Does fintech innovation promote enterprise transformation? Evidence from China

Luo, Shusheng; Sun, Yongkun; Yang, Fan; Zhou, Guangyou

doi:10.1016/j.techsoc.2021.101821

Cited by 101 publications

(37 citation statements)

References 36 publications

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“…Test statistics is the extension of the test proposed by Sargan (1958–1959) and minimum chi‐square estimators. The degree of freedom is equal to the difference between the number of equations and parameters (Hansen, 1982; Luo et al, 2022). There is one more post‐estimation test is about the auto‐correlation test.…”

Section: Methodsmentioning

confidence: 99%

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The path to sustainable municipal solid waste management: Do human development, energy efficiency, and income inequality matter?

Koçak

Bağlıtaş

2022

Sustainable Development

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This paper explores the economic, social, and technical dynamics affecting municipal solid waste (MSW) per capita in organisation for economic co-operation and development (OECD) countries from 2003 to 2018. Static and dynamic panel data methods are followed for empirical analysis. According to the estimation results, there is an inverted-U-shaped relationship between economic growth and MSW. The turning point income level, where technological and structural effects occur, is calculated in the range of $20,000-$34,000. Human development and energy efficiency have mitigating effects on MSW. Energy efficiency and human development are critical for sustainable MSW management. Credit expansion has an increasing effect on MSW generation. Financial development draws attention as a negative indicator in sustainable waste management targets. All models confirm that income inequality has an increasing effect on MSW generation. In addition, poverty reduction is associated with an increase in MSW generation. Thus, income inequality and poverty reduction are a major constraint for sustainable MSW management. After all, the empirical findings of this paper can guide authorities in designing waste management policies.

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Section: Methodsmentioning

confidence: 99%

“…The degree of freedom is equal to the difference between the number of equations and parameters (Hansen, 1982;Luo et al, 2022). There is one more post-estimation test is about the auto-correlation test.…”

mentioning

confidence: 99%

The path to sustainable municipal solid waste management: Do human development, energy efficiency, and income inequality matter?

Koçak

Bağlıtaş

2022

Sustainable Development

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“…Considering that the model may have endogeneity problems caused by observable omitted variables, we intend to adopt the instrumental variable method for endogeneity testing. Referring to the method used by Luo et al (2022) to construct the FinTech index, the text mining method was used to dig out the frequency of words about digital inclusive finance appearing in the Baidu search engine in each province each year and take the logarithmic value as an instrumental variable. The instrumental variable constructed by the text mining method can better reflect the characteristics of digital inclusive finance and meet the requirements related to digital inclusive finance.…”

Section: Robustness Test and Endogeneity Treatmentmentioning

confidence: 99%

How Can the Financing Constraints of SMEs Be Eased in China?-Effect Analysis, Heterogeneity Test and Mechanism Identification Based on Digital Inclusive Finance

Wei

Guo

2022

Front. Environ. Sci.

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Due to the impact of COVID-19 and other factors, SMEs are increasingly facing the contradiction of financing constraints. In order to explore feasible ways to ease the financing constraints of SMEs, we further incorporate digital inclusive finance into the analytical framework of financing constraints of SMEs, and test the causal relationship between them by using models such as two-way fixed effects model and moderated intermediary effect model. We find that digital inclusive finance can effectively alleviate financing constraints of SMEs, and this phenomenon is particularly significant in private enterprises and family enterprises. In addition, the mitigation effect of digital financial inclusion is more like icing on the cake, and it cannot provide practical assistance to small and medium-sized enterprises with poor business conditions. Further research also finds that commercial credit seems to be an effective channel for digital financial inclusion to alleviate financing constraints of SMEs, but corporate leverage also plays an important role in this process, playing a negative moderating role. In general, our study strengthens the effectiveness of digital inclusive finance in alleviating financing constraints of SMEs, at the same time, confirming the existence of commercial credit channels and the moderating effect of enterprises’ lever ratio and providing a feasible direction for alleviating financing constraints of enterprises.

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“…Yang et al (2021) showed that green finance driven by the FinTech sector positively influences sustainable economic development in three dimensions -ecological environment, economic efficiency and economic structure. Furthermore, Luo et al (2022) suggested that FinTech innovation supports green transformation and the sustainable development of the real economy. Tian & Liu (2019) argued that technological progress driven by the FinTech sector may help break the 'resource curse' and thereby increase both the effectiveness and sustainability of an economy.…”

Section: Fintech and Sustainable Development: Other New Applicationmentioning

confidence: 99%

Impact of FinTech on Sustainable Development

Pawłowska¹,

Staniszewska²,

Grzelak³

2022

Financial Sciences

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Since the global financial crisis of 2008, we have observed a very rapid increase in use of digital technologies in the finance and development of FinTech companies, and similarly the impact of climate risk on banking. The aim of the paper was to examine the impact of FinTech on achieving sustainable climate and social goals through innovative financial instruments. FinTech can boost the development of green finance, which addresses environmental protection or climate change and has become an opportunity for industrialised countries to achieve sustainable growth. Finally, this paper presents the positive and negative impact of FinTech on the sustainable growth perspective. To assess the impact of Fintech on sustainable finance, the authors carried out a critical analysis of the latest literature and reports of financial institutions.

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Does fintech innovation promote enterprise transformation? Evidence from China

Cited by 101 publications

References 36 publications

The path to sustainable municipal solid waste management: Do human development, energy efficiency, and income inequality matter?

The path to sustainable municipal solid waste management: Do human development, energy efficiency, and income inequality matter?

How Can the Financing Constraints of SMEs Be Eased in China?-Effect Analysis, Heterogeneity Test and Mechanism Identification Based on Digital Inclusive Finance

Impact of FinTech on Sustainable Development

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