Abstract
In the context of financial development tending to be digital and technological, exploring the relationship between fintech and the cost of real enterprises is significant for the high-quality development of real enterprises. Using provincial panel data from 2011-2020, this study empirically investigates the impact, heterogeneity characteristics and transmission mechanism of fintech on the cost of real enterprises using a two-way fixed effects model. This study demonstrates that fintech significantly lowers the cost of real businesses; in terms of different regions, the impact of fintech development on the cost of real enterprises is more significant in eastern regions than in central and western regions; corporate gearing, innovation capacity, financing constraints and financial regulation are the moderating variables of fintech impact on the cost of real firms. Based on this, suggestions are made in this paper related to the high-quality development of fintech, this is an important study to promote the deep integration of fintech and real businesses and to promote high quality development of the real economy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
