Impact of COVID-19 on Financial Constraints and the Moderating Effect of Financial Technology

被引：37
|
作者：
Ling, Shixian [1 ]
Pei, Tianyue [1 ]
Li, Zhaohui [1 ]
Zhang, Zhiping [1 ]
机构：
[1] Shandong Univ, Sch Business, Weihai 264209, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2021年 / 57卷 / 06期
关键词：
COVID-19; fintech; financial constraints; INNOVATION; EQUITY;
D O I：
10.1080/1540496X.2021.1904883
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The sudden outbreak of COVID-19 has made enterprises in various countries face extreme financial constraints. Using the quarterly data of Chinese listed companies from 2011 to 2020, we examine the impact of COVID-19 on financial constraints and the moderating effect of financial technology. We find that while COVID-19 has increased enterprises' financial constraints, the development of financial technology can mitigate its negative impact. The results still hold under various robustness checks. While the COVID-19 pandemic is still ongoing, there is scope for the future development of financial technology to help protect and revive the global economy.
引用
收藏
页码：1675 / 1688
页数：14
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