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Fintech, Financial Constraints and OFDI: Evidence from China

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Listed:
  • Kui Wang
  • Yang Hu
  • Jing Zhou
  • Feng Hu

Abstract

We examined how Fintech affects Chinese firms’ OFDI. By using the regional Fintech index, we identified potential channels through which Fintech affects firms’ OFDI. We show that firms that are more financially constrained exhibit a disproportionally higher OFDI level in cities with better-developed Fintech services. We further find that Fintech development promotes lending to firms and facilitates OFDI because Fintech intensifies bank loan competition. Our research emphasises the importance of financial innovation driven by technology on the behaviour of enterprise internationalisation.

Suggested Citation

  • Kui Wang & Yang Hu & Jing Zhou & Feng Hu, 2023. "Fintech, Financial Constraints and OFDI: Evidence from China," Global Economic Review, Taylor & Francis Journals, vol. 52(4), pages 326-345, October.
    • Handle: RePEc:taf:glecrv:v:52:y:2023:i:4:p:326-345
    DOI: 10.1080/1226508X.2023.2283878
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    Cited by:

    1. Javed, Hasnain & Du, Jianguo & Iqbal, Shuja & Nassani, Abdelmohsen A. & Basheer, Muhammad Farhan, 2024. "The impact of mineral resource abundance on environmental degradation in ten mineral- rich countries: Do the green innovation and financial technology matter?," Resources Policy, Elsevier, vol. 90(C).
    2. Dong, Xueqin & Dong, Dongdong & Yu, Qing, 2024. "Impact of oil, gold, and energy prices on resources footprint: Evaluating the role of digital governance and financial development," Resources Policy, Elsevier, vol. 92(C).
    3. Hasan, Mohammad Maruf & Hasan, Md Enamul & Ghosh, Tusher, 2024. "Transforming developing economies by shifting paradigms beyond natural resources. The fintech and social dynamics for sustainable mineral policy," Resources Policy, Elsevier, vol. 94(C).
    4. Akhtar, Shamim & Tian, Hongyun & Alsedrah, Ibrahim Tawfeeq & Anwar, Ahsan & Bashir, Shahid, 2024. "Green mining in China: Fintech's contribution to enhancing innovation performance aimed at sustainable and digital transformation in the mining sector," Resources Policy, Elsevier, vol. 92(C).
    5. Zou, Qizhi & Wu, Qian & Wang, Jia, 2024. "Is natural resources curse possible under the digitalization? A loon on top digitalized economies," Resources Policy, Elsevier, vol. 92(C).
    6. Xiaobin, Wang & Wu, Fuxi & Alharthi, Majed & Raza, Syed Muhammad Faraz & Albalawi, Olayan, 2024. "Natural resources, trade and fintech in the era of digitalization: A study of economies involved in Belt and Road Initiative," Resources Policy, Elsevier, vol. 93(C).
    7. Tang, Yi, 2024. "Nexus of natural resource depletion, corruption and financial inclusion on bio-diversity loss: A systematic study on corrupt economies," Resources Policy, Elsevier, vol. 92(C).
    8. Huang, Chaoqun & Liu, Weibai & Iqbal, Wasim & Shah, Syed Ale Raza, 2024. "Does digital governance matter for environmental sustainability? The key challenges and opportunities under the prism of natural resource management," Resources Policy, Elsevier, vol. 91(C).

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