The Impact of Financial Technology on the Financial Value of Enterprises

Abstract

In the context of the scientific and technological revolution and industrial transformation, financial technology has developed vigorously, solving the problem of financing difficulties for SMEs. And it enables SMEs to develop smoothly and improve self-value. So, it is of great importance to go deeply into the impact of financial technology on the enterprise’s value. Based on the financial data source of Chinese A-share listed companies and the digital inclusive financial index of China’s provinces and cities from 2013 to 2020, this paper uses the two-way fixed effect model to explore the relationship between financial technology and the financial value of enterprises. This paper finds that the development of financial technology can effectively enhance enterprises’ financial value. Therefore, enterprises should correctly use the advantages brought by financial technology to achieve value enhancement, which is of great significance to most enterprises.