IDEAS home Printed from https://ideas.repec.org/a/taf/apbizr/v28y2022i4p467-492.html
   My bibliography  Save this article

Does technology innovation in finance alleviate financing constraints and reduce debt-financing costs? Evidence from China

Author

Listed:
  • Han Chen
  • Soon Suk Yoon

Abstract

We use Chinese listed firms from 2011 to 2018 to explore whether and how financial technology impacts corporate debt-financing constraints and costs. Using two forms of financial technology cases in China, we explain why technology innovation in the financial industry flourishes and contributes to alleviating debt-financing constraints and reducing debt-financing costs. We empirically document that financial technology helps alleviate firms’ financing constraints and reduce firms’ debt-financing costs. We also find that financial technology plays a more significant role for private-owned firms, small firms, growth-stage firms, and firms under intense financial supervision.

Suggested Citation

  • Han Chen & Soon Suk Yoon, 2022. "Does technology innovation in finance alleviate financing constraints and reduce debt-financing costs? Evidence from China," Asia Pacific Business Review, Taylor & Francis Journals, vol. 28(4), pages 467-492, August.
  • Handle: RePEc:taf:apbizr:v:28:y:2022:i:4:p:467-492
    DOI: 10.1080/13602381.2021.1874665
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13602381.2021.1874665
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/13602381.2021.1874665?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xie, Chunyu & Ye, Linlin & Zhong, Nan & Wan, Wenjun, 2024. "Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China," Resources Policy, Elsevier, vol. 91(C).
    2. Tang, Song & Chen, Zejin & Chen, Jiawei & Quan, Lei & Guan, Kaiyang, 2023. "Does FinTech promote corporate competitiveness? Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    3. Fan, Min & Lu, Zhixi & Zhou, Yun & Wang, Jian, 2024. "Threshold and spillovers effects of fintech on China's energy dependence on fossil fuel," Resources Policy, Elsevier, vol. 91(C).
    4. Qiao, Penghua & Liu, Siting & Fung, Hung-Gay & Wang, Chen, 2024. "Corporate green innovation in a digital economy," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 870-883.
    5. Jia Guo & Lixuan Chen & Ge Gao & Sijia Guo & Xiuting Li, 2022. "Simulation Model-Based Research on the Technology Support System for China’s Real Estate Financial Risk Management," Sustainability, MDPI, vol. 14(20), pages 1-12, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apbizr:v:28:y:2022:i:4:p:467-492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FAPB20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.