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The COVID-19 pandemic and firm value: the mediating effect of FinTech applications

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  • Ya-Chih Yang

    (National Cheng Kung University)

  • Wu-Po Liu

    (National Cheng Kung University)

  • Kung-Hong Shih

    (National Cheng Kung University)

Abstract

This study investigates the impact of the COVID-19 pandemic on firm value and the mediating effect of financial technology (FinTech) applications. Examining the U.S.-listed domestic and foreign firms, we find the negative association between the severity of the virus pandemic and firm value. However, we also show the evidence that FinTech applications alleviate the negative impact of the COVID-19 pandemic on firm value. These findings provide important implications for global regulators, investors, and managers.

Suggested Citation

  • Ya-Chih Yang & Wu-Po Liu & Kung-Hong Shih, 2023. "The COVID-19 pandemic and firm value: the mediating effect of FinTech applications," Review of Quantitative Finance and Accounting, Springer, vol. 60(1), pages 329-344, January.
    • Handle: RePEc:kap:rqfnac:v:60:y:2023:i:1:d:10.1007_s11156-022-01112-5
    DOI: 10.1007/s11156-022-01112-5
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    Cited by:

    1. Congming Mu & Jingzhou Yan & Jinqiang Yang, 2023. "Robust risk choice under high-water mark contract," Review of Quantitative Finance and Accounting, Springer, vol. 61(1), pages 295-322, July.

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