Can Bank Fintech Curb the Risk of Share Price Crashes in Lending Companies?
Fintech enablement helps banks to better fulfill their credit allocation role and debt governance role,and plays an important role in maintaining financial market stability.Using a sample of A-share non-financial listed com-panies from 2012 to 2022,this paper empirically investigates the impact of bank fintech on the risk of stock price col-lapse of lending firms.The study finds that bank fintech significantly dampens the risk of stock price collapse of lending firms and this dampening effect is more significant in the sample group of polluting and state-owned firms.The mecha-nism of action analysis finds that bank fintech can dampen the risk of stock price collapse of lending firms by reducing the risk of debt default and improving the quality of accounting information of lending firms.It is further found that cor-porate executives'financial background plays a negative moderating role in the process of bank fintech suppressing the risk of stock price collapse of lending firms,while analysts'attention plays a positive moderating role in the process of bank fintech suppressing the risk of stock price collapse of lending firms.
bank fintechdebt default riskquality of accounting informationexecutive financial backgroundanalyst focus
万方数据
