Can Fintech Become a New Qualitative Driver of High-quality Corpo-rate Development?——Empirical Evidence from Credit Matching Between Banks and Enterprises
Fintech can break the constraints of traditional financing rules and become a new quality means to em-power the high-quality development of enterprises.Focusing on banking fintech,this paper studies the impact of fin-tech on the high-quality development of enterprises and tests the mediating mechanism between the financing effect of fintech and the supervisory and governance effect of fintech.The empirical results show that fintech adoption signifi-cantly contributes to high-quality business development and shows a stronger contribution to SMEs and private firms;the mediation effect test shows that FinTech can promote high-quality development of enterprises by alleviating their fi-nancing constraints,improving the supervisory and governance capacity of banks,and alleviating the information asymmetry between banks and enterprises;in addition,the development of bank-enterprise fintech has a significant synergistic effect,and the consistency of bank-enterprise fintech development significantly enhances the effect of fin-tech on the promotion of high-quality development of enterprises.The findings of the study have certain theoretical val-ue and practical significance for promoting the financial industry to better serve the real economy and promote the high-quality development of enterprises.
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