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

页码：1675 / 1688

页数：14

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