emerging markets

Author

Listed:
  • Jun Shao
  • Zhukun Lou
  • Chong Wang
  • Jinye Mao
  • Ailin Ye

Abstract

Purpose - This study investigates the impact of AI finance on financing constraints of non-SOE firms in an emerging market. Design/methodology/approach - Using a sample of non-SOE listed companies in China from 2011 to 2018, this research employs the cash–cash flow sensitivity model to examine the effect of AI finance on financing constraints of non-SOE firms. Findings - We find that the development of AI finance can alleviate the financing constraints of non-SOE firms. Further, we document that such effect is more pronounced for smaller firms, more innovative firms and firms in developing areas. Practical implications - This study suggests that emerging market countries can ease the financing constraints of non-SOE firms by promoting AI finance development. Originality/value - This study, to the best of our knowledge, is the first one to explore the relationship between AI finance development and financing constraints of non-SOE firms in emerging markets.

Suggested Citation

  • Jun Shao & Zhukun Lou & Chong Wang & Jinye Mao & Ailin Ye, 2021. "The impact of artificial intelligence (AI) finance on financing constraints of non-SOE firms in emerging markets," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 17(4), pages 930-944, October.
    • Handle: RePEc:eme:ijoemp:ijoem-02-2021-0299
    DOI: 10.1108/IJOEM-02-2021-0299
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/IJOEM-02-2021-0299/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/IJOEM-02-2021-0299/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/IJOEM-02-2021-0299?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 search for a different version of it.

    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:eme:ijoemp:ijoem-02-2021-0299. 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: Emerald Support (email available below). General contact details of provider: .

    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.