Study of Fintech and Corporate Risk Based on the Perspective of Objective Financial Dilemma and Subjective Risk Appetite-Reference-Cited by-同舟云学术

Study of Fintech and Corporate Risk Based on the Perspective of Objective Financial Dilemma and Subjective Risk Appetite

Published:2023-08-16 Issue: Volume:49 Page:250-265
ISSN:2692-6156
Container-title:BCP Business & Management
language:
Short-container-title:BCPBM

Author:

Qin Nuoqing

Abstract

The rapid development of fintech will have an important impact on corporate risks. This paper takes A-share non-financial listed companies from 2011 to 2020 as the research object to study the impact of fintech development level on the risk bearing level and financial risk. The results show that: (1) There is a U-shaped relationship between the development level of fintech and the level of enterprise risk taking and financial risk as well.(2) At present, China is in the period of rapid development of fintech, and the increase of enterprise risks caused by it is worth noticing, and the relevant departments should strengthen external supervision.(3) Fintech can have an impact on enterprise risks by alleviating financing constraints, promoting enterprise R & D and innovation, and reducing the market competition degree.(4) The regulatory effect of corporate governance level can be claimed as: the higher the level of corporate governance, the more considerable the influence of fintech on improving the level of enterprise risk bearing, and the less considerable the impact of reducing financial risk.

Publisher

Boya Century Publishing

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