Abstract

With the evolution and progression of fintech, an increasing number of enterprises have introduced fintech. However, it is still unclear whether fintech can improve enterprise value in practical application. This study collected relevant data of Shanghai and Shenzhen A-share listed companies in China from 2011 to 2019, and analyze the objective impact of fintech on enterprise value by linear regression. Linear regression model was established, descriptive statistics were performed, collinearity problem was excluded, and significance level was observed. By conducting rigorous empirical research to explore the use of fintech on the value of enterprises. Through this research, it is found that the use of fintech has a significant improvement on the value of enterprises, indicating that fintech is conducive to improving the efficiency of business operations and improving their performance in the market. Further research finds that the significance level of small enterprises is significantly positive at the 5% level. It is speculated that this is because for small enterprises, the technology level is relatively backward compared with that of large enterprises. At this time, the introduction of fintech will greatly promote the development and value of enterprises. Finally, it is concluded that relevant enterprises can improve their self-value by introducing fintech.

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