Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2106278
How does the development of fintech affect financial efficiency? Evidence from China
Yi Hu Wu
Liang Bai
Xiaohui Chen
Sažetak
The rapid development of fintech is transforming the global financial
system. However, how does fintech impact financial efficiency?
Based on the technology spillover theory, this study analysed the
theoretical mechanism of fintech’s impact on financial efficiency and
used the text mining method to construct a fintech level index for
each province in China. Using interprovincial panel data from 2008
to 2018, the study empirically tested the relationship between fintech
development and financial efficiency. The results show that
technology spillover theory can adequately explain the impact of
financial technology on financial efficiency and that there is a Ushaped
nonlinear relationship between fintech development and
financial efficiency. Further analysis shows that financial decentralisation
moderates the marginal effect of fintech on financial efficiency.
The effect of fintech on financial efficiency is more significant in
regions with greater financial decentralisation. Therefore, at this
stage, the study recommends that we actively embrace fintech, continuously
deepen the integration of technology and finance, promote
improvement in financial efficiency, and expand the positive
role of local governments in technological innovation.
Ključne riječi
Fintech; financial efficiency; financial decentralisation
Hrčak ID:
306626
URI
Datum izdavanja:
30.4.2023.
Posjeta: 313 *