Fintech Development and Firm Technological Innovation Efficiency: Empirical Findings in China

Xu, Yong; Liu, Yuan; Lee, Hyoung Seok; Baire, Sabrine; Nakonieczny, Joanna; Zhao, Xin

doi:10.1109/tem.2023.3239499

Cited by 28 publications

(9 citation statements)

References 80 publications

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“…Remarkably, 17.39% of the papers analysed in this study came from China. This can be linked to the Chinese government's proactive support for the development of the FinTech industry (Xu et al ., 2023). Innovations and investments in FinTech have been greatly aided by programmes like the “Internet Plus” action plan and the creation of regulatory sandboxes (Qin and Shanyun, 2022).…”

Section: Resultsmentioning

confidence: 99%

“…Remarkably, 17.39% of the papers analysed in this study came from China. This can be linked to the Chinese government's proactive support for the development of the FinTech industry (Xu et al, 2023) programmes like the "Internet Plus" action plan and the creation of regulatory sandboxes (Qin and Shanyun, 2022). China has also made a significant contribution to its position as among the most active countries in the field of FinTech by making a commitment to enacting regulations that prioritise the FinTech sector's stability and security, while retaining a rather accommodating regulatory setting which promotes experimentation and innovation (Pandiya and Yadav, 2023;Zhu and Zhang, 2023).…”

Section: Keyword Analysismentioning

confidence: 99%

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Analysis of global research trends on FinTech: a bibliometric study

Alfawareh,

Al-Kofahi

2023

JIDE

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PurposeThe key aim of this study is to highlight current financial technology (FinTech) trends by conducting a bibliometric review of literature derived from the Scopus database.Design/methodology/approach A bibliometric analysis was conducted on articles gathered from the Scopus database. Microsoft Excel was used to perform the frequency analysis, VOSviewer for visualising the data, and Harzing’s Publish or Perish for the metrics citation.Findings According to this investigation, research into FinTech has been consistently increasing since 2008. The results indicate that the most active publisher of FinTech literature is Bina Nusantara University in Indonesia. In terms of country of publication, China is identified as the most active. The most cited author is Buckley, R.P., with Rabbani, M.R., having the most publications. It was also identified that FinTech researches come under three primary domains namely business management, computer science and economics.Research limitations/implications The primary limitation of this current study is that it only relied on one data source, i.e. Scopus. Implications wise, researchers and practitioners can gain a deeper understanding of FinTech from this study, which also describes the trend in related publications on the concept. Future studies could significantly benefit from the findings of the present paper.Practical implications The outcomes of this study can assist researchers in better comprehending and summarising the key drivers of FinTech. In addition, the findings can help new researchers identify the starting point for their research on FinTech.Originality/value As far as the authors are aware, this is the first study that reviews FinTech publications derived from Scopus from 2008 to 2022. Hence, it is a pioneering study into FinTech bibliometric analysis, providing an understanding of the structural knowledge by reviewing the timeline of academic progression in FinTech.

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“…Remarkably, 17.39% of the papers analysed in this study came from China. This can be linked to the Chinese government's proactive support for the development of the FinTech industry (Xu et al ., 2023). Innovations and investments in FinTech have been greatly aided by programmes like the “Internet Plus” action plan and the creation of regulatory sandboxes (Qin and Shanyun, 2022).…”

Section: Resultsmentioning

confidence: 99%

“…Remarkably, 17.39% of the papers analysed in this study came from China. This can be linked to the Chinese government's proactive support for the development of the FinTech industry (Xu et al, 2023) programmes like the "Internet Plus" action plan and the creation of regulatory sandboxes (Qin and Shanyun, 2022). China has also made a significant contribution to its position as among the most active countries in the field of FinTech by making a commitment to enacting regulations that prioritise the FinTech sector's stability and security, while retaining a rather accommodating regulatory setting which promotes experimentation and innovation (Pandiya and Yadav, 2023;Zhu and Zhang, 2023).…”

Section: Keyword Analysismentioning

confidence: 99%

Analysis of global research trends on FinTech: a bibliometric study

Alfawareh,

Al-Kofahi

2023

JIDE

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“…As the FinTech industry continues to evolve, it promises to further democratise financial services, providing unprecedented opportunities for SMEs to thrive in an increasingly digital economy. This evolution highlights a critical period of transition to a more accessible and equitable financial ecosystem, in which the restrictions traditionally imposed on SME financing will be gradually removed [6]. From this perspective, the trajectory of FinTech innovation not only heralds a new era of financial inclusion, but also marks a critical step forward in empowering SMEs, unlocking their potential as a key driver of innovation, employment and economic diversification in the global marketplace.…”

Section: Overview Of Fintech Developmentmentioning

confidence: 99%

Fintech Innovation in Micro and Small Business Financing

Chen

2024

IJGEM

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This paper delves into the transformative role of financial technology (FinTech) innovations in facilitating financing for small and micro enterprises (SMEs), a sector historically marred by limited access to traditional financial services. Despite their significant contribution to economic growth and employment, SMEs often face substantial barriers in securing necessary capital due to stringent credit evaluations, lack of collateral, and the disproportionate costs of small-scale lending. FinTech innovations, leveraging cutting-edge technologies such as artificial intelligence, blockchain, and big data analytics, present a paradigm shift, offering more accessible, efficient, and tailored financial solutions. This study explores the evolution of FinTech, its impact on traditional banking, and its potential to bridge the financing gap faced by SMEs. Through an analysis of current financing challenges and the application of FinTech solutions, this paper highlights how digital platforms, alternative credit scoring models, and novel funding mechanisms are revolutionizing SME financing. Furthermore, it discusses the regulatory landscape, emphasizing the need for policies that support FinTech growth while ensuring financial stability and consumer protection. Looking forward, the paper outlines the anticipated trends in FinTech innovations and their continued influence on SME financing, advocating for a collaborative approach among policymakers, financial institutions, and FinTech firms to foster a more inclusive financial ecosystem. The conclusion underscores the critical role of FinTech in empowering SMEs, driving economic diversity, and promoting sustainable development.

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“…This research also adopts the method of replacing the model for robustness testing. The 2SLS model is replaced by the two-way fixed effects model (De Chaisemartin & d'Haultfoeuille, 2020;He et al, 2023;Liew & Devi, 2021;Xu et al, 2023). Furthermore, the guidance and supervision mechanisms related to CSR information disclosure in China still need improvement (Coelho et al, 2023).…”

Section: Robustness Analysismentioning

confidence: 99%

“…This research also adopts the method of replacing the model for robustness testing. The 2SLS model is replaced by the two‐way fixed effects model (De Chaisemartin & d'Haultfoeuille, 2020; He et al, 2023; Liew et al, 2021; Liew & Devi, 2021; Xu et al, 2023). Table 14 shows that this model controls both individual effects and time effects.…”

Section: Empirical Analysismentioning

confidence: 99%

Revisiting the nexus between corporate social responsibility and corporate value: Evidence from China

Wu,

Liew

2023

Corp Soc Responsibility Env

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PurposeUnder the concept of sustainable development guided by ‘carbon peak’ and ‘carbon neutral’, corporate social responsibility (CSR) performance has become the focus of attention in all sectors of society. With the gradual deepening of China's ‘new economic normal’ development, firms face increasing environmental uncertainty in the market. This study aims to embed CSR, financial flexibility (FF), institutional investors (INST), and corporate value into the same theoretical framework and conduct heterogeneity analysis on the nature of property rights, heavily polluting industries, and marketisation level.Design/Methodology/ApproachBased upon the observation data of listed firms in Shanghai and Shenzhen A‐shares in China from 2011 to 2021, this study uses Stata software for data processing, analysis, and two‐stage least‐squares (2SLS) models to solve endogenous problems.FindingsThe research results show that improving CSR performance increases corporate value, while INST and FF moderate the relationship between them. Further heterogeneity analysis found that the nature of property rights, heavily polluting industries, and marketisation level have different impacts on these moderating effects. This result provides ideas for clarifying the economic impact of enhancing the firms' CSR performance in the current era.Originality/ValueFirst, from the standpoint of CSR performance, it enhances the literature on the key corporate values in China. Second, from the perspective of corporate value, it has enriched the CSR literature and provided a new perspective for further clarifying the significance of improving the CSR performance of firms at this stage. Third, from the perspective of INST and FF, this research examines the moderating mechanism of CSR performance on corporate value. Hence, it provides a reference for further improving the efficiency of resource allocation in the capital markets.

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Fintech Development and Firm Technological Innovation Efficiency: Empirical Findings in China

Cited by 28 publications

References 80 publications

Analysis of global research trends on FinTech: a bibliometric study

Analysis of global research trends on FinTech: a bibliometric study

Fintech Innovation in Micro and Small Business Financing

Revisiting the nexus between corporate social responsibility and corporate value: Evidence from China

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